Japan GDP rises 0.5%


  • Business
  • Saturday, 15 Feb 2003

TOKYO: Defying gloomy expectations, Japan’s economy chalked up a surprisingly strong growth of 0.5% in the last three months of 2002, thanks to healthy exports and higher-than-expected demand at home. 

But the rare dose of good news was tempered by the slower pace of the expansion and the data failed to dispel doubts about the sustainability of the now year-long recovery. 

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