Monday, 8 May 2017

Japan Aso: U.S. rate hike could spark “capital flight” from emerging markets

In World Economy News 06/05/2017

Japanese Finance Minister Taro Aso said on Friday that there was always a possibility that U.S. interest rate hikes could trigger “capital flight” from emerging market economies.
Speaking at a news conference after a meeting of policymakers from ASEAN, Japan, China and South Korea, Aso said global policymakers are keenly watching for when the United States might raise interest rates next.
The ASEAN+3 meeting was held on the sidelines of Asian Development Bank’s (ADB) annual gathering.

Source: Reuters (Reporting by Tetsushi Kajimoto; Editing by Simon Cameron-Moore)