AI Data Insight
The year-on-year contribution of "increase in public inventory" to Japan's real GDP in the first quarter of 2026 was reported at 0.0%, unchanged from the previous reading, continuing to have almost no real impact on the economy over the long term. During the same period, Japan's overall GDP grew by 0.5% quarter-on-quarter, beating market consensus, primarily driven by robust private consumption and exports, which effectively offset the contraction in corporate capital expenditure caused by geopolitics and higher interest rates.