Economy News Headlines - Yahoo! News: BOJ's Morimoto: fund outflows from emerging nations may continue

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BOJ's Morimoto: fund outflows from emerging nations may continue Aug 29th 2013, 02:37 MORIOKA, Japan (Reuters) - Bank of Japan board member Yoshihisa Morimoto on Thursday warned of looming uncertainties over the global economy including an outflow of funds from emerging nations, driven by expectations that the U.S. Federal Reserve will soon taper its bond-buying program. Morimoto also called on the government to keep up efforts to fix Japan's worsening finances, saying that Japan must maintain market trust in its finances in order for the BOJ's monetary easing to be fully effective. ...

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