Japan's January-March growth revised up to 1.0% on-quarter: govt

Japan's economy grew much more than initially thought in the first quarter, revised data showed Monday, driven by stronger capital spending. The 1.0 percent expansion in January-March -- or 3.9 percent on annualised basis -- was sharply up from an initial estimate of 0.6 percent growth, according to the Cabinet Office figures. "Capital spending is the last piece of the puzzle, with exports and consumption showing signs of recovery," Atsushi Takeda, an economist at Itochu Corp., to