By  on November 13, 2013

TOKYO—Japan's economy is still growing but its momentum is starting to slow.

The country's Cabinet Office said Thursday that Japan's third-quarter gross domestic product grew 0.5 percent, or 1.9 percent on an annualized basis. The country posted seasonally-adjusted growth of 0.9 percent in the second quarter and 1.1 percent in the first quarter. Still, the July to September figures beat market expectations.

Private consumption growth slowed to 0.1 percent from 0.6 percent growth the previous quarter.

Exports dipped into negative territory, shedding 0.6 percent in the third quarter. They grew 2.9 percent in the second quarter and 3.9 percent in the first quarter.

 

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