Bank of Japan Governor Kuroda speaking
- A country that takes protectionist measures will see its economy facing spillovers, such as disruption in imports
- Don't think free trade trend will change but G7 must discuss ways to avoid escalation of trade friction
- Fed normalising policy very cautiously, don't see move causing big negative impact on emerging economies
- Capital outflows seen in Argentina, Turkey due largely to individual problems they face in their economies
- Fed normalising policy as inflation converging toward its price target, which is good thing for global economy
- Don't expect political developments in Italy to disrupt global markets but need to watch impact carefully
- G7 must seek rational discussions on trade and impact on global economy; officials meeting are not directly in charge of trade policy
