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Post by bot on Mar 7, 2013 23:10:14 GMT -5
Japan revises GDP to show growth in Oct.-Dec. from MarketWatch.com - MarketPulse LOS ANGELES (MarketWatch) -- Japan's Cabinet Office on Friday revised the gross domestic product for October-December to show annualized growth of 0.2%, after the preliminary reading indicated a 0.4% contraction. Compared to the July-September quarter, GDP was flat, an upward revision from the original reading of a 0.1% drop. Meanwhile, a separate data release from the Finance Ministry showed Japan's trade deficit widened in January to 1.479 trillion yen ($15.6 billion) from December's ¥567.6 billion, as exports rose 6.7% from a year earlier, while imports rose 6.6%. The yen rose following the numbers, with the dollar easing to ¥94.90 after trading above ¥95 ahead of the data.
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