Japan's economy grew an annualized real 4.9 percent in the January- March quarter for the fourth consecutive quarter of expansion, the government said Thursday.
The expansion, as measured by gross domestic product, corresponds to a 1.2 percent growth from the October-December quarter, the Cabinet Office said in a preliminary report.
The figures compare with the average market forecasts of an annualized 5.6 percent increase and 1.4 percent quarterly growth in a Kyodo News survey.
GDP is the total value of goods and services produced domestically. Real GDP data are adjusted for price and seasonal variations.
Japan's GDP in fiscal 2009 that ended March 31 shrank 1.9 percent from the previous year.
In the latest quarter, consumer spending -- which makes up about 60 percent of Japanese GDP -- increased a real 0.3 percent from the October-December period.
Corporate capital spending rose 1.0 percent.
Public investment decreased 1.7 percent.
On an unadjusted nominal basis, GDP rose an annualized 4.9 percent in the reporting period, which corresponds to a 1.2 percent expansion from the previous quarter.
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