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Japan MOF: tension over global economy rising

Tue Oct 7, 2008 10:52pm EDT

(For more stories on the Japanese economy click [ID:nECONJP])

TOKYO, Oct 8 (Reuters) - A senior Japanese Ministry of Finance official said said on Wednesday the recent market turmoil is affecting the real economy and overall tension is heightening.

"A number of things have been taking place in the United States and Europe recently and they are having an impact on the real economy," the official told reporters.

The official also said Japanese financial institutions are relatively unscathed in the current financial crisis. (Reporting by Hideyuki Sano and Yuzo Saeki)



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