Japan's economy contracts 0.3% in Q4: revised data

Japan's economy contracted less than initially thought in the last quarter of 2015, revised data showed Tuesday, as corporate spending picked up, although the outlook for this year remained bleak. The Cabinet Office said gross domestic product shrank 0.3 percent in October-December period, not quite as bad as an original estimate of a 0.4 percent contraction. The weak data also boost the chances of more easing measures from the Bank of Japan to prop up the economy.