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Japan’s austerity lessons, Gender Balance Index 2020 and more

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Japan’s austerity lessons, Gender Balance Index 2020 and more


Latest opinion and analysis from OMFIF around the world 

2-6 March 2020, Vol.11 Ed.8

Most-Read Commentary

Japan’s austerity lessons: They say insanity is doing the same thing over and over but expecting different results. Judging from recent media reports, you would have to conclude that Japanese governments are insane. Japan has been trying for years to rekindle growth and boost inflation. In 2014, however, it raised its consumption tax to 8% from 5% and the economy tipped into recession. Last October it raised its consumption tax to 10%; the economy shrank at an annualised rate of 6.3% in the fourth quarter of 2019, writes Marco Annunziata.

Read more.


What Super Tuesday means for the US election: In a somewhat unexpected turn of events, Joe Biden has emerged as the frontrunner in the US Democratic primaries. The contest to find the candidate to beat President Donald Trump is quickly becoming a two-horse race. Mark Sobel, of OMFIF, and Tony Fratto discuss the results. Listen.


Gender Balance Index 2020: Central banks and other financial institutions are implementing measures to improve gender diversity within their ranks, but still count too few women in senior roles. The study, now in its seventh year, ranks institutions based on gender balance in their management and boards. Read the full report.


Volatility threatens Libor replacement: The UK’s regulatory authorities have decided not to require banks to make submissions to the London interbank offered rate after the end of 2021. Both the UK and the US regulators have selected alternatives to Libor but they face challenges, writes Oonagh McDonald. Read more.


New Zealand and the global economy: Adrian Orr, governor of the Reserve Bank of New Zealand, will discuss the scope of monetary policy tools and techniques in reserve asset management in the context of a slowdown in key trading partners, as well as global factors impacting on New Zealand’s economy on Wednesday 11 March at 09:00 GMT. Request to attend.


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