China, Japan, South Korea stress possible risks to economies
- The FinMins and central bank chiefs of the 3 big regional economic powerhouses have been meeting in The Phillipines
- In the draft statement, they laid particular emphasis on downside risks to regional economies
- Fiscal health and stronger domestic demand were listed as policy goals
(Across Reuters newswires)
The slightly downbeat draft statement has affected risk sentiment and both the AUD and NZD are under pressure.