Statement from Japan's Minister of Economy on the third quarter GDP report:
It should be noted that the threat of global recession is depressing the Japanese economy Domestic demand, including consumption and investment funds, decreased significantly in the third quarter Personal consumption slumps due to rising prices Industrial production is under pressure due to rising raw material prices and reduced investment in construction and machinery. Consumption of services such as eating out continues to recover Concerns about the future of the Chinese economy need to be carefully monitored
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