Edition:
United Kingdom

Leika Kihara

Central banks may mount a coronavirus rescue. It may not be enough

9:28pm GMT

Cratering markets are pushing global central banks to the point they all warned against and worried about, of an evolving global economic shock hitting at a time when their capacity to respond in force is in doubt even as investors hound them for action.

Japan's Abe vows to protect economy as virus heightens recession fears

8:44am GMT

TOKYO Japanese Prime Minister Shinzo Abe vowed to take whatever policy steps are needed to prevent the new coronavirus from dealing a severe blow to an economy already teetering on the brink of recession.

BOJ's Amamiya calls for more scrutiny in issuing digital currency

27 Feb 2020

TOKYO Central banks must get a better understanding of the benefits and risks of issuing their own digital currencies, and look at ways to mitigate any associated perils, Bank of Japan Deputy Governor Masayoshi Amamiya said on Thursday.

Dovish BOJ board member urges policy review, stronger steps to avert recession

27 Feb 2020

OTSU, Japan The Bank of Japan should review its policy framework for a better strategy to fire up inflation, its dovish board member said, calling for stronger action as the fallout from the coronavirus outbreak risks tipping the economy into recession.

In Riyadh, top central bankers unsettled by shifting sands of inflation

24 Feb 2020

RIYADH/WASHINGTON Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting sands to cross – those of elusive inflation.

Kuroda says BOJ will be 'fully prepared' to act on virus risk

23 Feb 2020

RIYADH The Bank of Japan will be fully prepared to take necessary action to mitigate the impact of the coronavirus on the world's third-largest economy, its Governor Haruhiko Kuroda said.

Japan criticizes U.S. digital tax proposal at G20

23 Feb 2020

RIYADH Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules on taxing big tech companies.

G20 finance heads wrap up meeting overshadowed by virus outbreak

23 Feb 2020

RIYADH, Feb 23 Finance leaders of the world's top 20 economies wrapped up their two-day meeting on Sunday that was dominated by growing concern over the widening fallout from the coronavirus outbreak.

Japan urges G20 members with fiscal scope to boost spending

22 Feb 2020

RIYADH Japan called on G20 countries with fiscal space to ramp up spending to help the global economy weather risks, including the fallout from the coronavirus outbreak, Finance Minister Taro Aso said on Saturday.

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