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Japan's recovery stalled in the April-June quarter, with the world's third-largest economy contracting at a 1.6 percent annual pace thanks to feeble consumer and corporate demand and slowing exports.The data released Monday show that private consumption, the biggest driver of growth, fell 1.7 percent in annual terms despite an 8 percent increase in residential investment.The economy got a boost from public investment, which rose almost 11 percent from a year earlier, as spending was "front-loaded" at the beginning of the fiscal year, which starts April 1 .Japanese companies reported an average increase in net profit of 42 percent in the April-June quarter from a year earlier. Wages fell 2.9 percent in June from a year earlier, according to figures released last week.
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