Central Banks

BOJ Kuroda: Protectionism isn’t good for world economy

BOJ’s Kuroda speaking Washington

He adds:

  • Protectionism is in a drag on Japan’s economy for now
  • don’t expect protectionism to spread around the world
  • expense wide range of discussions on trade at G-20
  • G-20 likely to engage in why debate on protectionism as risk to global Outlook
  • Kuroda says rising protectionism undesirable as could hurt otherwise robust global growth and trade
  • G20 likely to discuss not just trade wars but geopolitical risks, how earlier than expected monetary tightening could affect global economy

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