BREAKING NEWS

BREAKING NEWS

Japanese Q3 growth less than first thought

Now Reading:

Japanese Q3 growth less than first thought

Text size Aa Aa

Revised figures show Japan’s economy grew at a far slower pace in the third quarter than previously thought as capital spending fell.

Gross domestic product grew by 0.3 percent from July to September.

The Japanese government’s preliminary estimate was of 1.2 percent growth.

But economists said a double-dip recession is unlikely as exports rebound and corporate spending shows signs of resuming.