February 26, 2019 / 12:22 AM / a month ago

BOJ Kuroda: China economy to pick up in latter half of this year

FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan December 20, 2018. Mandatory credit Kyodo/via REUTERS

TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday he expected China’s economic growth to pick up in the latter half of this year thanks to stimulus measures taken by the government.

“China’s economy slowed quite significantly in the latter half of last year” as companies felt the pinch from Sino-U.S. trade tensions, Kuroda told parliament.

“The economy may remain in the doldrums in the first half of this year but will likely pick up thereafter, as authorities have taken fiscal and monetary stimulative action,” he said.

Reporting by Leika Kihara; Editing by Chang-Ran Kim

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