Japan's economy expanded in July-September at a faster pace than initially reported thanks to upward revisions in capital investment and exports, keeping alive market expectations for a near-term interest rate hike by the central bank.

Japan’s economy grew by 0.3% quarter-on-quarter in the three months to September, surpassing the preliminary estimate and market expectations of 0.2%, the final figures revealed. This marked the second consecutive period of quarterly growth,

The Japanese economy grew more quickly than initially estimated in the July-September quarter, fueling expectations that the Bank of Japan will raise interest rates soon and lending further strength to the yen.

Japan's economy expanded in July-September at a faster pace than initially reported, thanks to upward revisions in capital investment and exports. Gross domestic product rose an annualised 1.2% in the three months to September,

Fresh data show Japans third-quarter economy picking up more steam than initially thought, powered by investment and export gains. Yet the lingering weakness in spending leaves a December rate hike uncertain,