Japan downgrades growth estimate
TOKYO — Japan’s economy grew at a slower pace than earlier estimated in the July to September quarter, expanding at an annual pace of 1.3 percent. The figure released Thursday downgraded a preliminary estimate of 2.2 percent growth in the last quarter. Quarterly growth was 0.3 percent, down from the earlier reported 0.5 percent. The figures were below what analysts were expecting, but still showed three straight quarters of growth.