October 3, 2019 / 5:28 AM / 13 days ago

BOJ's Funo: Global recovery delayed, no sign of it happening yet

FILE PHOTO: Newly-appointed Bank of Japan (BOJ) board member Yukitoshi Funo arrives at his inauguration news conference at the BOJ headquarters in Tokyo, July 1, 2015. REUTERS/Toru Hanai/File Photo

MATSUE, Japan (Reuters) - Bank of Japan board member Yukitoshi Funo said on Thursday that the global economy has shown no sign of a pick-up as its recovery has been delayed, and that the bruising Sino-U.S. trade war holds the key to its outlook.

Funo declined to comment on whether the central bank would ease policy further at its next policy-setting meeting at the end of October, which he said would be a “very important” meeting.

Funo was speaking at a news conference after meeting business leaders in Matsue, western Japan.

Reporting by Tetsushi Kajimoto; Editing by Chang-Ran Kim

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