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Bank of Japan board member Toyomi Nakamura: Due to the global slowdown and deteriorating profits in the core automotive industry, the downward pressure on the Japanese economy is intensifying. Wage growth has been accelerating, but it may weaken depending on the impact of US tariff policies. Due to the uncertainty of US tariffs, companies are increasingly delaying capital expenditure plans and taking a wait-and-see attitude. If the delay in corporate capital expenditure widens, this could prompt companies to move their supply chains overseas to address supply constraints.
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