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Japanese economic growth surges on strong exports and tourism
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FILE - People walk at a pedestrian crossing in Ginza shopping district on March 31, 2023, in Tokyo. Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered. - photo by AP Photo/Eugene Hoshiko, File
TOKYO (AP) — Japan’s economic growth jumped at an annual pace of 6% in the April-June period, marking the third straight quarter of growth as exports and inbound tourism recovered. Real gross domestic product, which measures the sum value of a nation’s products and services, grew 1.5% in the fiscal first quarter for the world’s third largest economy, the Cabinet Office said Tuesday. The annualized pace shows what the growth would have been if what was marked during the quarter had continued for a year.