Japan's economy grew an annualized 2.5 percent in the April-June period with the figure being downwardly revised from a preliminary estimate of 4.0 percent growth, owing to a weaker-than-expected rise in capital spending, data from the Cabinet Office showed on Friday.
The revised GDP figure also missed median market expectations for 2.8 percent growth, with growth in private consumption, a vital driver in the world's third-largest economy, revised down from an initial 0.9 percent to 0.8 percent.
The expansion in real gross domestic product adjusted for inflation on a quarter-on-quarter bases was also lower than the preliminary figure after being revised to a 0.6 percent increase, down from a preliminary 1 percent increase.
The government initially said in a preliminary report released on Aug. 14 that the economy here grew an annualized 4.0 percent in real terms, or 1.0 percent from the previous quarter in real terms.
While government officials said that the revised data shows that the economy has expanded for a sixth straight quarter, the poor figures for corporate capital spending indicates a degree of resistance in companies investing in the short-to-mid-term future, analysts here remarked Friday.
Corporate capital spending rising just 0.5 percent in the April-June period, down from 2.4 percent in the preliminary data, is a testament to this, analysts said.