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Economy

Japan's real GDP likely up 2% in February: JCER

Autos led growth in exports, domestic consumption

TOKYO -- Japanese real gross domestic product rose 2% on the month in February, the Japan Center for Economic Research estimated Tuesday.

The second straight month of growth was driven by a 6.4% jump in exports as automobiles and other products scored sharp gains.

Consumer spending inched up 0.2%, buoyed by strong sales of new cars.

Housing investment climbed 2.7%. But capital spending fell 1.1%, partly on sluggish investment in machinery.

(Nikkei)

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