BOJ adopts “global standard” inflation target… With the Kuroda BOJ’s announcement of unprecedented easing measures, it is perhaps easy to forget the significance of the Bank’s adoption of an inflation...
Corporate bond issuance in China has been growing for the past several years. In addition to bond issuance to fund economic stimulus,such growth has been driven partly by the advent...
Reform is accelerating in China's securities sector. At an industry conference in May 2012, regulatory authorities unveiled plans to promote diversification of securities firms' operations through deregulation. They have recently...
In the first half of 2012, Chinese financial reform progressed faster than previously anticipated, with a proposed capital account liberalization timeline released in February, the renminbi's trading band widened in...
Whatever it takesComing on the heels of ECB President Draghi's speech in London in late July, the ECB's Governing Council meeting in early August attracted a great deal of attention...
The BOJ and Fed's monetary policy frameworks have converged as both central banks have adopted de facto inflation targets and committed to maintaining ultra-low interest rate policies. However, the Fed...
In light of the importance of the Policy Board of the BOJ, it is natural in a democratic state that elected legislators play a role in the selection. There are...
A recent PBoC report and press conference have clarified China's plans vis-a-vis financial and capital account liberalization. China appears ready to proceed with liberalization while exercising care to prevent risks...
In contrast to the previous “understanding,” “goal” implies the BOJ’s intention to hit a target.Whether it leads to formal inflation targeting will depend on such conditions as the...
As the European debt crisis intensifies, internal opposition has stalled plans to purchase government bonds as an emergency measure and to issue eurobonds that would strengthen Europe's monetary union...