Japan Q2 GDP: +0.5% q/q (preliminary was +0.3%)

Revised economic growth data from Japan for the April to June quarter of 2025 comes in better than the flash reading for the data did.

GDP Annualized (QoQ): 2.2%

• Expected: 1.0%
  Previous: 1.0%

GDP (QoQ): 0.5%

• Expected: 0.3%
  Previous: 0.3%

GDP Private Consumption (QoQ): 0.4%

• Expected: 0.2%
  Previous: 0.2%

GDP External Demand (QoQ): 0.3%

• Expected: 0.3%
  Previous: 0.3%

GDP Capital Expenditure (QoQ): 0.6%

• Expected: 1.3%
  Previous: 1.3%

At the margin the better GDP data is a positive for the yen.

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Current Account n.s.a. (Jul): 2.684tln

• Expected: 3.366tln
  Previous: 1.348tln

Bank Lending (YoY) (Aug): 3.6%

• Expected: 3.2%
  Previous: 3.2%

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ps, Japan Nikkei futures rise 1.5% in early trade.

Yen is off to a weak start with the resignation of Japanese Prime Minister Ishiba

Monday open levels, indicative FX prices, 8 September ’25. Japan PM Ishiba quit, yen lower

• USD/JPY update, around 148.10. ICYMI, JPY slammed lower after Japan PM Ishiba resigned
• USD/JPY – we got a gap to fill!

This article was written by Eamonn Sheridan at investinglive.com.