Japan's gross domestic product expanded 1.2 percent in the first quarter of 2012 compared to the previous three months, the Cabinet Office said on Friday in a secondary reading. That beat forecasts for an increase of 1.1 percent following the 1.0 percent gain indicated in last month's preliminary reading.
On a yearly basis, GDP climbed 4.7 percent - also beating expectations for a rise of 4.5 percent after initially showing an increase 4.1 percent.
Nominal GDP collected 1.2 percent on quarter, topping forecasts for 1.1 percent and revised up from April's 1.0 percent gain.
The GDP deflator was down 1.3 percent on year versus forecasts for -1.2 percent, which would have been unchanged from the preliminary read.
by RTT Staff Writer
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