Japan upgrades Q1 GDP growth to annual 4.1 pct

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The Japanese economy expanded at an annualized rate of 4.1 percent during the first three months of 2013 in inflation-adjusted terms, the government said on Monday.

The January-March growth in real gross domestic product corresponded to a 1.0 percent rise from the previous quarter, the Cabinet Office said in a report.

The government said in the initial report on May 16 that the country's economy expanded a real 0.9 percent on quarter, or an annualized 3.5 percent, in the first quarter of this year, supported by robust consumer spending and an increase in exports.

Corporate capital spending was down 0.3 percent, upwardly revised from the 0.7 percent drop reported in the preliminary data.

Private consumption growth was unchanged at 0.9 percent.

Exports rose 3.8 percent, while imports increased 1.0 percent, the same as in the initial report. Endi

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