Even as its liquidity provision passes its 25th year, the Bank of Japan looks unlikely to tighten monetary policy in step with other central banks until deflation is beaten and the Ministry of Finance can end its reliance on ultra-low yields to control government debt costs. Neither of these looks likely to happen in the new governor’s five-year term starting on 9 April, and possibly beyond it.
 A new China strategy for Germany By Taylor Pearce What was once seen as a mutually beneficial bilateral relationship is now being reconsidered as Germany’s political leadership seeks to distance their country from China.
 MEETINGS Brexit and the NI protocol: towards a 2023 breakthrough Monday 13 February, Roundtable John Orchard, chief executive officer of OMFIF, is joined by an expert panel to discuss the state of negotiations between the UK and European Union.
 ON DEMAND EU bonds: towards sovereign status Siegfried Ruhl, hors classe adviser to the director-general for budget at the European Commission, talks with Clive Horwood, OMFIF’s managing editor and deputy CEO, about the European Union’s borrowing plans for 2023.
 LATEST REPORT Public Sector Debt Outlook 2023 A new survey from OMFIF’s Sovereign Debt Institute finds public sector borrowers are looking to boost liquidity against a difficult backdrop for issuing debt.​​​​​​
