TOKYO (AP) — Japan’s economy contracted at an annual pace of 2.3% in the July-September period, the government reported Monday, as exports suffered from the impact of U.S. President Donald Trump’s tariffs and public investments slipped.
The decline in Japan’s gross domestic product, or the sum value of its goods and services, translates to a 0.6% on-quarter fall, and marked a lowered revision from the preliminary data released last month, which had shown a drop of 1.8% at an annual rate, or 0.4% on-quarter, according to the Cabinet Office.
The annualized rate shows what the economy would have done if the same rate were to continue for a year.
Exports dropped 1.2% in the quarter compared to the previous quarter, unchanged from the preliminary figure, while private residential investment fell 8.2%, slightly less than the 9.4% fall seen in the earlier data.
Trump implemented higher tariffs on imports from many countries earlier this year.
In September, the U.S. lowered the tariffs surcharge on nearly all Japanese imports to 15% from an earlier plan for a 25% tariff. The tariffs on autos are a serious blow to Japan’s economy. Japan has promised to invest $550 billion in the United States, in an accommodating move announced during the tariff negotiations.
Analysts say the drop in private residential investment observed in the July-September quarter was mainly due to revisions of Japan’s building code that caused housing starts to plunge from earlier this year.
Imports slipped 0.4% during the quarter, while private consumption gained 0.2%, according to revised data.
The tariffs have strained bilateral ties between Japan and the U.S., its most important alliance partner.
Japan now has its first female prime minister, Sanae Takaichi, who remains popular, partly because of her assertive nationalist-leaning comments. She is also fostering hopes for an economic revival, although prospects remain unclear.
Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama
A general view of a container port seen from a helicopter in Tokyo, on Oct. 29, 2025. (AP Photo/Mark Schiefelbein)
LAS VEGAS (AP) — This wasn't a typical Broncos game. For the first time this season, they didn't trail, and the final minutes were not overly stressful.
What was typical? They won again.
Bo Nix passed for 212 yards and rushed for a touchdown, and Denver extended its winning streak to 10 games, defeating the Las Vegas Raiders 24-17 on Sunday, a score that wasn't reflective of the Broncos' dominance.
“It did not feel like some of these other (games) recently,” coach Sean Payton said. “My headset was off earlier.”
The Raiders lost quarterback Geno Smith, who injured his right hand and shoulder in the third quarter and was replaced by Kenny Pickett. Las Vegas coach Pete Carroll said Smith's hand was cut and his shoulder “really locked up” but there didn't appear to be significant damage.
The Broncos (11-2) appear to be on the verge of ending Kansas City's nine-year reign in the AFC West, and they tied idle New England for the top seed in the conference. Denver owns the tiebreaker because of its 6-0 record against common opponents; the Patriots lost to the Raiders.
The Broncos ended their NFL record of rallying for nine consecutive victories — this time, they only had to pull away from an early 7-7 tie. Denver has its best record through 13 games since 2013.
The Broncos have their skeptics, however, given how many victories they've had to eke out, and beating up on the free-falling Raiders likely won't silence the doubters.
“Ten in a row's a long streak,” Nix said. “You want to be appreciative of this opportunity and appreciative of the wins no matter how they come. But at the same time, we're always looking to get better.”
The Raiders (2-11) have lost seven in a row and 11 of 12. Las Vegas also has lost 11 consecutive divisional games, the league's longest active skid.
Statistics pointed to a potential mismatch with the Broncos bringing in a top-five defense against a Raiders offense that's at or near the bottom of several statistical categories. Denver held the ball for 39:03 and gained 356 yards with 27 first downs. The Raiders had 229 yards and 16 first downs.
Nix was highly efficient, completing 31 of 38 passes.
Nik Bonitto had two sacks, giving him 12 1/2 for the season. He is the first Denver player with double-digit sacks in consecutive seasons since Von Miller did it five straight times from 2014-18.
Smith was 13 of 21 for 116 yards and a touchdown. Pickett completed 8 of 11 passes for 96 yards and a TD.
“I've seen a lot of Kenny in practice,” Carroll said. “He's active, he's quick, he's really athletic, he's a good thinker, he's clearly a competitive guy. I see nothing but positive stuff. I'm coaching the hell out of him because I want him to be ready if the opportunity pops.”
Maxx Crosby had two tackles for loss, giving him 25 for the season to break his team record of 23 set three years ago.
Each team had just one possession in the first quarter — and made them count.
The Broncos opened with a 14-play, 81-yard drive that took 8:54, with Nix running in from 8 yards to complete the series. Then the Raiders took the remaining time off the clock, with Smith hitting Brock Bowers for a 15-yard TD.
That was the first opening-series touchdown the Broncos have allowed this season. It also was the first opening Las Vegas drive to go the distance since the first game at New England.
Both offenses had their difficulties in the second quarter, with the only score coming on a 48-yard punt return for a touchdown by Denver's Marvin Mims Jr.
RJ Harvey's 3-yard scoring run late in the third period gave Denver what seemed like an almost insurmountable two-touchdown lead. Harvey has five TD runs this season and four through the air.
Daniel Carlson's 46-yard field goal on the final play gave a particularly nasty beat to Broncos bettors. Denver was favored by 7 1/2 points at BetMGM Sportsbook.
Carlson would never have had a shot at the field goal if Broncos safety Brandon Jones hadn't drawn a delay-of-game penalty for not allowing wide receiver Tyler Lockett to get up after a 26-yard gain. That penalty stopped the clock with 5 seconds remaining.
“We're going to run the clock out,” Payton said. “That wasn't real smart.”
Broncos: DT D.J. Jones (ankle) and TE Nate Adkins (knee) did not play.
Raiders: CB Kyu Blu Kelly (knee), who leads the team with three interceptions, was injured early in the second quarter. ... TE Ian Thomas (calf) was hurt in the fourth quarter. ... TE Michael Mayer (ankle) and WRs Alex Bachman (thumb) and Dont’e Thornton Jr. (concussion) did not play.
Broncos: Host Green Bay next Sunday.
Raiders: Visit Philadelphia next Sunday.
AP NFL: https://apnews.com/hub/NFL
Las Vegas Raiders cornerback Kyu Blu Kelly, middle, is carted off the field during the first half of an NFL football game against the Denver Broncos in Las Vegas, Sunday, Dec. 7, 2025. (AP Photo/Gregory Bull)
Las Vegas Raiders quarterback Geno Smith (7) passes against the Denver Broncos during the first half of an NFL football game in Las Vegas, Sunday, Dec. 7, 2025. (AP Photo/Gregory Bull)
Denver Broncos quarterback Bo Nix (10) passes against the Las Vegas Raiders during the first half of an NFL football game in Las Vegas, Sunday, Dec. 7, 2025. (AP Photo/Gregory Bull)
Las Vegas Raiders tight end Brock Bowers (89) scores in front of Denver Broncos cornerback Ja'Quan McMillian (29) during the first half of an NFL football game in Las Vegas, Sunday, Dec. 7, 2025. (AP Photo/Candice Ward)
Denver Broncos' Marvin Mims Jr., middle, is congratulated by teammates after returning a punt for a touchdown against the Las Vegas Raiders during the first half of an NFL football game in Las Vegas, Sunday, Dec. 7, 2025. (AP Photo/Candice Ward)
