Mumbai, March 10 -- Japan's economy expanded an annualized real 1.3 percent in the October-December quarter, revised up from an initially reported increase of 0.2 percent, driven up by stronger business investment and private spending, government data showed Tuesday.
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 ...