By  on May 15, 2013

TOKYO — Japan's economy posted significant growth in the first quarter of the year, beating expectations on a surge in exports and higher consumer spending.

Japan's preliminary first-quarter gross domestic product rose 3.5 percent on an annualized basis, the country's Cabinet Office said Thursday. The growth provides the latest evidence that Japan Prime Minister Shinzo Abe's fiscal policies and stimulus programs are getting the world's third-largest economy back on track.

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