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Exports keep Japan growth solid

Japan's economy showed unexpected resilience in the third quarter of this year, with an annual growth rate of 2% as robust exports and capital spending offset weak consumer spending.

The strong performance prompted renewed speculation about a rise in Japan's super-low interest rates within the next few months.

Gross domestic product (GDP) expanded 0.5% from the previous three-month period, the seventh straight quarter of  positive growth.

The figures beat market expectations for quarterly growth of  about 0.3% and an annual 1.2% rate, and meant Japan  outpaced the US economy which posted annual growth of 1.6% in  the same period.

The third quarter performance was patchy, however, with private consumption, which accounts for nearly 55% of the Japanese economy, dipping 0.7%.