China’s economic slowdown may impact Japanese policymakers and their exports, according to central bank Deputy Governor Hiroshi Nakaso. As Nakaso told business leaders in Kumamoto, southern Japan,
“Even if China’s economy maintained its growth rate, the main contribution would be from public investment, so the effect on Asian economies and Japan’s exports warrants due attention.”
Nakaso did show confidence that Japan’s economy can weather the storm and stressed that exports will, hopefully, remain strong.
He said, “The slowdown in exports and output are likely temporary.”