You are here

BOJ's Kuroda warns of risk from emerging market slowdown

3454353.jpg
Bank of Japan Governor Haruhiko Kuroda warned on Monday that a slowdown in emerging economies, if prolonged, may hurt Japanese business confidence and discourage firms from increasing capital expenditure.

[NAGOYA] Bank of Japan Governor Haruhiko Kuroda warned on Monday that a slowdown in emerging economies, if prolonged, may hurt Japanese business confidence and discourage firms from increasing capital expenditure.

"The BOJ will respond without hesitation if it sees the need to do so to achieve its 2 per cent inflation target at the earliest date possible," he told business leaders in Nagoya, central Japan.

The BOJ has held off on expanding its massive stimulus programme since last October, even as the economy relapsed into recession and falling energy costs push inflation further away from its target.

REUTERS

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom