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BOJ’s Kuroda says China’s property woes unlikely to trigger global shock -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Haruhiko Kuroda, Governor of Bank of Japan (BOJ), attends a news conference held at Tokyo’s BOJ headquarters on July 30, 2019. REUTERS/Kim Kyung-Hoon/File Photo

TOKYO (Reuters), Haruhiko Kunroda, Bank of Japan Governor, said that China’s woes in its property sector were unlikely to create a global panic as it was not burdened with large amounts of foreign debt.

We don’t think China’s problems with property will have an impact on Japan’s financial system or economy. Kuroda stated that the woes don’t pose a significant risk to trigger an international shock.

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