Japan slashed its official figure for growth between July and September yesterday, suggesting recovery in the world's second largest economy is weaker than previously thought.
Growth in the three months compared with the previous quarter was revised down from 1.2 per cent to 0.3 per cent. At an annualised rate the revision was from 4.8 per cent to 1.3 per cent.
The revision came amid concerns the economy could slow or contract again by the second quarter of next year, prompting the government of Yukio Hatoyama, the prime minister, to announce a Y7,200bn ($81.4bn) fiscal stimulus on Tuesday.
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