Japan downgrades Q2 GDP growth on soft capital spending
newscatcher
2023-09-08 01:31
Japan downgrades Q2 GDP growth on soft capital spending
Customers browse through locally caught seafood at the Hamanoeki Fish Market and Food Court in Soma, Fukushima Prefecture, Japan, Aug 31, 2023. REUTERS/Kim Kyung-Hoon/File photo TOKYO  – Japan's economy grew less than initially estimated in the second quarter as capital expenditure slid, revised government data showed on Friday, suggesting heightening overseas uncertainties are weighing on business confidence. The data highlights the fragile nature of Japan's economic recovery, as exports face headwinds from slumping Chinese demand and the fallout from aggressive U.

https://business.inquirer.net/419807/japan-downgrades-q2-gdp-growth-on-soft-capital-spending

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