TOKYO, Sept. 1 (Xinhua) — According to the corporate statistical report released by Japan’s Ministry of Finance on September 1, due to factors including U.S. tariff policies, the recurring profits of Japan’s manufacturing sector in the second quarter of this year fell by 11.5 percent year-on-year, marking a decline for two consecutive quarters, reported by journalist Liu Chunyan.
Data shows that while sales in Japan’s manufacturing sector increased by 1.3 percent year-on-year in the second quarter, recurring profits decreased by 11.5 percent year-on-year due to factors such as U.S. tariff policies and exchange rates.
Among the 11 manufacturing sectors, seven—including petroleum & coal, iron & steel, metal products, transportation machinery, chemical industry, commercial machinery, and general machinery—saw year-on-year declines in recurring profits exceeding 10 percent. Notably, the transportation machinery sector, centered on the automotive industry, experienced a 29.7 percent drop in recurring profits.
Officials from Japan’s Ministry of Finance stated that U.S. trade policies pose downside risks to the Japanese economy.
The Corporate Statistical Survey is a random sampling survey conducted by the Ministry of Finance on corporate business conditions, compiled quarterly, and serves as an important reference for the Japanese government’s revisions of GDP data.
