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Impose capital controls to defend the yuan, Kuroda tells China
BOJ chief, IMF's Lagarde say burning forex reserves not a good idea; they also don't expect a hard landing
Published Sun, Jan 24, 2016 · 09:50 PM
Davos
BANK of Japan governor Haruhiko Kuroda said China should impose capital controls to defend the yuan rather than keep burning through currency reserves.
As he and other international policy makers expressed confidence that the world's second largest economy will avoid a hard landing, Mr Kuroda made his proposal on the final day of the World Economic Forum's annual meeting in Davos, Switzerland.
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