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Japan’s Economy Grows Faster Than Estimated on Investment Gains

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Japan’s economy grew at a faster pace than initially estimated in the first quarter, on a stronger pickup in business investment and inventory buildup.

Gross domestic product expanded an annualized 3.9 percent, more than a preliminary 2.4 percent, according to revised data from the Cabinet Office. The median forecast of 26 economists surveyed by Bloomberg was for 2.8 percent growth.