Japan Q1 GDP Revised Up To Annualized 3.9% Growth: Government

By Reuters on June 08 2015 1:15 AM EDT

The sun sets behind a factory in Kawasaki, south of Tokyo on Dec. 8, 2014. Reuters/Thomas Peter

Japan's economy expanded at an annualized pace of 3.9 percent in the first three months of this year, revised up from an initial estimate of 2.4 percent growth, government data showed on Monday.
The revised figure compared with a median market forecast for 2.7 percent growth in real, price adjusted-terms.
On a quarter-on-quarter basis, gross domestic product rose a revised 1.0 percent in January-March, compared with a preliminary reading of a 0.6 percent increase, the Cabinet Office data showed.