Free Trial

MNI: The BOJ Is Watching Evergrande Impact On Markets-Kuroda

(MNI) Tokyo

Bank of Japan Governor Haruhiko Kuroda said on Wednesday that the central bank is carefully monitoring developments of Chinese property developer China Evergrande Group and its impact on financial markets.

Kuroda told reporters that market players are sensitive to reports about the company and its ability to make debt repayments.

"There is a view that the Chinese economy is slowing," Kuroda told reporters after the latest BOJ policy review. "But the foundation of the economy is solid. I think we don't need to have the view that the economies in the U.S. and China will slow and overseas demand will fall."

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

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.