Japan's first quarter economic growth revised to 1%

  • The Japanese economy’s growth in the first three months of 2015, compared to the previous quarter, has been revised from the earlier estimate of 0.6% to 1%, according to official government data.

    On an annualized basis, the first quarter growth was 3.9%, up from the 2.4% preliminary reading.

    According to the revised figures, the first quarter growth is at a two-year-high for Japan.

    However, the country’s current account, which measures trade, was below expectations in April though it continued to hit a surplus.

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