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The government on Thursday warned that downside risks are increasing for the Japanese economy due to volatility in global financial markets, but that the uptrend in Japan remains intact.

“Developments in the worldwide decline in stock prices and the depreciation of the dollar are further increasing the uncertainty surrounding the future of the world economy,” the Cabinet Office said in its monthly report on the economy for August. “There are concerns about the downward pressure on (the nation’s) final demand that may be exerted by the developments.”

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