Risk Increases of Prolonged World Slowdown, BOJ’s Miyao Says
This article is for subscribers only.
The odds of an extended world economic slowdown have increased and the Bank of Japan needs to remain ready to take decisive action if necessary, board member Ryuzo Miyao said.
“The risk that the global economic slowdown will be prolonged is increasing slightly,” Miyao said in a speech in Shimonoseki, southwestern Japan today. For Japan, excessive strength in the yen may weigh on exports, profits and stock prices, Miyao said.