TOKYO -- Japan's economy shrank a revised 1.0% in January-March, or an annualized pace of decline of 3.9%, the Cabinet Office said on Tuesday, with government spending falling less than expected due to new efforts against the coronavirus pandemic.
The figures were better than the initially estimated decline of 1.3% in gross domestic product, or an annualized rate of decline of 5.1%. The initial estimates were released on May 18.
