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The economy most likely contracted in the April-June period, despite logging remarkable growth of 1.9 percent during the first three months of the year, Economic Planning Agency chief Taichi Sakaiya said Friday at the Japan National Press Club in Tokyo.

“Achieving positive (growth) figures for two consecutive quarters would mean the economy is enjoying very prosperous conditions,” Sakaiya said, adding that he does not perceive the economy as being so rosy.

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