Japanese Economy Minister warns of global slowdown impact on Q3 GDP ...Middle East

Japanese Economy Minister statement on the Q3 GDP release earlier (data is here, contraction recorded): Risk of global slowdown pushing down Japan's economy warrants attentionDomestic demand including consumption, capex lacked strength in q3Private consumption turned out flat due to effect of price hikesCapex weighed by rises in materials prices and declining machinery and construction investmentsService consumption such as eating out remained in recoveryHe added that concerns about the outlook for the Chinese economy need to be closely watched. This article was written by Eamonn Sheridan at www.forexlive.com.

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