AI Data Insight
In 2025, the contribution of Japan's private inventory to nominal GDP rebounded to 0.3%, ending two consecutive years of destocking drag (-0.2%, -0.1%), indicating that the corporate inventory cycle has entered a turning point. This wave of growth was mainly driven by strategic replenishment in semiconductor and AI-related industries; however, the automotive industry faced an export slowdown due to US trade protection policies, causing the nature of some inventories to turn into "passive accumulation," and inventory destocking pressure in 2026 warrants attention.