China’s economy will continue growing: Bank of Japan

Bank of Japan Governor Haruhiko Kuroda

Bank of Japan Governor Haruhiko Kuroda

Tokyo … News Time

Despite concerns over China’s economic slowdown, the Bank of Japan Governor Haruhiko Kuroda expressed his promising ideas. Governor Haruhiko Kuroda said in New York on Wednesday, the Shanghai stock market downturn affected the international financial markets regarding the matter. Japan Governor Haruhiko Kuroda said although the market is volatile, but China is the scope of the measures to be taken. The Chinese economy is likely to slow further, but he also said that after this year and next year is expected to grow 6 to 7 percent. He said that China’s economic slowdown is already affecting Japanese exporters. Japanese exports in the coming years, but it will not have any major negative impact. Japan Governor Haruhiko Kuroda said extra measures to ease domestic inflation would reduce impacts on the economy. He said he welcomed the decision of the world’s second largest economy do.

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