Japan’s economy grows for 7th straight quarter
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From Reuters
Japan’s economy expanded 0.5% in the third quarter compared with the preceding quarter, equivalent to an annualized growth rate of 2%, thanks to brisk exports and firm capital spending.
Financial markets expected growth of 0.2%, or an annualized expansion of 1%.
The pace of growth picked up after the revised 0.4% expansion in the second quarter.
It was the seventh straight quarter of expansion.
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