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Japan GDP grows for 8th straight quarter in longest streak for 28 years

Private consumption spurs economy to 0.5% annualized rise

Steady improvements in private consumption and capital expenditures helped Japan's economy grow for the eighth consecutive quarter.

TOKYO -- Japan's economy expanded moderately for the three months ended December, the eighth straight quarter of growth, thanks to steady improvements in private consumption and capital expenditures, according to preliminary data released Wednesday by the Cabinet Office.

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