January-March figure revised to 0.2% shrinkage from 0.7%
A business district in the heart of Japan's capital. The nation faces a 24% U.S. tariff from July unless it can negotiate a lower rate. (Photo by Karina Noka)
TOKYO (Reuters) -- Japan's economy contracted less than initially estimated in t he January-March quarter, government data showed on Monday, with consumption figures revised upward at a time when uncertainty surrounding U.S. tariffs is clouding the outlook.
Gross domestic product shrank an annualized 0.2% in the three months through March 31, showed revised data from the Cabinet Office, rather than 0.7% announced on May 16 which matched economists' median forecast.
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