Japan’s Economy Grows Faster Than Initial Estimate

Japan’s economy expanded more than the government initially calculated in the third quarter because of a bigger-than-reported increase in capital spending.

Gross domestic product grew at an annualized 4.5 percent rate in the three months ended Sept. 30, faster than the 3.9 percent reported last month, the Cabinet Office said today in Tokyo. In nominal terms, the economy grew 2.6 percent, less than the 2.9 percent earlier projected, as price declines deepened.