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Japan's economy grows more than expected on strong exports and moderate consumption

  • Japan's economy grew at an annual rate of 2.8% during October-December, driven by steady exports and moderate consumption, as reported by the Cabinet Office.
  • The economy marked its fourth consecutive year of expansion, with private consumption growing at an annual rate of 0.5% during the same period.
  • Exports increased by 4.3%, positively impacting financial markets in Japan and Asia.
  • The Bank of Japan may increase interest rates further due to stronger growth and inflation meeting its target.
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  • 43% of the sources lean Left
43% Left
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Kyodo News+ broke the news in Japan on Sunday, February 16, 2025.
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