May 20, 2015

Japan economy gathers pace in 1Q as housing investment rises

TOKYO (AP) — Japan's economy beat forecasts to expand an annualized 2.4 percent in the January-March quarter, its fastest pace in a year, helped by policy changes that boosted investment in new housing. The upbeat data released Wednesday contrasted with a slew of less positive signals for March and April that suggest the pace of growth will likely slow in the second quarter. "Looking ahead, a...

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