Thursday, March 16, 2017

BOK governor "negative US trade protectionism our economy."



[Korea Jeongseon financial newspaper reporters] are soldiers Tuesday the Bank of Korea governor "may have a negative impact on our economy is the strengthening of the US trade protectionism, he said 16 days.

Soldiers Tue vice attend the day-gu, Seoul Korea Chamber of Commerce and Industry as long as the one held jointly '2017 Global Big on about 4 in (US · EU · China and Japan), changes in circumstances and Policy Seminar "Recent global economy the uncertainty of the environment is higher than ever, "he said" as he predicted the realization of the big four risk factors that you can not constrain the recovery in world trade and our exports and rule out the possibility of increased financial and foreign exchange market volatility.

Day morning by the US Federal Reserve (Fed) to raise its policy rate that regard, the soldiers angry vice "The rate hike is uncertainty surrounding the further increases the speed dwaetjiman fully expected remain 'said' If the interest rate hike at a faster rate than expected the volatility of international financial markets were concerned that it could be expanded "if.

In the case of the European Union (EU) it was pointed out as' Breck sheets (European Union to leave the United Kingdom) negotiations, the French presidential election, the Greek obligations, including the uncertainty. China was mentioned that "the structural vulnerability factors such as excessive corporate debt, overcapacity 'and' trade and exchange rate issues between the US and China. Japan was the diagnosis that geodwot 'abenomics under active fiscal policy and unconventional monetary policy effect' but 'will lead to sustainable growth and escape deflation is still uncertain.

Tue vice soldiers' situation our economy is the current account balance, foreign reserves, scale, financial strength and foreign currency borrowing conditions are favorable to domestic and external shocks, such as the extent of financial institutions has been assessed as sufficiently able to withstand "he said.

Followed by soldiers angry vice "Korea is the Asian financial crisis, the global financial crisis is much more difficult than it is now also have came up experience, overcome, said" the government and the Bank of Korea (BOK) has a tension ever financial and foreign exchange markets and the real economy stable and to be prepared to enforce measures to ensure the timely "he said.

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