TOKYO — Japan’s economy expanded at a slower pace than initially estimated in the April-June quarter due to weaker-than-expected capital spending, revised government data showed Friday.
The world’s third-largest economy after the U.S. and China grew 4.8% on an annualized basis in the second quarter, compared with the 6% expansion recorded in the preliminary estimate released in mid-August.
The revised figures showed that capital expenditures fell 1% from the previous quarter, compared with the flat reading in the preliminary data.
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