---
title: "Japan’s Q1 growth beats forecasts but energy shock looms"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286840191.md"
description: "Japan's GDP grew 2.1% annualized in Q1, exceeding the 1.7% forecast, driven by consumption, investment, and exports. However, the closure of the Strait of Hormuz has disrupted 20% of global oil supply, leading to rising fuel prices and inflation risks. The Bank of Japan may consider a rate hike in June due to increasing import costs affecting inflation and corporate profits."
datetime: "2026-05-19T01:51:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286840191.md)
  - [en](https://longbridge.com/en/news/286840191.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286840191.md)
---

# Japan’s Q1 growth beats forecasts but energy shock looms

Faster-than-expected growth: Japan’s GDP grew 2.1% annualized in Q1, surpassing the 1.7% forecast, with gains in consumption, investment, and exports. Energy shock threat: Closure of the Strait of Hormuz has disrupted 20% of global oil supply, sending fuel prices soaring and raising inflation risks. Policy response watch: The Bank of Japan may hike rates in June as surging import costs pressure inflation and corporate profits.

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