TOKYO, March 8 (Xinhua) -- The Japanese economy had grown an annualized 1.2 percent in the October-December period in inflation-adjusted terms, an upgrade from preliminary data, the government said in revised report on Wednesday.
The upgraded reading, however, fell short of median market analysts' expectations for growth of 1.6 percent in the fourth quarter, although noted that GDP here has now grown in the last 4 quarters.
In terms of real GDP expansion, which refers to the total value of goods and services produced domestically, the government said it equates to a 0.3 percent increase from the previous quarter.
The government had earlier said on Feb. 13 that Japan's economy expanded a real 0.2 percent from the previous quarter, which equates to a real or annualized 1.0 percent for the last quarter of 2016.
Consumer spending, the biggest component accounting for around 60 percent of Japan's total GDP, was all but flat at a 0.04 percent increase, upwardly revised from a 0.01 percent fall, the government said.
Corporate capital spending, meanwhile, stood at 2.0 percent, upwardly revised from the 0.9 percent as was reported in the government's preliminary data.
Exports came to 2.6 percent and imports were logged at 1.3 percent, with both categories remaining unchanged from the government's preliminary data.
The economy grew 0.4 percent quarter-on-quarter in the three months through December in nominal terms or unadjusted for price changes, upgraded from a 0.3 percent increase in the preliminary data, the government's latest report released Wednesday showed.
