Newsclip®: [Business] Dollar pares losses after upbeat Japan GDP lifts yen

"TOKYO: The yen firmed against the dollar on Wednesday after data showed Japan's economy unexpectedly expanded at the fastest pace in a year in the first quarter, but later gave up most of its gains on views that more stimulus is needed to keep growth on track.Japan's economy expanded by an annualised 1.7 percent in January-March, easily beating the median market forecast for a scant 0.2 percent increase and rebounding from a 1.7 percent contraction in the previous quarter, the Cabinet Of", www.brecorder.com


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