Japanese economic growth weaker than expected, hit by euro zone crisis, slowing China growth

Japan’s economy grew less than initially estimated in the second quarter as companies cut capital spending due to growing signs that Europe’s sovereign debt crisis and a slowdown in China’s economy are denting global demand.

Gross domestic product (GDP) rose a revised 0.2 per cent in April-June from the previous quarter, less than the median 0.3 per cent forecast and the government’s preliminary estimate of 0.3 per cent expansion.

via Business feed http://www.scmp.com/business/economy/article/1033267/japanese-economic-growth-weaker-expected-hit-euro-zone-crisis