Bank of Japan Governor Haruhiko Kuroda on Saturday maintained his view the globa...
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks during a news conference at the BOJ headquarters in Tokyo, Japan, September 19, 2018. REUTERS/Toru Hanai
Kuroda said the global economy is “stabilising somewhat” from its weakness late last year, as central banks maintain supportive policies and China takes stimulus measures to prop up growth. Kuroda’s view on global risks is important because the BOJ’s forecast on the Japanese economy is based on the assumption global growth will rebound in the latter half of this year.
Widening fallout from the U.S.-China trade war will test the resolve of G20 finance leaders to show a united front at their two-day gathering ending on Sunday, as investors worry if they can avert a global recession with dwindling policy ammunition.
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