Despite other central banks flexing their muscles, Japan’s authorities have every reason to prolong a policy loosening in its 24th year. While the Bank of Japan’s monetary dials stay tuned to fight deflation, expect little reversal of the Ministry of Finance’s fiscal stimulus during Covid-19 – three budget expansions totalling ¥127tn ($93bn) or 23% of gross domestic product – and little prospect of quantitative easing ending.
MEETINGS The future of the Eurosystem’s sovereign portfolio Friday 15 July, Roundtable Stefano Micossi, director general of Assonime, discusses the future of the Eurosystem’s sovereign portfolio involving the European Stability Mechanism. He will also offer insights on Italian bond spreads and monetary and fiscal developments in the euro area.
ON DEMAND The role of green taxonomies in closing the data gap This online event, organised by OMFIF’s Sustainable Policy Institute and the Future of Sustainable Data Alliance, explored the use of taxonomies, data mapping and the different approaches to and challenges in enhancing data availability, reliability and comparability.
Report: Global Public Investor 2022 More than 75% of the central banks surveyed for the 2022 edition of Global Public Investor believe inflation will be sustainably higher or more volatile for a prolonged period. Just 20% of reserves managers think inflation will be transitory.
