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Economy

Japan's GDP growth seen speeding to 1.6% for fiscal 2017

Exports and investment provide lift as strong equities encourage consumers

Japan's strong automobile exports helped it attain 1.4% annualized GDP growth in July-September.   © Reuters

TOKYO -- Economists see Japan's real economic growth continuing to surpass predictions, averaging out to 1.6% this fiscal year thanks to factors like strong exports and businesses investing in labor-saving measures.

The 1.6% figure is the average of 10 private-sector economists' forecasts, compiled Wednesday. It would mark a third straight year of positive growth, up from last year's 1.3%.

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