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Japan gov't upgrades GDP to 0.7 pct growth in Q2

Xinhua, September 8, 2016 Adjust font size:

The Japanese government said Thursday that its economy grew an annualized 0.7 percent in the April-June quarter in inflation-adjusted terms, marking a minor increase from its preliminary report released last month.

The expansion of Japan's economy, the third-largest in the world, in real gross domestic product, the total value of goods and services produced domestically, corresponded to a 0.2-percent increase from the April-June period, the Cabinet Office said on Thursday.

On Aug. 15, the government said in a preliminary report that Japan's economy grew an annualized real 0.2 percent in the reporting quarter. Endit