TOKYO (Reuters) - Bank of Japan Governor Kazuo Ueda said the pace of economic activity in China has been a disappointment that could cloud Japan's ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSTOKYO - Bank of Japan Governor Kazuo Ueda said the pace of economic activity in China has been a disappointment that could cloud Japan's economic outlook, according to a text of his speech delivered at the weekend Jackson Hole Symposium.
"The underlying problem appears to be the adjustment in the property sector and its spillover to the rest of the economy," Ueda said on China, adding that the hit to Japan from China's weakness has been somewhat offset by the relative strength of the U.S. economy. "Longer run effects of geopolitical factors on the Japanese economy are unsurprisingly very uncertain," Ueda said, adding that"the tit-for tat war," mainly in the semiconductor sector, between major advanced economies and China was a risk.
Ueda delivered the speech during a session on globalisation held on Saturday at the Jackson Hole Symposium in Wyoming.
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