Posted inEuropean Union, Japan, Middle East, Northeast Asia, World

Japan’s second quarter GDP revised down from stellar first reading

Japan’s economic growth in the second quarter was much slower than seen in a stellar preliminary reading, government data showed on Friday, confounding hopes for a long awaited pick-up in domestic demand. The downgrade was widely expected after data used to revise gross domestic product (GDP) figures showed capital spending growth in April-June slowed from […]

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