US tariffs likely push Japan into first economic contraction in six quarters: Reuters Poll [Yahoo! Finance]
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) (SMFG)
US:NYSE Investor Relations:
smfg.co.jp/english/investor
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Source: Yahoo! Finance
?President Donald Trump's tariff policies, a Reuters poll showed on Friday. Gross domestic ?product (GDP) in real terms probably shrank an annualised 2.5% in the third quarter, according to the ?median forecast of 18 economists, after an annualised 2.2% expansion in the second quarter. Without annualisation, the third-quarter contraction was estimated at 0.6%. Analysts attributed the slowdown to a slump in exports due to U.S. tariffs. External demand or net exports, which is exports minus ?imports, probably shaved 0.3 ?percentage points from the third-quarter GDP, after it added 0.3 points in the second quarter. Other negative factors include a decline in housing and inventory investment ?after front-loading in the previous quarter. "The Japanese economy posted an expansion that could be almost called "too good" through the first half of 2025," analysts at SMBC Nikko Securities said in their analysis.? "However, with the weight of newly imposed tariffs coming to the fore,
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SMFG
Sec Filings
- 12/4/25 - Form 6-K
- 12/4/25 - Form 6-K/A
- 12/4/25 - Form 6-K/A
- SMFG's page on the SEC website