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Thursday, March 30, 2023

Japan’s Aso voices concern about capital outflows from China, emerging market

Japan's Aso voices concern about capital outflows from China, emerging market© Reuters. South Korean Finance Minister Kim Dong-yeon (L) shakes hands with Bank of Japan (BOJ) Governor Kuroda alongside Japan’s Minister of Finance Aso before posing for the official photo at the G20 Meeting of Finance Ministers in Buenos Aires

BUENOS AIRES (Reuters) – Japanese Finance Minister Taro Aso said on Saturday he expressed concerns at the G20 finance leaders’ meeting that monetary policy normalization at advanced economies could accelerate capital outflows from China and emerging market economies.

Speaking to reporters on the sidelines of the G20 finance ministers and central bank governors meeting in Buenos Aires, Aso said no country would benefit from protectionist measures, calling for “free and fair trade” to spur global growth.

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Source: Investing.com

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