While Japan’s exports are slowing, its economic fundamentals remain strong, courtesy of domestic demand, Japan’s economy minister Motegi said on Monday, according to Reuters.
Japan’s economy grew at an annualised rate of 2.1%, government data showed on Monday.
Key quotes
- Japan exports slowing, output remains weak mainly among manufacturers due to China’s economic slowdown.
- Some manufacturers delaying capital spending, leading to decline in capital expenditure.
- No change to uptrend in domestic demand.
- Government will carefully watch impact of trade woes, market moves on global economy.
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