Japan’s Economy Shows Resilience Amidst Trade Friction

Japan’s economic growth defied recession pressures, showing resilience despite the impact of new U.S. export duties. The nation’s GDP grew 1% on an annualized basis in Q2, exceeding expectations and contributing to a 0.6% annualized gain from Q1. This positive growth was fueled by robust exports, bolstering domestic demand, and tourism, despite tariffs imposed by the U.S.