Japan’s third quarter economic growth revised sharply down; Economy contracted in nominal terms
Dec 9th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Japan’s third quarter economic growth was revised sharply down, according to data released today. The cut to less than a third of the original estimate, resulted from a plunge in business capital spending in the three months to September 2009. Allowing for deflation, the economy contracted in nominal terms.