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Japan first quarter GDP missed expectations

By dailymail / Published on Sunday, 11 Jun 2017 06:10 AM / No Comments


Japan on Thursday said GDP for the first quarter came in weaker than expected with a 0.3 percent gain on quarter and at a 1.0 percent pace annually, with the year-on-year figure revised down from a preliminary estimate of a 2.2 percent growth

A Reuters poll of analysts saw quarter figures up 0.6 percent and the annual level at a gain of 2.4 percent. After the data, Japan’s cabinet office said its view the economy is in moderate recovery remains intact.