Tuesday, April 9, 2013

Ken Davies on RTHK3's Money for Nothing, April 9, 2013


8.18 am - China's view of Japan's easing measures 

Yi Gang, the head of China's foreign-exchange regulator is among the critics of the Bank of Japan's easing program. A weak yen would hurt Chinese exports. But Ken Davies, president of Growing Capacity says China and other countries will benefit if Japanese demand comes back. "If Japan's economy does revive, then it's good for China because Japan is such an important market. A potential effect is that Japan may relocate manufacturing from China to Japan, and Japan becomes much more competitive in other areas such as tourism. In the long run, everyone will benefit if it works. But the question is will it work?"

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