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“Japanese GDP Exceeds Expectations in Q1 2023, Boosts Tourism Sector”

Official data showed that the Japanese gross domestic product rose in the first quarter of the year 2023 by 0.4%, in growth that exceeded expectations and partially contributed to the recovery of the tourism sector, after the lifting of restrictions related to the Covid pandemic.

And after the Japanese GDP growth rate in the last three months of last year was zero, experts expected that the economy would grow in the first quarter by only 0.2%, but the result was twice that number, according to Agence France-Presse.

In early trading on the Tokyo Stock Exchange, the Nikkei index rose 0.41 percent, or 123.44 points, to reach 29,966.43 points, while the broader Topix index gained 0.11 percent, or 2.32 points, to reach 2129.50 points.

2023-05-17 04:47:43
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