BOJ policymakers debated chance of Fed-driven US recession

"Monetary tightening by overseas central banks and a prolonged shortage of semicondoctors are among factors weighing on the global economy," one member was quoted as saying.

TOKYO: Bank of Japan (BOJ) policymakers debated the chance of a global economic slowdown, including a U.S. recession caused by the Federal Reserve's aggressive monetary tightening, a summary of opinions at their July policy meeting showed on Friday.

While many board members projected Japan's economy to keep recovering, some saw risks such as a renewed spike in COVID-19 infection cases and uncertainty over the global outlook.