Trade Friction: Kuroda and Economy

trade friction: Haruhiko Kuroda. ; Still, trade friction is an unpredictable factor that might drag down growth, although the global economy will likely regain momentum in the second half of the year, Kuroda told reporters, according to The Japan Times. We will discuss the current situation of the global economy and its outlook and what to do if something happens, Kuroda said Saturday. The meeting came as U.S. President Donald Trump announced that he was calling off planned tariffs on imports from Mexico after reaching a deal on migration, a decision that was welcomed by Bank of Japan Gov. I think calling off the tariffs is not only good for the United States and Mexico, but also it is positive for the global economy, Kuroda added. As the chair country, Japan aims to lead discussions to explore risks for the world economy and specific programs to strengthen growth during the meeting among finance ministers and central bank governors. Trump planned to put a levy on Mexican goods from Monday but Mexico apparently agreed to implement strong measures to control the number of migrants illegally crossing the border and entering the United States. (news.financializer.com). As reported in the news.