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 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.