BARI, Italy May 12 Bank of Japan Governor
Haruhiko Kuroda said on Friday that trade protectionism won't be
a solution to fix the problem of widening global inequality.
Speaking to reporters ahead of a meeting of Group of Seven
finance ministers and central bankers in the southern Italian
city of Bari, Kuroda said a steadily recovering global economy
is having a positive effect on Japan although domestic inflation
The BOJ chief said Italian banks' non-performing loans needs
to be tackled but didn't see the bad debt posing significant
negative impacts on the financial system of Italy and Europe.
(Reporting by Tetsushi Kajimoto; Editing by Shri Navaratnam)