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Japan's economy grows annualized 1.4 pct in Oct.-Dec. period

Japan's economy expanded in the October-December quarter as the country recovered from a slew of natural disasters, the government said in a report on Thursday.

According to the Cabinet Office, the economy in the recording quarter grew at an annualized rate of 1.4 percent.

The figure for gross domestic product (GDP), the total value of goods and services produced in Japan during the quarter, follows a 2.6 contraction in the previous quarter on an inflation-adjusted basis, the government's preliminary figures showed.

Japan's economy expanded a real 0.3 percent on quarter, with private consumption increasing 0.6 percent and capital expenditure rising 2.4 percent.

Net exports, however, weighed 0.3 percentage point on GDP, the Cabinet Office said.

Unadjusted for inflation, GDP grew an annualized 1.1 percent and 0.3 percent on quarter.

(www.chinaview.cn 2019-02-15)