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Japan's Q3 GDP blows past initial estimates as business investment surges

The world's third-largest economy grew an annualised 2.5 percent in July-September

Reuters  |  Tokyo 

Japan's economy grew twice as fast as originally estimated in the third quarter, thanks to a business spending splurge and buoyant exports, supporting the central bank's recent signals that it will shift away from crisis-era policy. The world's third-largest economy grew an annualised 2.5 percent in July-September, revised data showed on Friday, handily topping forecasts and beating the preliminary reading of a 1.4 percent expansion. The better growth numbers were bolstered by a significant upgrade in capital expenditure, driven in part by a surge in tourism following ...

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First Published: Fri, December 08 2017. 16:06 IST
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