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GDP Growth Upwardly Revised to 3.1%

6, 12. 2006

Japan’s GDP for the first quarter of 2006 grew 0.8% from the previous quarter, according to the revised estimates in real price-adjusted terms announced by the Cabinet Office on Jun. 12. The annualized growth rate is 3.1%

The figures were revised upwardly compared to the preliminary estimates announced in May. This change was made by the significant expansion in equipment investments, clarifying Japan’s economic recovery.

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