Newsletter

Finance Leaders of Japan, China, and South Korea Address Foreign Exchange Market Volatility and Regional Growth Prospects at Meeting in Georgia

[ソウル/東京 3日 ロイター] – Finance ministers and central bank governors of Japan, China and South Korea held a meeting on the 3rd in Tbilisi, the capital of Georgia. He pointed to increased volatility in the foreign exchange market as one of the risk factors that could affect the region’s growth prospects in the short term.

A joint statement released after the meeting said, “The region’s economic growth in 2023 has strengthened, driven by strong domestic demand,” and “supported by domestic demand, a recovery in investment and exports, and robust consumer spending, we expect growth in 2024 to be even stronger.”It is expected to grow rapidly.”

“The Association of Southeast Asian Nations (ASEAN) faces risks in the short term, including geopolitical tensions, rising global commodity prices and transport costs, slowing growth in major trading partners, and increased volatility in currency markets due to the negative effects of external factors. .” “This could affect the outlook for the Plus Three (Japan, China, South Korea).”

The finance ministers and central bank governors of the three countries held a meeting on the sidelines of the annual general meeting of the Asian Development Bank (ADB).

The statement also said that Asian finance ministers and central bank governors said, “Given the continuing risk of rising inflation, many member countries are taking steps to adjust monetary policy relatively as needed to anchor inflation expectations in firm.”I think we should keep it tight.” “Inflation is expected to continue to moderate, but as domestic demand remains strong, deflation will moderate, especially in core inflation.”

Our Code of Conduct: New Tab Thomson Reuters “Principles of Trust”, opens a new tab

#Finance #ministers #central #bank #governors #Japan #China #South #Korea #meeting #highlighting #sharp #fluctuations #exchange #rates #risk #growth