According to a report by Jinshi Data, analysts at Crédit Agricole believe that due to the impact of U.S. tariffs and concerns over a global economic slowdown, Japanese companies may be more cautious about capital expenditure, expecting an economic contraction in the third quarter.
Analysts point out that the summer heat may affect the recovery of consumer spending. The Bank of Japan is expected to raise interest rates as early as January 2026, provided that the global economy does not decline and the effects of economic policy are sufficient to restore real GDP to positive growth from the fourth quarter.