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Japan GDP Climbs 0.5% On Quarter In Q1

Japan's gross domestic product expanded a seasonally adjusted 0.5 percent on quarter in the first quarter of 2019, the Cabinet Office said in Monday's preliminary reading.

That surprised to the upside, beating forecasts for a fall 0.1 percent and up from the downwardly revised 0.4 percent gain in the three months prior (originally 0.5 percent).

On an annualized yearly basis, GDP was up 2.1 percent - again exceeding expectations for a fall of 0.2 percent following the downwardly revised 1.6 percent gain in the previous three months (originally 1.9 percent).

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