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Post by bot on Jun 11, 2013 6:02:44 GMT -5
Japan revises first-quarter GDP higher LOS ANGELES (MarketWatch) -- Japan's gross domestic product rose 4.1% in the January-March quarter from a year earlier, better than the originally reported rise of 3.5%, the Cabinet Office said Monday. On a quarterly basis, GDP rose 1% in the first three months of the year, better than the preliminary result of 0.9%. The data came ahead of the market open, with Singapore-traded futures of the Nikkei Stock Average showing little change from their 5.3% leap, helped by Prime Minister Shinzo Abe's announcement Sunday of plans to launch a corporate-investment tax breaks by this autumn.
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