Since February 1999, the Bank of Japan has provided de facto zero interest rate funding to Japan and the world. Now, Governor Kazuo Ueda has hiked rates. Twenty-five years of ‘capitalism with a zero-cost rate anchor’ is coming to an end. Sayonara financial socialism.
Economies around the world are increasingly factoring in climate change to their financial strategies. OMFIF assesses the regulation, data and portfolio decisions that are needed for developed and emerging economies alike meet their net-zero goals.
Masazumi Watakabe, professor of economics at Waseda University and former deputy governor of the Bank of Japan, discusses Japan’s economic prospects following the end of its negative interest rate regime.
Randal Quarles, former vice chair of the Federal Reserve Board of Governors and former chair of the Financial Stability Board, discusses the March Federal Open Market Committee outcomes and the outlook for US monetary policy.
Financial inclusion is key to unlocking economic potential in the Middle East and Africa. This report, in collaboration with Mastercard, examines initiatives in the region.
