Japan’s economy grew less than the government’s preliminary estimate in the second quarter, weighed down by a revision in capital expenditure by companies.
A decline in private capital expenditure was the largest factor in the revision to Japan’s second-quarter growth. Ministry of Finance data, which were used in the figures released Friday, had foreshadowed that business investment would prove much weaker than previously thought. Still, Japan has maintained a sixth consecutive quarter of growth, the longest run of economic expansion since 2006, and it appears on course to continue this trend in the current.
