TOKYO (AP) — The Japanese economy grew at an annualized rate of 2.1% in the January-March quarter, the government said Tuesday, showing its resilience despite rising energy prices because of the war in Iran.
Japan’s real gross domestic product, or GDP, the sum value of a nation’s goods and services, grew at a seasonally adjusted 0.5% from the previous quarter. It was the second straight quarter of growth. The annualized number shows what the growth, or contraction, would have been if the quarterly rate continued for a year.
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