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Economy

Japanese real GDP rose 2% in March

TOKYO -- The nation's real gross domestic product likely grew 2% on the month in March, the Japan Center for Economic Research said Friday.

     Exports increased, mainly to the U.S. and China, while imports dropped significantly. External demand contributed 1.6 points to GDP growth.

     Consumer spending climbed 0.6%, marking the first growth in three months, with spending up for education as well as recreation. Housing investment was also solid.

(Nikkei)

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