Some in BOJ fret China's slowdown may hurt exports: July minutes

A few Bank of Japan policymakers warned that the country's exports may be hit if China's economy slowed further, minutes of the central bank's July policy meeting showed on Wednesday. 

PHOTO: REUTERS

AUG 12, 20158:28 AM

[TOKYO] A few Bank of Japan policymakers warned that the country's exports may be hit if China's economy slowed further, minutes of the central bank's July policy meeting showed on Wednesday.

The BOJ's nine members shared the view that overseas economies, particularly advanced economies, would continue to recover moderately, according to the minutes.

But they also said emerging economies would continue to lack momentum for the time being due largely to slowing Chinese demand, the minutes showed.

At the July meeting, the BOJ trimmed its economic growth forecast but held off on offering fresh stimulus, anticipating that a pick-up in consumption would nudge inflation towards its two per cent target.

REUTERS