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along with any impact on financial markets, Yasutoshi Nishimura, Minister
of State for Economic and Fiscal policy, said Monday.
Although still seeing a recovery on the back of fiscal stimulus, Nishimura
pointed to the impact the outbreak could have on China's economy, supply chains
Looking at the Q4 GDP data, Nishimura said the fall in private consumption
was a main driver, but noted both the pre-October hike buying and a post-hike
slowing were smaller than those around the 2014 hike.
"Economic data after October showed that the drop in private consumption is
shrinking," he said.
Japan's economy contracted for the first time in five quarters in Q4,
falling 1.6% q/q, or an annualized -6.3%, weighed by weak private demand,
preliminary GDP data released Monday by the Cabinet Office showed.
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