China won't trigger global financial crisis - BOJ Kiuchi
AOMORI, Japan (Reuters) - China's economic slowdown could hurt the world economy but won't trigger a global financial crisis since its market is fairly detached from other financial markets, Bank of Japan board member Takahide Kiuchi said on Thursday.
"I'm not worried about the possibility of a China-driven global financial crisis," Kiuchi told a news conference after meeting with business leaders in Aomori, northern Japan.
"Monetary conditions are pretty accommodative globally ... With China's property market showing signs of a pick-up and authorities showing readiness to take policy measures, I expect the economy to stabilise over the course of time," he said.
(Reporting by Leika Kihara; Editing by Chang-Ran Kim)