News

S. Korea central bank (BOK): Japan’s export curbs could be more damaging to local economy than tariff hikes

In a scheduled report to the parliament on Thursday, the Bank of Korea (BOK), the South Korean central bank, warned of economic impact from Japan’s export curbs.

The report read: “Effects from Japan’s export curbs are so far limited, but if the situation worsens, the impact could be bigger than what pricing regulations such as a tariff increase would have.”

“Semiconductor exports, which account for about a fifth of the country’s total shipments abroad, would likely continue to decline for the rest of this year”, the report added.

So far, the Japan-South Korea trade spat has had limited impact on the market, as the US-China trade war, global slowdown concerns and Fed’s policy grab the most attention. 

Articles You May Like

CAD: Top performers so far, but it could have been even better – CIBC
How to Join Free Forex course Online | Trading Pro Academy | Forex Tutorials
GBP/JPY was the best trade this week
Aussie the laggard ahead of European markets open
Will we see more reversion in the week ahead?

Leave a Reply

Your email address will not be published. Required fields are marked *