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Unexpected Q1 rebound saves Japan's economy from renewed recession

Annualised expansion of 1.7% in gross domestic product due mainly to exceptional factors

Consumer spending expanded by a real 0.5 per cent in the first three months of this year compared with the final quarter of 2015, boosted mainly by an increase in sales of television sets and spending on leisure activities.


JAPAN'S economy appeared to perform far better than expected during the first quarter of this year, with real or inflation-adjusted gross domestic product (GDP) expanding at an annual rate of 1.7 per cent instead of by the fractional 0.2 per cent or so which many economists had...