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Economy

BOJ Governor Kuroda dismisses Evergrande global contagion risk

Japanese central bank holds to short-term interest rate target at -0.1%

Kuroda said it was uncertain how long supply would remain tight. He also said the consumption weakness in July and August, when COVID infections surged, was "somewhat unexpected." (Photo by Rie Ishii) 

TOKYO (Reuters) -- The Bank of Japan on Wednesday offered a bleaker view on exports and output as Asian factory shutdowns caused supply bottlenecks, but maintained its optimism that robust global growth will keep the economic recovery on track.

Bank of Japan Governor Haruhiko Kuroda also brushed aside fears that the debt problems of China Evergrande Group could disrupt the global financial system, saying it was still "an individual company's problem and that of China's real estate sector."

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