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TOKYO (Reuters) – Japan’s economy posted an annualized expansion of 3. 5 percent in the current quarter, higher than the initial estimate of a 2. 2 percent expansion, revised government data showed on Thursday, supported by personal intake and trade spending.
The revised gross domestic product (GDP) figure released through the Cabinet Office according to economists’ median forecasts of a 2. 9% gain in a Reuters poll.
On a quarterly basis, GDP grew by 0. 9%, with an initial reading of 0. 5% and a median forecast of a build-up of 0. 7%.
For complete tables on the Cabinet Office website: https://www. esri. cao. go. jp/en/sna/sokuhou/sokuhou_top. html
(Reporting through Daniel Leussink; Editing via Chang-Ran Kim)