Japan economy avoids recession with 0.4% growth in first quarter
Japan economy
Tokyo - Arab Today
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Japan sidestepped a feared recession in the first quarter, preliminary data showed Wednesday, but the weak reading underscored how efforts to cement a firm recovery in the world's number three economy are stumbling. Gross domestic product expanded by a slightly better-than-expected 0.4 percent between January and March -- 1.7 percent at an annualised rate -- after a contraction in the last three months of 2015. |
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