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The Bank of Japan (BoJ) Governor Haruhiko Kuroda said on Wednesday that a slowdown in Chinese economy should not have a negative impact on Japan's exports. He added that China's economy is likely to slow further.
Kuroda also said that there is no need for further easing of monetary policy to achieve the 2% inflation target, but the central bank could add further stimulus measures if needed.
"At this stage, we have no concrete proposal for further accommodation. But if necessary, we will certainly make necessary adjustment," the BoJ governor said.
Kuroda noted that an interest rate hike by the Fed would have a positive impact on the global and Japanese economies.
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