- plus risks of excessive credit expansion and destabilisation of financial system
- prompt action to address demographic challenges is needed to preserve growth momentum of domestic demand-led economy in Asia
BOJ gov speaking in Thailand
- it’s important to establish regional safety nets in Asia to prepare for possible external shocks
- current global accommodative financial conditions raise the possibility of unhealthy global capital inflows into Asian economies
- Asian countries should prevent execessive expansion of credit to ensure domestic demand-led growth
- in Japan the potential growth rate has been pushed down by a decline in labour input
Kuroda in cautious mode
USD 101.42
