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Japan's economy grew faster than expected in Q4

Staff Writer | March 8, 2017
Japan's economy grew at a faster pace than initially estimated in the October-December quarter.
Japan economy
Economy in Asia   Firms boosted their capacity
The nation's gross domestic product, the broadest measure of economic activity, grew from the previous quarter at an annualized pace of 1.2%, according to government data. A preliminary estimate put fourth-quarter growth at 1.0%.

The updated GDP figures showed that investment by firms grew 2.0% instead of the initially estimated 0.9%.

Firms boosted their capacity to produce smartphone components for shipment to China, while automakers also upgraded their production lines to develop new vehicle models.