BOJ’s Kuroda: Need to monitor USD denominated debt in emerging economies

Bank of Japan (BOJ) Governor Kuroda was on the wires earlier on the day, via Reuters, speaking at the IIF spring meeting.

Main Headlines:

Globalization may have reached a turning point of sorts

Authorities are watching banks' profitability closely

Must also ensure banks don't take excessive risks

Need to monitor USD denominated debt in emerging economies

Major economies cannot ignore currency mismatch because rising us rates could raise dollar funding costs