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Monday, October 25, 2021

Debate over risks from BOJ supply constraints, China recession: September summary

TOKYO – Policymakers at the Bank of Japan (BOJ) in September saw growing risks to the economy due to China’s slowdown in growth, the semiconductor crisis and the closure of Southeast Asian factories, according to a summary of opinion published in their monthly rate review on Friday.

Such external risks could affect the BOJ’s new quarterly growth forecast, which will be at its next policy-making meeting on October 27-28.

“Exports and output continue to grow. But we must look carefully at how chip shortages and disruptions in factories in the Southeast Asian part affect capital spending and corporate funding, ”a board member was quoted as saying.

According to another view shown in the summary, China’s economy is slowly slowing down, slowing down, slowing down, slowing down, slowing down, slowing down, slowing down, slowing down, slowing down, slowing down, slowing down. Slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down. Slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down. Slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down, slow down. E e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e e Keep up the good content, let the global economy improve.

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While most policymakers maintained their view that the economy was heading for a moderate recovery, one said it would suffer from temporary supply constraints and the continued weakness of retailers ’attitudes due to the coronavirus epidemic, in summary.

“It is important to maintain a combination of economic and monetary policy when the economy emerges from the epidemic and begins to return to normal,” said a board member.

At its September 21-22 meeting, the BOJ maintained monetary policy, but lowered its valuation on exports and production, reflecting the broader impact of Asian factory closures and supply constraints.

By Leica Kihar

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This News Originally From – The Epoch Times

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