By  on May 20, 2010

TOKYO—Japan’s first-quarter preliminary gross domestic product grew 4.9 percent on an annualized basis in the latest indication that the world’s second-largest economy is on the path to recovery.

This is the fourth straight quarter of growth for Japan. The country’s GDP advanced 1.2 percent compared to the fourth quarter of last year. Exports in the January to March period surged 30.5 percent on an annualized basis.

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