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BoJ Kuroda: Persisting US-China trade war has widespread impact of global and Japanese economies

BoJ Governor Haruhiko Kuroda warned of the impact of US-China trade war again in the parliament today. He said “if trade tensions persist, they would have a widespread impact on global and Japanese economies via business sentiment and market developments.” And, “we hope the United States and China engage in constructive discussions.”

Finance Minister Taro Aso also told the parliament that “we’re seeing some manufacturers delaying capital expenditure plans.” However, “corporate profits are high and the fundamentals supporting domestic demand remain solid.”

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