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Japan's economy seen climbing for seventh straight quarter

Think tanks project growth outpacing underlying potential in July-September

The Japanese economy continues to outperform the underlying long-term fundamentals.   © Reuters

TOKYO -- Japan's economy likely achieved annualized growth of around 1.5% during the three months ended in September for a seventh quarter of uninterrupted expansion, private sector estimates released Tuesday show.

The growth projection for real gross domestic product, representing the average from 10 think tanks, comes ahead of preliminary third-quarter numbers that the Cabinet Office will publish Nov. 15. The 1.5% pace exceeds the economy's potential growth rate -- the underlying capacity to expand based on a longer-term perspective -- of around 1%.

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