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Japan`s economy grows 1.6% in January-March

Japan`s economy saw its strongest expansion in more than two years during the first quarter of 2013, revised data showed Monday, but a sales tax rise has weighed on growth since the levy hike.

Yen rises in Asia after BoJ holds fire on easing measures

The yen rose against the dollar in Asia on Wednesday after the Bank of Japan (BoJ) held off fresh easing measures, saying the number three economy was picking up pace.