ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintSite TitleTitle ChevronIcon Twitter
Economy

Protectionism could hurt Asia, warns IMF official

Developing economies fear Western investors may pull out

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.

(Nikkei)

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media