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Japan's Wages and Consumer Spending Decline, Goldman Sachs Economist Departs, Blackstone Expects India and Japan
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Japan's real wages continue to decline for the 18th consecutive month, while consumer spending also remains weak. Goldman Sachs' chief Japan economist Naohiko Baba is leaving the firm after over a decade. Blackstone expects India and Japan to be its most active markets in Asia next year. Japan's service activity shows the slowest growth this year, with weak demand.
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How might the departure of Goldman Sachs' chief Japan economist impact the firm's analysis of the Japanese economy?
What are the potential implications of Blackstone's expectations for India and Japan's markets?
What factors are contributing to the decline in real wages and consumer spending in Japan?
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