Japan cuts Q2 GDP on weak spending, wages slide
TOKYO (Reuters) -Japan's economy grew less than initially estimated in the second quarter and wages slumped in July, casting doubt over central bank projections that solid domestic demand will keep the country on course for a recovery. Capital expenditure and private consumption both fell in the April-June period, revised gross domestic product (GDP) data showed on Friday, underscoring the fragile state of Japan's economy, which is already facing headwinds from weakening Chinese and U.S. growth. Real wages adjusted for inflation fell in July for a 16th straight month in a sign hous...