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Japan GDP up 2.9% in February before coronavirus: JCER

Sharp drop in imports translates into growth boost

An industrial port in Tokyo: Japan's imports fell sharply in February.   © Reuters

TOKYO -- Japan's gross domestic product grew 2.9% in February from the previous month, owing mostly to technical factors, according to estimates published Wednesday by the Japan Center for Economic Research.

The inflation-adjusted gain was the first in two months. A steep 9.3% drop in imports coupled with a rise in exports created a wide trade surplus that lifted GDP. Domestic demand remained low.

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