TOKYO -- Rising protectionism among developed countries is a threat to prosperity in Asia, a deputy managing director of the International Monetary Fund warned Thursday.
Mitsuhiro Furusawa spoke at an international conference hosted here by the IMF and the Japan International Cooperation Agency. Finance ministers, central bank governors and other officials from 12 developing economies, including Myanmar and Vietnam, were in attendance.
Fears of protectionism are spreading through the global economy in the wake of Britain's vote to leave the European Union and the election of Donald Trump as U.S. president. Some in Asian emerging markets worry that American investors may pull back from the region.
"Uncertainties could contribute to financial volatility in the coming months," Furusawa added.