Japan’s Economy Grows at 5.5% Annual Rate
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From Reuters
Japan’s economy grew at a 5.5% annual rate in the fourth quarter of 2005, more than expected, as it continued to recover amid strong domestic demand and a pickup in exports.
The country’s gross domestic product -- the value of goods and services it produces -- was up 1.4% from the third quarter, marking the fourth straight quarter of growth and the fastest since 1.5% in the first quarter.
Increases in both personal spending and capital spending, as well as in exports, propelled the latest quarter’s expansion.
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