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Japan’s economic growth handily beat expectations in the July-September period

Japan’s economic growth handily beat expectations in the July-September period, expanding for a third straight quarter as exports recovered, but weak domestic activity cast doubt on hopes for a sustainable recovery. While GDP grew at an annualized 2.2% pace, household spending and capital investment were flat on quarter, despite efforts by Prime Minister Shinzo Abe to get companies to spend more of their cash.

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