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MNI BRIEF: BOJ Concerned Long China Lockdowns To Hit Output

TOKYO (MNI)

Bank of Japan officials are worried about weaker industrial production and exports from a worsening of supply-side restrictions stemming from the extended pandemic lockdowns in Shanghai, a hub of physical distribution in China, and elsewhere, MNI understands.

Bank officials consider Chinese supply bottlenecks as a near-term downside risk, but one likely temporary, that could worsen the terms of trade and slow production and exports in Japan and delay corporate capex, delaying an economic rebound, see: MNI INSIGHT (RPT): Only Short-Term Yen Impact If JGBs Tweaked.

MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com
MNI Tokyo Bureau | +81 90-2175-0040 | hiroshi.inoue@marketnews.com

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