Japan's GDP revised sharply higher, grew 2.7% in the first quarter on robust spending

Japan's system grew an annualized 2.7% successful the archetypal 4th of the year, expanding further than earlier estimates of 1.6% made past month, government information showed, arsenic the system continues to spot robust spending.

Economists surveyed by Reuters had expected to spot maturation of 1.9%. The Japanese yen strengthened by 0.14% to 139.98 against the U.S. dollar soon aft the release. Quarter-on-quarter, the system expanded by 0.7%, beating estimates by Reuters of 0.5%.

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