Japan’s revised Q1 GDP seen falling less than first reported on capex upgrade By Reuters

By Tetsushi Kajimoto TOKYO (Reuters) – The Japanese economy likely contracted at a slightly slower pace than initially reported in January-March due to upgrades to capital spending figures, a Reuters poll showed on Friday, although risks continue to cloud the outlook. Economists expect growth to return this quarter, helped by tax cuts and wage hikes, but higher import costs due to a weaker…