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Japan's economy grew for the eighth straight quarter at the end of 2017, government data showed today, the longest period of expansion since the boom days of the late 1980s.
But the growth fell short of market expectations for a rise of 0.2 per cent and represented a slowdown from the 0.6 per cent in the preceding July-September quarter.
At an annualised rate, the world's third largest economy grew 0.5 per cent.
The gains were driven by upturns in consumer spending as well as increased investment by Japanese firms on equipment and facilities.
Exports rose but imports increased at a faster pace.
The Japanese economy has enjoyed a period of export-driven growth, helped by a recovering global economy.
It has also got a shot in the arm from domestic demand spurred by infrastructure upgrades ahead of the 2020 Olympic Games.
However, with wage growth and consumption persistently lukewarm, the world's third-largest economy is still battling deflation.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)