Japan’s Yamaguchi apprehensive of Asian expansion
Hirohide Yamaguchi, a deputy governor of the Bank of Japan, on Wednesday said emerging economies must reinforce growth drivers with the relevant policies.
Yamaguchi said of the 4% growth expected in the global economy in 2010, 70 % was attributable to emerging economies, an indication that those economies were driving global growth.
Yamaguchi said the robust growth in emerging economies was driven by three factors:
-strong demand for consumer durable goods and infrastructure investments in
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