Japan revised it's gross domestic product (GDP) figures for the October-December period down by 0.9 percentage points from the previous quarter to 3.8 percent, the Cabinet Office announced on Thursday.
The increase in domestic demand was also revised down by 0.2 points to 0.4 percent, while private demand was cut to 0.4 percent from 0.7 percent.
The revision suggests that Japan still has to remain cautious on the economy, despite more optimism on conditions recently.
The downward revision comes amid a series of government and Bank of Japan (BOJ) plans to try to keep spending up, and suggests that the effects of various stimulus measures put in place may be starting to wear off.
The decrease in GDP on the second estimate is not as drastic as a December revision to the previous quarter's GDP, in which the Cabinet Office announced that their earlier estimate of 4.8 percent growth had to be cut by 3.5 percentage points. After that huge revision, the government started to look for new and more precise ways to measure GDP.
GDP is the total value of goods and services produced domestically, and is a key measure of the health of the economy.
Source:http://news.xinhuanet.com