Japan&#39;s GDP growth revised down to 0.3 pct in 2nd quarter
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Japan&#39;s economic growth in the April-June period was revised down to 0.3 percent in real terms, dropping 0.1 percentage points from the previously released figure,the government said Friday.
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The Japanese economy is close to stagnation, according to revisions to official figures yesterday that cut the estimate of GDP growth to just 0.1 per cent.
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The economic growth rate in the July-September period was revised slightly downward from an already weak preliminary report, the government said Wednesday.
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Japan's economy expanded a weaker-than-expected 0.1 percent in the July-September quarter, as exports that had driven growth in past quarters barely rose, the government said Friday.
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The Bank of Japan&#39;s quarterly survey of business confidence confirmed that the world&#39;s second-largest economy is recovering at a steady pace, Economic and Fiscal Policy Minister Heizo Takenaka said.
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The U.S. economy grew at a weaker-than-expected 3.1 percent annual pace in the final quarter last year, its slowest since the beginning of 2003 as the country's trade performance deteriorated and inflation picked up, a government report on Friday showed.
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Japan's economy barely grew during the quarter ending Sept. 30 and in the April-June period it actually shrank instead of squeezing out slight growth, according to revised government data released Wednesday.
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The Japanese government downgraded its view on the economy slightly on Tuesday, citing weaker exports and output, but it said a recovery was continuing due to steady domestic demand, in terms of both personal consumption and capital spending.  "The economy continues to recover, while some weak movements have been seen recently," the government said in its monthly economic report.
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The U.S. economy grew at a  weaker-than-expected 3.1 percent annual pace in the final  quarter of 2004, its slowest since the beginning of 2003 as the  country's trade performance deteriorated and inflation picked  up, a government report on Friday showed.
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WASHINGTON -- Economic growth clocked in at a 2.6 percent pace in the spring, a weaker performance than previously estimated and a fresh sign the economy has shifted into a lower gear.
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Annual US economic growth fell to 2.8% in the second quarter of 2004, marking a slowdown from the 3% estimated a month ago.
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Japan's economy shrank 0.1 percent during the quarter ended Dec. 31, the government said Wednesday, as numbers were revised to show three straight quarters of contraction.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.
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The US gross domestic product grew only 2.2 percent last quarter.
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Japan&#39;s economy grew 0.3 percent in real terms in the April-June period from the previous quarter, the government said Friday, marking a surprise downward revision from the initially reported expansion of 0.4 percent.
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TOKYO  - Japan's economy shrank 0.1 per cent during the quarter ended Dec. 31, the government said Wednesday, as numbers were revised to show three straight quarters of contraction.
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Japan&#39;s economy grew 0.3 percent in April-June from the previous quarter, less than the 0.4 percent growth rate initially estimated, the government said Friday.