Japan's economy contracted less than initially reported in January-March, due to upgrades in capital expenditure, government data showed on Monday. Analysts expect the Japanese economy to have bottomed out in the first quarter, although a stubbornly weak yen and disruptions at major automaker plants continue to weigh on the outlook. Japan's GDP shrank a revised 1.8 per cent annualised in the first quarter from the previous three months, Cabinet Office data showed on Monday, versus economists' median forecast for a 1.9 per cent contraction and a 2.0 per cent decline in the preliminary estimate. The revised figure ... (full story)