Overview
- The Cabinet Office now estimates output fell 0.6% from the prior quarter, the steepest annualized slide since the third quarter of 2023.
- Capital expenditure was revised to a 0.2% decline from an initially reported 1.0% rise, signaling weaker private investment.
- Private consumption edged up 0.2% as domestic demand subtracted 0.4 percentage point and net exports took 0.2 point off growth.
- Detailed figures show exports fell 1.2% and private residential investment dropped 8.2% in the quarter, while imports slipped 0.4%.
- Reuters-sourced reports indicate the government would tolerate a December policy rate increase at the BOJ despite the softer data.