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Japan's economy grew at a slower rate than the previously estimated in Q4 as capital investment was revised lower, according to second preliminary data released by the Cabinet Office on Tuesday.
The economy expanded 2.8% q/q, or an annualized +11.7%, compared with the first preliminary estimates of +3.0% q/q and an annualized +12.7%.
Elsewhere in the revised data, capital investment rose 4.3% q/q, revised down from the 4.5% rise as seen in the preliminary release. The positive contribution from capital investments was unrevised at 0.7 percentage points.
Private consumption, which accounts for about 60% of Japan's GDP, was unrevised at +2.2% q/q, pushing overall GDP higher by an unrevised rounded 1.2 pps.
The contribution of net exports -- exports minus imports -- was revised to +1.1 percentage points from +1.0 pps.
Private-sector inventories to total domestic output contributed a revised to -0.6 percentage points from -0.4 pps, and the GDP contribution of public investment was unrevised at +0.1 pps.