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Japan revises downwards April-June growth to 0.2%

Published on Sep 10, 2012 8:40 AM
 
Japan on Monday said its economy grew by 0.2 per cent in the April to June quarter from the previous three months, revising downwards a preliminary figure of 0.3 per cent growth. -- PHOTO: REUTERS

TOKYO (AFP) - Japan on Monday said its economy grew by 0.2 per cent in the April to June quarter from the previous three months, revising downwards a preliminary figure of 0.3 per cent growth.

On an annualised basis, the economy grew a revised 0.7 per cent in the quarter, lower than a preliminary 1.4 per cent rise, according to figures from the Cabinet Office.

Capital spending was revised slightly downwards to a 1.4 per cent increase from the previous quarter. The preliminary figure showed an expansion of 1.5 per cent.

Private consumption, which accounts for about 60 per cent of gross domestic product, was unchanged from the initial estimate of a 0.1 per cent gain.