Japanese economy grows more than previously estimated

Source: Bloomberg
© Scanpix/Reuters
Economic growth in Japan has been stronger than forecasted initially in the first quarter of this year, as investment and consumer spending jumped. GDP advance reached 6.7% in January-March on the annual basis, while the preliminary reading showed a 5.9% rise. Among components, business investment climbed as much as 7.6%, while consumer spending increased 2.2%.
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