AI Data Insight
In Japan's nominal GDP for the first quarter of 2026, the contribution of the increase in public inventory was 0.0%, entirely flat compared to the previous quarter, maintaining a long-term state of zero contribution. Despite this, Japan's overall Q1 annualized GDP growth still reached 1.8%, beating market expectations of 1.3%, indicating that private consumption and exports have become the core drivers. Looking ahead, driven by strong wages, market focus will shift to domestic demand and the Bank of Japan's monetary tightening path.