Japan Consumption Fall Clouds Econ Outlook - RBS

Japan's GDP slide with declining consumption may lead to a lowering of the Japanese economic outlook, says Long Hanhua Wang, economist for RBS Securities Japan. "Domestic consumption is falling," he says; "given consumption had been supporting the economy, we need to lower the economic outlook down the road." Japan's GDP contracted a price-adjusted 3.5% on-quarter in annualized terms in the July-September quarter. Private consumption declined 0.5% on quarter. "Uncertainty remains over the global economic outlook," he says; "exports are likely to remain weak on the back of political disputes between China and Japan. External demand will likely recover slower than previously thought."

Japan Consumption Fall Clouds Econ Outlook - RBS

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