TOKYO: Japan’s economy expanded at the fastest pace in a year in the first quarter, thanks in part to a leap year consumption boost, but analysts say the rebound was not strong enough to dispel concerns over a contraction in this quarter.
With private consumption making only a feeble recovery from last quarter’s slump, the data kept alive market expectations that Prime Minister Shinzo Abe would delay a scheduled sales tax hike next year, analysts said.
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