Signs of Weakening Global Demand But Growth to Return

"You probably have to distinguish between different countries. I think in Japan's case it's fairly easy it's all about exchange rates and that's obviously depressing sentiment and exporters and depressing the willingness and profitability of large companies," Richard Jerram, chief economist at Bank of Singapore told CNBC. "I think Korea is more interesting because that's more geared directly to the global cycle and it does suggest that maybe global demand is not really as robust as people had been hoping," he added.

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