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September 08, 2025JAPAN GDP Q2 2025 (SECOND PRELIMINARY) 
Second estimates indicate that the Japanese economy (real GDP) grew at a seasonally adjusted annualized rate of 2.2% (revised up from 1.0%) in the second quarter of 2025. This was an acceleration from growth in the first quarter, which was revised down to 0.3%.
Revised growth in the second quarter came from household consumption (+1.5%), residential (+2.0%) and non-residential (2.6%) investment, and a rebound in exports (+8.0%). This was partially offset by a decline in public investment (-2.2%) and growth in imports (+2.5%).
Japan's nominal GDP was revised up to 6.6% (seasonally adjusted annualized rate) in Q2 2025, accelerating from a revised 3.6% in Q1 2025. The price deflator for Japan's real GDP (the broad measure of price growth) increased at a seasonally adjusted annualized rate of 4.4% in Q2 2025, accelerating from 3.3% in the first quarter.
Source: Cabinet Office of Japan, Quarterly Estimates of GDP
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