Japan Q3 GDP contracts; exports weigh on growth

Monday, November 17, 2025 at 02:00 UTC+01:00 (+0100), Japan, Tokyo

News category : Macroeconomic Events

Japanese preliminary national accounts released on 17 November showed that the economy contracted in the July-September quarter, driven primarily by a decline in exports amid global trade frictions. The downbeat print complicates the Bank of Japan’s policy outlook and affects currency and bond markets by altering growth and inflation expectations. For exporters and multinational companies, the GDP surprise prompts revisions to revenue forecasts and supply-chain assumptions, with knock-on effects for regional demand and commodity flows.

Overall market impact

Light bearish market impact - strength score : 66/100

Detailed breakdown of market impact over instruments, sectors, and asset classes

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Impacted instruments :

JPY

Japanese sovereign bonds

Nikkei 225

Auto exporters

Global cyclical stocks

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