Japanese economy grew at 3.5 percent pace in 1Q

Associated Press
Japanese economy grew at 3.5 percent pace in 1Q

People are reflected on an electronic board of a securities firm in Tokyo, Thursday, May 16, 2013. The benchmark Nikkei 225 stock index rose to 15,139.56 early Thursday before falling back slightly on profit taking. It has gained about 75 percent since November in a rally linked to high hopes for Primer Minister Shinzo Abe's policies, which have been dubbed "Abenomics." Japan's economy enjoyed a stronger than expected recovery last quarter, growing at a 3.5 percent annual pace as the government stepped up public works spending and eased credit to encourage investment. (AP Photo/Koji Sasahara)

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