The comments from Bank of Japan (BOJ) governor Kuroda are crossing the wires via Reuters:
- Fed is normalizing policy as inflation is converging towards its price target - this is the good thing for a global economy.
- Fed is normalizing policy very cautiously, don't see move causing a big negative impact on emerging economies.
- A country that takes protectionist measures will see its economy facing spillovers, such as a disruption in imports
- Don't think free trade trend will change but G7 must discuss ways to avoid escalation of trade friction
- Capital outflows seen in Argentina, turkey due largely to individual problems they face in their economies
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