Japan revises GDP growth to annual minus 1.1 pct in Q4 2015

The Japanese government on Tuesday revised the world's third largest economy's growth to an annualized 1.1 percent decline in the last quarter of 2015 from a reading of a minus 1.4 percent released last month in a preliminary report.

The economy shrink in real gross domestic product corresponded to a 0.3 percent fall from the previous quarter, said the Cabinet Office.

The government said in the preliminary report that weak private consumption, which accounts for about 60 percent of the country's GDP, is a main factor that dragged down the country's economy. Endit