Japan has revised up its growth numbers for the first three months of the year, adding to hopes of a recovery in the world’s third-largest economy.
The economy grew 1% between January and March, compared to the previous three months, indicating an annualised growth of 4.1%, the cabinet office said.
That is up from the initial estimates of 0.9% quarter-on-quarter growth.
The data follows a series of aggressive policy moves aimed at spurring growth in Japan’s economy.
The upward revision in the growth numbers helped lift investor morale, with the Nikkei 225 index jumping nearly 5%.
The surge was led by Japan’s major exporters, with shares in Toyota rising 8.5% and Sony up by nearly 7%.
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