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Punishing US tariffs push Japan's economy into contraction
Bangkok Post
|November 18, 2025
ECONOMIC INDICATORS
Mount Fuji and the Tokyo skyline on Nov 12. The economic contraction in Japan is the latest indicator of how President Trump's trade policies are disrupting the global economy.
(AFP)
Japan's economy contracted for the first time in more than a year during the July to September quarter, as tariffs imposed by the Trump administration began to weigh on the exports of one of the United States' top trading partners.
The quarterly decline of 1.8% was the first year-on-year drop in growth in six quarters. Japanese exports fell 1.2% during the period, driven by a slump in automobile and parts shipments, a sector acutely affected by higher US duties.
In July, Japan reached a trade agreement with the United States, which, in exchange for a pledge to invest $550 billion in the US economy, resulted in Japan facing a 15% blanket tariff on its exports — a rate lower than initially threatened, but still damaging.
This story is from the November 18, 2025 edition of Bangkok Post.
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