Japan's has cut its estimate for its economic growth in the last quarter of the year to a 2.2% annual pace from 2.8% as consumer spending hit demand.

Japan's economy expanded an annualized real 2.2 percent in the October-December quarter, compared with initially reported growth of 2

Japan's economy expanded in the October-December quarter at a slower pace than initially reported, government data showed on Tuesday, weighed by weaker consumption but still likely supporting the case for further interest rate hikes.