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... Show More >>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.
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