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Japan’s economy probably grew in the third quarter faster than estimated last month as the government adds higher corporate investment to its revised calculation.

The world’s second-largest economy expanded at a 2.3 percent annual pace in the three months ending September.

The basic reason for an upward revision in the GDP figures is because of capital spending,'’ said Hitoshi Asaoka, an economist at Mitsubishi Research Institute in Tokyo. (Source: Bloomberg)

Read the full article here

(Filed under: Markets )





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