Showing posts with label global economic risks. Show all posts
Showing posts with label global economic risks. Show all posts

Thursday, October 13, 2011

IMF says China has scope to respond to global risks

TOKYO: China has the scope to respond if global economic risks materialise, and the country's response could partially but not entirely offset the impact of a global crisis, the International Monetary Fund's Asia and Pacific director said on Thursday.

Anoop Singh, director of the IMF's Asia and Pacific department, added that the yen's current level did not pose an immediate risk to Japan's economic recovery and that recent data reinforced the Bank of Japan's view that the economic recovery was taking hold.