Economic Buzz: Japan economy expands 1.3% in Oct-Dec
It marked the first expansion in two quarters. Real gross domestic product, adjusted for inflation, grew 0.3 percent from the previous quarter, compared with an initial estimate of a 0.1 percent increase, the Cabinet Office said.
In the latest GDP data, capital spending rose 1.3 percent in the three months through December, revised up from a 0.2 percent increase, while public investment was upgraded to a 0.5 percent dip from a 1.3 percent decline.
Private consumption, which accounts for more than half of GDP, grew 0.3 percent in the October-December period, in an upward revision from a 0.1 percent climb.
The revision was due to reduction in the margin of decline for spending on toys, games, fisheries and outlays for dining, a Cabinet Office official said.
Exports and imports both slid 0.3 percent, unchanged from the preliminary reading.
Nominal GDP expanded an annualized rate of 3.5 percent, revising up from a 2.3 percent gain reported earlier.
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