Japan economy contracts 0.3% in Q4 – revised data

TOKYO: Japan’s economy contracted less than initially thought in the last quarter of 2015, revised data showed on Tuesday, as corporate spending picked up, although the outlook for this year remained bleak.

The Cabinet Office said gross domestic product shrank 0.3 percent in October-December period, not quite as bad as an original estimate of a 0.4-percent contraction.