TOKYO (XFN-ASIA) - The Japanese economy grew at a faster pace than previously thought in the three months to December, expanding by 1.3 pct from the previous quarter, compared to the initial reading of 1.2 pct, a revised report from the Cabinet office showed.

On an annualized basis, the economy expanded 5.5 pct in the December quarter, also faster than the 4.8 pct growth reported earlier.

The gross domestic product deflator for the quarter fell 0.5 pct year-on-year, in line with the preliminary reading.

(1 usd = 118.37 yen)

kaori.kaneko@xfn.com

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