BoJ's deputy chief warns of China slowdown impact on 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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US veto sinks Palestinian UN membership bid in Security Council
Pro-China local leader ousted in Solomon Islands election
Japan‘s March inflation slows to 2.6%, eyes on BOJ move
S&P downgrades Israel rating on heightened geopolitical risk
‘We have our jury’: panel selected for Trump criminal trial
UK wage growth and services inflation too high for rate cut, BOE’s Greene says