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Sunday, November 15, 2009
Japan GDP +1.2% In July-Sept; +0.6% Expected
By Lisa Twaronite
MarketWatch Pulse
TOKYO -- Japanese gross domestic prodcut for the July-September quarter rose much more than economists had expected, government data released Monday showed. GDP rose 4.8% in real terms on an annulized basis, compared to a consensus forecast of 2.2% by economists surveyed by Dow Jones Newswires. GDP rose 1.2% from the April-June quarter, compared with an expectation for 0.6% growth, boosted by the government's stimulus steps. The data showed that corporate capital investment rose for the first time in six quarters, up 1.6%.
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