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Japan's Cabinet Office released its final gross domestic product (GDP) data for Japan late Sunday. Japan's GDP increased by 1.0% in the first quarter, exceeding expectations for a 0.7% gain, after a 0.3% rise in the fourth quarter. The preliminary estimate was a 0.6% increase.

The upward revision was driven by a rise in business investment, which gained 2.7%, compared with the previous estimate of a 0.4% increase.

Household spending rose at 0.4% in the first quarter.

Exports gained 2.4%, while imports climbed 2.9%.

On a yearly basis, Japan's economy expanded at 3.9% in the first quarter, beating forecasts of 2.7% rise, after a 1.1% increase in the fourth quarter.



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