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Economy

Japan's real GDP up 0.7% in July: JCER

TOKYO -- Japan's real gross domestic product rose 0.7% on the month in July, marking a third straight month of growth, according to estimates released Monday by the Japan Center for Economic Research.

     Consumer spending edged down 0.3% and housing investment slid 2.2%.

     Capital spending increased for the first time in four months, climbing 1.9%, thanks in part to higher shipments of factory machinery.

     Public works spending grew 0.6% with the implementation of measures from the supplementary fiscal 2013 budget.

(Nikkei)

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