Japan’s economy expanded less in the second quarter than initially reported, as growth in business investment was revised lower. Gross domestic product grew at an annualized pace of 1.3% in the three months through June from the previous quarter, revised Cabinet Office data showed Monday. That compared with a preliminary reading of 1.8%. The revised figure matched economists’ median estimate. Key Insights • Consumer spending has helped drive growth this year as exports have fallen due to a slowing global economy and the U.S.-China trade war. Private spending is expected to continue to increase through the third ... (full story)