AIRLINK 87.10 Decreased By ▼ -0.50 (-0.57%)
BOP 4.75 Increased By ▲ 0.03 (0.64%)
CNERGY 3.91 Increased By ▲ 0.05 (1.3%)
DFML 40.40 Increased By ▲ 1.40 (3.59%)
DGKC 90.80 Decreased By ▼ -0.70 (-0.77%)
FCCL 22.70 Decreased By ▼ -0.20 (-0.87%)
FFBL 34.44 Increased By ▲ 0.70 (2.07%)
FFL 8.99 Decreased By ▼ -0.05 (-0.55%)
GGL 9.71 Decreased By ▼ -0.09 (-0.92%)
HASCOL 6.05 Increased By ▲ 0.15 (2.54%)
HBL 123.98 Increased By ▲ 0.68 (0.55%)
HUBC 164.50 Decreased By ▼ -0.95 (-0.57%)
HUMNL 10.51 Decreased By ▼ -0.28 (-2.59%)
KEL 4.68 Increased By ▲ 0.04 (0.86%)
KOSM 4.13 Decreased By ▼ -0.05 (-1.2%)
MLCF 38.19 Increased By ▲ 0.10 (0.26%)
OGDC 136.40 Increased By ▲ 1.55 (1.15%)
PAEL 24.76 Decreased By ▼ -0.08 (-0.32%)
PIBTL 6.40 Increased By ▲ 0.23 (3.73%)
PPL 117.51 Decreased By ▼ -0.99 (-0.84%)
PRL 23.22 Decreased By ▼ -0.32 (-1.36%)
PTC 10.92 Decreased By ▼ -0.80 (-6.83%)
SEARL 57.45 Increased By ▲ 0.79 (1.39%)
SNGP 64.20 Decreased By ▼ -0.80 (-1.23%)
SSGC 9.57 Decreased By ▼ -0.02 (-0.21%)
TELE 7.30 Decreased By ▼ -0.04 (-0.54%)
TPLP 8.89 Increased By ▲ 0.09 (1.02%)
TRG 62.22 Increased By ▲ 0.32 (0.52%)
UNITY 29.39 Increased By ▲ 0.79 (2.76%)
WTL 1.26 Increased By ▲ 0.03 (2.44%)
BR100 8,313 Increased By 20.5 (0.25%)
BR30 26,578 Increased By 34.4 (0.13%)
KSE100 78,528 Increased By 252.6 (0.32%)
KSE30 25,433 Increased By 51.4 (0.2%)

Japanese Finance Minister Taro Aso said on Tuesday it would be beneficial for this week's meeting of the Group of 20 major economies to discuss what is going on in China's economy. China is Japan's biggest trading partner. China's stock markets have lost nearly 40 percent of their value since mid-June as an economic slowdown rattles investors.
Aso, speaking to reporters after a cabinet meeting, did not specify what he wanted to discuss about China, but said any talks should be frank. The minister and Bank of Japan Governor Haruhiko Kuroda will attend the September 4-5 gathering in Ankara. "Rather than being swayed just by superficial market moves, I believe it's important to ascertain China's structural issues behind them," Aso said. "I think it's beneficial to hold a frank debate at G20 on what is happening in Chinese economy."
Aso said Japan's economy was unlikely to suffer any immediate shock from China's economic slowdown, but rather the possibility is "becoming extremely high" that Europe would be more affected. Aso also cited Chinese officials as saying earlier this year that Beijing wanted to tackle structural reform when it chairs next year's G20 summit. China's economy is slowing just as Japan's economy is steadily improving with rising corporate profits leading to gradual increase in capital spending and wages, Aso added.

Copyright Reuters, 2015

Comments

Comments are closed.