日本经济在2025年Q3下滑,原因是资本支出下降,出口疲软,尽管利润增加。 Japan's economy shrank in Q3 2025 due to falling capital spending and weakening exports, despite rising profits.

日本的资本支出在2025年第三季度同比增长2.9%,但在季节性调整后的季度基础上下降1.4%,这是美国关税上升和出口需求疲软的背景下五个季度以来首次下降. Japanese capital spending rose 2.9% year-on-year in Q3 2025 but declined 1.4% on a seasonally adjusted quarterly basis, marking the first drop in five quarters amid rising U.S. tariffs and weakening export demand. 尽管公司利润猛增19.7%,销售额增加0.5%,但不包括软件的商品投资下降了0.3%,导致国内生产总值初步年化收缩1.8%,这是六季度的第一次收缩。 Despite a 19.7% surge in corporate profits and a 0.5% sales increase, investment in goods excluding software fell 0.3%, contributing to a preliminary 1.8% annualized GDP contraction—the first in six quarters. 12月8日到期的订正国内生产总值数据可能显示下降幅度更大。 Revised GDP data due December 8 may show a larger decline. 政府计划对人工智能、半导体和造船采取1.6万亿日元的刺激措施,而日本银行则考虑在持续的工资压力下提高利率。 The government plans a 1.6 trillion yen stimulus for AI, semiconductors, and shipbuilding, while the Bank of Japan considers a rate hike amid persistent wage pressures.