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Japan’s Q3 Growth Revised Downward

Japan’s Economy Grew much slower than Initially Estimated in the third quarter of the year, figures have revealed, as business investment fell.

The Cabinet Office said the economy grew 1.3% in the three months to the end of September, compared to the same period a year ago.

However, that was sharply lower than the previous estimate of 2.2%.

The new data indicated that investment by companies in the quarter had been weaker than initially estimated.
Capital expenditure fell 0.4% in the quarter, as steel and real estate companies reduced investment.

However, consumer spending was revised up, while separate data showed improving sentiment in the services sector.

via BBC

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Japan’s Q3 Growth Revised Downward


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