Financial Times FT.com

Japan still on track as exports lift growth

By David Pilling in Tokyo

Published: November 14 2006 02:03 | Last updated: November 14 2006 12:34

Japan grew more strongly than expected in the third quarter, with solid exports more than offsetting weak domestic consumption to produce real annualised growth of 2 per cent.

The better-than-expected figure, which more than doubled market forecasts of 0.7 per cent, sent the Nikkei stock average up 1.67 per cent to 16,289.55 on Tuesday, its biggest percentage gain in six weeks.

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