Japan's Q2 GDP revised down to annualized 28.1% contraction

TOKYO -- Japan's economy contracted by a revised 7.9 % in the April-June period compared with the preceding quarter, producing an annualized rate of decline of 28.1%, the Cabinet Office said Tuesday.

A preliminary estimate of a 7.8% contraction had suggested an annualized pace of decline of 27.8%. The revision announced Tuesday factored in new data about business investment.