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Economy

Japan's GDP creeps up 0.5% in November: JCER

Economy rebounds from drop tied to consumption tax hike

A street in Tokyo's Shinjuku district. Consumer spending recovered in November following October's tax hike.   © Reuters

TOKYO -- Japan's gross domestic product grew 0.5% on the month in November when adjusted for inflation, its first increase in two months, estimates published Tuesday by the Japan Center for Economic Research show.

This marked a recovery from the 2.3% drop in October, when Japan raised the consumption tax rate. Personal consumption increased 1.9%, lifting the overall figure. Public investment rose 0.8%, boosting overall domestic demand.

 

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