Comments from a US Treasury official are wide-ranging:

  • Sanctions are beginning to have impact on Russian economy
  • Japan must avoid “too rapid a fiscal consolidation”
  • Recent European data a sign of Europe’s “chronic low inflation and weak demand”
  • Recent data suggests slowing of Chinese economic growth, risk accumulating in shadow banking system, but
    China has policy tools to keep its economy strong in near-term
  • Recent depreciation of China currency would raise “serious concerns” if it signaled movement away from market-determined rates