Japan’s economy shrank at an annualized pace of 2.3 percent in the third quarter of 2025, revised government data showed Monday, marking the steepest contraction since late 2023.
The Cabinet Office said gross domestic product, adjusted for inflation, fell 0.6 percent from the previous quarter, compared with an earlier estimate of a 0.4 percent decline.
Private consumption, which makes up more than half of the economy, rose 0.2 percent, slightly higher than the preliminary 0.1 percent gain.
Capital spending dropped 0.2 percent, reversing an initial estimate of a 1.0 percent increase, while external demand shaved 0.2 percentage points from GDP, unchanged from the earlier reading.