Nakaso: BoJ should play leading role in global stability discussions
Greater co-operation needed among central banks to maintain global financial stability, deputy says
There is a growing need to strengthen co-operation among central banks in the area of global financial stability, and the Bank of Japan (BoJ) should take a leading role, one of its deputy governors has said.
Hiroshi Nakaso stressed the need for central banks to "ever more closely" monitor and engage with the global financial system to maintain stability in their respective domestic financial systems.
"First, we need to work on the development of an international financial safety net and discuss
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