TOKYO — Japan’s financial system expanded at a slower tempo than initially estimated within the April-June quarter because of weaker-than-expected capital spending, revised authorities knowledge confirmed Friday.
The world’s third-largest financial system after the U.S. and China grew 4.8% on an annualized foundation within the second quarter, in contrast with the 6% enlargement recorded within the preliminary estimate launched in mid-August.
The revised figures confirmed that capital expenditures fell 1% from the earlier quarter, in contrast with the flat studying within the preliminary knowledge.
Source web site: www.marketwatch.com
