[08 Dec 2013] Japan economic growth slowdown in July-September period more than estimated - English

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08 Dec 2013Japan economic growth slowdown in July September period more than estimated PTV Presstv English Japan revises down its growth rate as the economy slows down more than the government initial

Japan revises down its growth rate as the economy slows down more than the government initially estimated for the third quarter of 2013. Tokyo had initially predicted a 0.5 percent growth for the three months to September, but now it has revised it down to 0.3. This as, in the previous quarter, the east Asian country had seen a 0.9 percent growth. Many say the downward revision is mostly due to a downturn in corporate capital spending. Japan is the world\'s third largest economy.

Added by PTV on 09-12-2013
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