Japan’s GDP growth downgraded to annual 1.1%

Japan’s economy grew at an annualized rate of 1.1 percent in the third quarter of 2013 in inflation-adjusted terms, downgraded from preliminary data against the backdrop of a downward revision to capital spending, the government said Monday…
Corporate capital spending, which Prime Minister Shinzo Abe’s Cabinet views as key to economic recovery, was flat from the previous quarter, downwardly revised from the 0.2 percent rise reported in the preliminary data. (continue reading..) Japantimes.co.jp

Japan has revised down its growth data for the July-to-September period, after private investment slowed more than expected. The government said the economy grew 0.3% during the period, down from its initial estimate of 0.5% expansion. Japan has unveiled a series of aggressive measures to try to revive the economy after years of stagnation…(continue reading) BBC.CO.UK


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