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Japan first quarter GDP grows by 2.1 percent due rise in net exports

japan trade exports

On Monday, according to government data, Japan has seen an economic growth rate of over 2.1 percent in the last quarter. The country has seen growth due to the rise in net exports which is higher than the same time last year.

According to a leading analyst, the initial reading of the first quarter GDP went up by 0.2 percent on a yearly basis. In the quarter, which ended in December, Japan saw a 1.6 percent rise in GDP.

According to Japan’s Cabinet office, the GDP rose by 0.5 percent from the last quarter of 2018 when compared to the median flat reading estimate.

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