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Economy

Japan's GDP ticked up in October on strong exports: JCER

Economy grew 0.2% on the month

TOKYO -- Japan's real gross domestic product in October inched up 0.2% from the month before, driven mainly by healthy exports, the Japan Center for Economic Research said Monday.

Exports grew 2.5% overall, jumping by 4.2% to the European Union. Gains were also seen in exports to the rest of Asia and the U.S.

An 0.8% rise in private-sector capital expenditures also propelled the economy. Meanwhile, personal consumption and housing investment both slipped 0.1%.

(Nikkei)

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