• Kyodo

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The economy grew an annualized rate of 2.4 percent in the first three months of 2015, the government said Wednesday, indicating it is on track for a moderate recovery after the jolt delivered by last year’s consumption tax hike.

The stronger-than-expected figure pushed the Nikkei 225 stock average to a fresh 15-year high on Wednesday, closing up 170.18 points, or 0.85 percent, from Tuesday at 20,196.56, the highest close since April 2000.

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