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Japanese Q3 growth less than first thought


Japanese Q3 growth less than first thought


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.

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