Fukui confident on China slowdown

Toshihiko Fukui, Governor of Bank of Japan expressed confidence about the prospects of both a soft landing of China's economy and the fast growth of the US economy.

He told the Committee on Financial Affairs of the House of Representatives of Japan that though the concern about the steep oil prices still existed, China would succeed in slowing down its economy. He believed China was switching as anticipated toward a market oriented economy.

His remarks is coherent with the statement of the Bank

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