September 7, 2014 / 11:59 PM / 5 years ago

RPT-Japan Q2 GDP revised down to annualised 7.1 pct contraction

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TOKYO, Sept 8 (Reuters) - Japan’s economy shrank an annualised 7.1 percent in April-June from the previous quarter, revised down from a preliminary 6.8 percent contraction due to weaker-than-expected capital spending, Cabinet Office data showed on Monday.

The revised contraction was the biggest since a 15.0 percent decline marked in January-March 2009. The result compared with a median forecast for a 7.0 percent contraction in a Reuters poll of economists.

On a quarter-on-quarter basis, the economy shrank 1.8 percent in the second quarter, compared with a preliminary reading of a 1.7 percent contraction. The result matched the median market forecast. (Reporting by Leika Kihara; Editing by Chris Gallagher)

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