Japan's GDP growth in Q2 revised down to 4.8% on capex fall

World's 3rd-biggest economy buoyed by exports, but domestic demand stays weak

20230907 Commuters in Tokyo

Commuters near Tokyo station on July 27. (Photo by Nanami Sato)

CHIHIRO ISHIKAWA, Nikkei staff writer

TOKYO -- Japan's gross domestic product growth in the April-June period was revised down from a preliminary forecast due to weak capital spending, but the world's third-biggest economy maintained a third straight quarter of expansion.

The revised expansion of an annualized 4.8% from the previous quarter compares with the initial 6.0% released in August, the Cabinet Office announced on Friday. A Reuters poll of economists projected a growth rate of 5.5%.

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