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Japan tops Q1 growth estimates


A key market for the medical device industry showed some strong signs of life today, following sobering economic news out of Europe yesterday.

Japan, the world’s 3rd-largest economy and 2nd-largest medical device market, reported that its gross domestic product grew at an annualized rate of 3.5% during the 1st quarter and is up 0.9% from the previous quarter. Analysts had predicted a 2.8% annualized growth rate and 0.7% growth for the quarter.