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Japan's domestic demand 'solid' despite trade war: Motegi

Diverse supply chains key to weathering turmoil, economic policy minister says

Toshimitsu Motegi, Japan's economic revitalization minister, told Nikkei on May 24 that the country's fundamentals remain strong. (Photo by Keiki Kashiwabara)

TOKYO -- Japan's economic and fiscal policy minister on Friday maintained that the conditions underlying consumer spending in the country remain strong, even as a government report sounded a weaker tone on exports and industrial output.

"The fundamentals of domestic demand, which accounts for the majority of the Japanese economy, are solid," Toshimitsu Motegi told Nikkei in an interview.

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