Revisions Confirm Japan GDP Contraction, Backing BOJ Caution
Japan's economy contracted in the first quarter of the year by less than initially estimated on better inventory and consumption figures, while still backing caution by the Bank of Japan as it weighs its policy path amid heightened uncertainty.
Gross domestic product shrank at an annualized pace of 0.2% in the three months through March, the Cabinet Office said Monday, compared with a 0.7% retreat in preliminary data. Economists had expected that initial figure to stand.
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