Downside risks in the global economy are likely to persist over the medium to long term, pressured by the Sino-U.S. trade war and a slowdown in ...
TOKYO: Downside risks in the global economy are likely to persist over the medium to long term, pressured by the Sino-U.S. trade war and a slowdown in China, Japan's top financial diplomat said.
Asakawa said he wanted the world's two largest economies to address China's structural problems over intellectual property, technology transfer and state-owned enterprises. "Japan can act as appropriate based on the G7/G20 agreement in case disorderly moves like"flash crash" occurs in the market." Under Japan's chair, G20 finance ministers and central bank governors will meet in Fukuoka in western Japan on June 8-9, followed by a leaders' summit in Osaka on June 28-29.
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