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

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. 

PHOTO: REUTERS

JUL 27, 201510:39 AM

[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