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TOKYO - Japan's economy grew 0.8 per cent in January-March from the previous quarter, the government said today, more than an initial estimate of a 0.6 per cent expansion.
The revised growth in gross domestic product (GDP) for the first three months of this year in real, price-adjusted terms matched economists' consensus forecast of a 0.8 per cent rise.
It translated into an annualised expansion of 3.3 per cent, compared with a preliminary reading of 2.4 per cent growth and economists' median forecast for a revision to a 3.1 per cent rise.
For the fiscal period ended March 31, the economy grew a real 2.1 per cent compared with 2.4 per cent in the previous fiscal year.
- REUTERS
