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Economy in Asia   Firms boosted their capacity

Japan's economy grew faster than expected in Q4

Japan economyJapan's economy grew at a faster pace than initially estimated in the October-December quarter.

The nation's gross domestic product, the broadest measure of economic activity, grew from the previous quarter at an annualized pace of 1.2%, according to government data. A preliminary estimate put fourth-quarter growth at 1.0%.

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READ MORE Japan economy expands at 2.2 percent annual pace in January-March

The updated GDP figures showed that investment by firms grew 2.0% instead of the initially estimated 0.9%.

Firms boosted their capacity to produce smartphone components for shipment to China, while automakers also upgraded their production lines to develop new vehicle models.

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