TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Tuesday he expected China’s economic growth to pick up in the latter half of this year thanks to stimulus measures taken by the government.
“China’s economy slowed quite significantly in the latter half of last year” as companies felt the pinch from Sino-U.S. trade tensions, Kuroda told parliament.
“The economy may remain in the doldrums in the first half of this year but will likely pick up thereafter, as authorities have taken fiscal and monetary stimulative action,” he said.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.