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Japan’s Economy Recovered In Second Half But Barely Grew in 2024

Though it recovered in the second half of the year, Japan’s economy barely grew in 2024 as a depreciated yen fueled inflation and strained households.

Β© Yuichi Yamazaki/Agence France-Presse β€” Getty Images

President Trump’s proposed tariffs on U.S. trading partners, including Japan, are likely to further boost the dollar against the yen.

How Trump’s One-for-One Tariff Plan Threatens the Global Economy

In starting a process to impose reciprocal tariffs on American trading partners, the White House is sowing uncertainty and risking inflation.

Β© The New York Times

Rows of cars waiting to be shipped at the Port of Tianjin in China. President Trump is aiming to advance a new era in which trade treaties give way to country-to-country negotiations.
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