BOJ's Shimizu: G20 shared the need to be mindful of spillovers from tightening

Shimizu said the G20 shared the need to be mindful of spillover effects of tightening monetary policy due to inflation in advanced economies.

Japan --- somehow -- still has negligible inflation and many emerging markets are struggling but I don't think that argument resonates with the Fed when rates are at zero and inflation at 7.5%.