One percent growth, Japan

Japan's economic growth in the January-March period was severely revised down from the original estimate because of a downward adjustment in business inventories, the Cabinet Office said, underscoring the fragility of its export-led expansion.


Japan's economy, the world's third largest, expanded at an annualized rate of 1.0 percent in the January-March period, less than half the preliminary estimate of 2.2 percent growth, Cabinet Office data showed on Thursday.