Japanese economy grows less than earlier estimated

DPA Updated - November 23, 2017 at 08:14 PM.

The Japanese economy grew at a 1.1-per-cent annual rate in the July-to-September period, revised down from an initial estimate of a 1.9-per-cent growth, the government said on Monday.

Corporate investment was flat, compared with a preliminary reading of a 0.2-per-cent increase, the Cabinet Office said.

The GDP data for the quarter was below the 1.5-per-cent growth predicted by a poll of economists by the Nikkei business daily.

Published on December 9, 2013 03:19