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Japan's GDP grew 0.6 pct in April-June quarter.

Europe Intelligence Wire

| August 12, 2003 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Agence France Presse)

Japan's gross domestic product (GDP) grew a stronger than expected 0.6 percent in the three months to June from the previous quarter, as SARS fears restrained travel and helped boost spending at home, the Cabinet Office said.

On an annualized basis, real GDP expanded by 2.3 percent in the world's second-biggest economy on the quarter, the sixth straight month of growth.

"This is a little bit higher than I expected," said Heizo Takenaka, the minister in charge of economic policy. "The economy is gradually moving to a different plane."

The figure compared with a revised 0.3 percent growth for the January-March …

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