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Japan Aso: U.S. rate hike could spark 'capital flight' from emerging markets
May 5, 2017 / 9:52 AM / 7 months ago

Japan Aso: U.S. rate hike could spark 'capital flight' from emerging markets

YOKOHAMA, Japan (Reuters) - Japanese Finance Minister Taro Aso said on Friday that there was always a possibility that U.S. interest rate hikes could trigger “capital flight” from emerging market economies.

Speaking at a news conference after a meeting of policymakers from ASEAN, Japan, China and South Korea, Aso said global policymakers are keenly watching for when the United States might raise interest rates next.

The ASEAN+3 meeting was held on the sidelines of Asian Development Bank’s (ADB) annual gathering.

Reporting by Tetsushi Kajimoto; Editing by Simon Cameron-Moore

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