You are here

BoJ's deputy chief warns of China slowdown impact on exports

Monday, July 27, 2015 - 10:39

3526701.jpg
Bank of Japan deputy governor Hiroshi Nakaso said on Monday policymakers must be mindful of the potential negative impact that China's economic slowdown could have on Japanese exports.

[KUMAMOTO] Bank of Japan deputy governor Hiroshi Nakaso said on Monday policymakers must be mindful of the potential negative impact that China's economic slowdown could have on Japanese exports."Exports and output had been increasing but are slightly lacking in momentum recently," Mr Nakaso said in a speech to business leaders in Kumamoto, southern Japan.

Mr Nakaso also said he was watching carefully how an expected interest rate hike by the US Federal Reserve could affect global fund flows.

The BOJ trimmed its economic growth forecast this month but roughly maintained its upbeat inflation projections and held off on expanding monetary stimulus.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom