- Kiyoshi Ishigane, a Tokyo-based senior strategist at Mitsubishi UFJ Asset Management Co.
Japanese stocks extended losses on Friday after China's and U.S. economic data came out worse than economists had forecasted.
The Nikkei 225 erased 1.20 per cent, or 102.48 points, to 8,440.25. The broader Topix lost 1.47%, or 10.56, to 708.93.
"The global economy, centered in the U.S. and China, is facing stronger headwinds than expected, and recovery expectations are tapering off a bit," said Kiyoshi Ishigane, a Tokyo-based senior strategist at Mitsubishi UFJ Asset Management Co.
"Japan's economy doesn't have the kind of domestic demand that you need to spur growth, so it's more vulnerable to overseas economies."
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