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Japan’s second-quarter GDP revised down to annualised 28.1% contraction

Japan’s economy shrank an annualised 28.1% in April-June, worse than the initial estimate of a 27.8% contraction, revised data from the Cabinet Office showed on Tuesday. The revised figure for gross domestic product (GDP) compared with economists’ median forecast for a 28.6% contraction in a Reuters poll. For background, please see this POLL: For the full tables on the Cabinet Office’s website: here

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