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Economy

Japan February GDP up 0.3% on steady exports to China: JCER

Private consumption also rose 0.2% despite omicron COVID wave

Japan's GDP marks its first expansion in three months, according to the latest JCER report. (Photo by Kai Fujii) 

TOKYO -- Japan's seasonally adjusted real gross domestic product grew 0.3% in February from January as exports to China expanded, the Japan Center for Economic Research said in a report released on Wednesday, marking the first expansion in three months.

January's growth rate fell 1.5% from the previous month. Based on the average figures for the first two months of 2022, the think tank now expects a 3.4% drop for the January-March quarter from the October-December period.

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