CORRECTED - CORRECTED-Japan's Yosano: stock falls may hurt consumption

(Corrects alert and last paragraph to ...construction bonds ..., not deficit-covering bonds)

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TOKYO, Oct 17 (Reuters) - Japanese Economics Minister Kaoru Yosano said on Friday that recent share price falls could drag down personal consumption and capital spending.

"The fall in share prices will hit household and corporate assets, and may hurt consumer spending and business expenditure," Yosano told a news conference after a cabinet meeting.

"Recent share price moves are a once in a lifetime phenomenon," he said.

"We still have to wait and see how stock markets will react to upcoming earnings results in the United States." He also said construction bonds could be issued for new steps to help the economy if there were public works projects that were justifiable. (Reporting by Tetsushi Kajimoto)