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Japan’s Economy Grows as Investment Gains, Inventories Rise

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Japan’s economy expanded for a second straight quarter, beating forecasts as businesses increased spending and built up inventories after a recession last year.

Whether the 2.4 percent annualized gain in gross domestic product reported Wednesday can be maintained depends on consumers stepping in to buy the products that companies are piling up in warehouses. The median estimate of 28 economists surveyed by Bloomberg was for GDP to grow 1.6 percent in the three months through March from the previous quarter.