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Economy

Japan's GDP bounced back in April: JCER

Reading inched up on healthy domestic demand

TOKYO -- The Japanese economy apparently grew slightly in April after contracting the month before, with internal demand picking up the slack for weak exports.

Real gross domestic product expanded 0.04% on the month in estimates released Thursday by the Japan Center for Economic Research. Domestic demand was strong in both the public and private sectors. Personal consumption rose 0.7%, thanks in part to a recovery in new-vehicle sales volume since March.

Housing investment climbed 1.7% amid a flurry of starts. Government outlays grew 0.1%.

Meanwhile, exports slid 1.6% on faltering demand from the European Union and the Association of Southeast Asian Nations.

(Nikkei)

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