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Japan’s Growth Slows More Than Forecast to 1.1% on Investment

Japan’s growth slowed more than initially estimated in the third quarter and the current account unexpectedly fell into deficit in October, highlighting headwinds for Abenomics.

Gross domestic product expanded an annualized 1.1 percent from the previous quarter, a revision from 1.9 percent, the Cabinet Office said today in Tokyo. The shortfall in the broadest gauge of trade was 128 billion yen ($1.2 billion), the Finance Ministry said. Only four of 23 economists surveyed by Bloomberg News forecast a deficit.