Japan economy minister Amari commenting on the wires
- External factors bigger than domestic factors as cause of Japanese stock market declines
- Lower oil prices will improve Japan's terms of trade
- Continued oil price falls not good for world economy
- Need to expand domestic demand
- China woes, mid east contribute to global stocks drop
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Also, from Japan finance minister Aso:
- No problems with fundamentals of Japan's economy
- China market had big effect on market turmoil
- Large fall in China's FX reserves has a large impact
- May be difficult for China to continue to support its currency given declines in its FX reserves
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There you go.
Thanks guys.
Thanks a lot.
