Japan Faces Risks From US, China Economies, Banking Head Says
- China poses deflation risk; Trump policies may spur inflation
- Opposing rate paths in Japan, US may cause market dislocations
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Japan’s economy is at risk from price pressures from its two largest trading partners, according to the chief of the country’s banking association.
The threat from China is deflation, said Akihiro Fukutome, chairman of Japanese Bankers Association, in an interview. From the US, he sees inflation picking up if Donald Trump returns to office and implements his policies.