Japan's GDP Downgraded to Annual 1.3% Rise
Japan's economy grew an annualized 1.3% in the July-September period in inflation-adjusted terms,
Tokyo - QNA
Japan's economy grew an annualized 1.3% in the July-September period in inflation-adjusted terms, a downgrade from a 2.2% expansion in preliminary data, partly reflecting a drop in corporate spending, the government said Thursday.
The country's gross domestic product expanded for the third straight quarter, but the pace of growth slowed from the previous period, signaling that the economic recovery remains moderate amid tepid domestic demand.
The results fell short of the average market forecast of 2.3% growth in Japan's News Agency (Kyodo) survey.
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