‘Japan’s export curbs among top three economic risks’ | 2019-07-24

‘Japan’s export curbs among top three economic risks’

24 July, 2019 12:00 AM printer

SEOUL: South Korea's central bank on Tuesday said Japan's export curbs on key chip and display production materials were one of the top three risks to the domestic economy even after its recent downgrades to growth projections.

"Developments in the US-China trade negotiations, the speed of the global semiconductor industry's recovery and Japan's export restrictions are the main risks over the economic growth path," the Bank of Korea told the parliament in a scheduled report, report agencies.

The Bank of Korea last week cut the policy interest rate by 25 basis points to 1.50 per cent in a surprise move and trimmed this year's economic growth forecast to 2.2 per cent from 2.5 per cent.