TOKYO, Japan—Japan says its economy grew at an annual 1.0 percent pace in July to September according to revised data that indicate the country dodged a recession.
Earlier estimates had shown growth for the world’s third-largest economy at minus 0.8 percent, the second straight quarter of contraction. Two consecutive quarters of contraction are considered a technical recession.
The revised growth estimate shows stronger corporate investment and a slightly higher pace of growth in exports than earlier reported.
On a quarterly basis the economy expanded 0.3 percent from the previous quarter instead of contracting 0.2 percent as the earlier estimate showed.
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