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Japan's EconMin says the economy is expected to continue a moderate recovery
The GDP data released earlier today showed anything but a recovery, modest or otherwise: • Japan's annualised Q1 GDP -2.0% q/q (vs -1.5% expected)But, let's give Minister Shindo the benefit of the doubt and hope the weaknesses of January - March is behind Japan and the green shoots ... continue. • Economy is expected to continue moderate recovery. • Need to pay close attention to risks related to forex fluctuations that would push up domestic prices. • Need to pay close attention to global economy downturn risk such as outlook on • Chinese economy, crude oil prices due to unstable situations in the Middle ... (full story)