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Economy continues to grow The economy expanded for the seventh straight quarter in the second fiscal quarter, as robust corporate investment added to a boom that's growing to be the longest stretch of expansion for the nation since World War II. The world's second-largest economy grew at an annualized 2.0 percent for the July-September period, or at a pace of 0.5 percent on quarter, according to government data released Nov. 14, beating the forecast by economists surveyed by Dow Jones Newswires for a 1.1 annualized gain, or 0.3 percent on quarter rise. The healthy reading matches the continuous growth Japan marked during its years of modernization in the 1960s, but the recent expansion has been far more moderate.
The Japan Times Weekly: Nov. 18, 2006 |
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