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.
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.
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.
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.
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.
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.
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.
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.
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.