Japan's April-June GDP growth revised down to annualized real 2.9%

Japan's economy grew an annualized real 2.9 percent in the April-June quarter, revised down from an initially reported 3.1 percent, as private consumption and capital spending were not as high as previously thought, the Cabinet Office said Monday.Despite the downward revision, the figure marked the first growth in two quarters as the negative impact of a safety data-rigging scandal in the auto sector eased, helping to boost personal consumption.Real gross domestic product, adjusted for inflation, grew 0.7 percent from the previous quarter, compared with the preliminary reading of 0.8 percen…READ FULL ARTICLE