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Economy

Asia's fading momentum seen in Japan's latest contraction

Trade war and Fed tightening pressure economies in China, South Korea and elsewhere

Japan's economy has contracted in two of three quarters this year.   © Reuters

TOKYO -- The contraction of the Japanese economy in the July-September quarter is a symptom of slowing growth across Asia, as the region grapples with rising interest rates and the escalating trade war between the U.S. and China.

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