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Japan's October GDP flat despite domestic demand lift: JCER

Car sales a bright spot, but balance of payments deficit among headwinds

Japanese private consumption grew 0.7% in October but import surge weighed down overall growth.   © Reuters

TOKYO -- Japan's seasonally adjusted gross domestic product remained flat in October from the previous month with growth in domestic demand offset by negative impacts from external factors, the Japan Center for Economic Research said on Monday.

If GDP growth for the rest of the October and December continues at the same rate, Japan's economy will expand by 2.3% in real terms in the final quarter compare to the July to September period, the think tank said.

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