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. Last Updated: 07/27/2016

Japan Growth Revised




TOKYO -- Japan said Friday that its economy in the first three months of this year was stronger than it originally thought, temporarily jolting financial markets.


Japan's gross domestic product rose a revised 2 percent in real terms in the January-March quarter from the previous quarter, up from a 1.9 percent growth in the preliminary estimate, the Economic Planning Agency said.


On an annualized basis, GDP was also notched up to 8.1 percent from the earlier estimate of a 7.9 percent rise.


The unexpected upward revision in the January to March GDP boosted the yen against the dollar in morning Tokyo trade.