Japan
Cross-currency letters of credit gaining popularity in Asia
Divergent central bank policies see CNH LCs increasingly used to cover USD invoices
How to allocate rate hikes ‘keeps me awake 24/7’, says BoJ’s Ueda
Governor reflects on past steps in policy normalisation and Japan’s ageing population
Japan’s economy not ready for rate hike, says prime minister
New premier’s remarks add uncertainty to BoJ’s normalisation path
Bank of Japan holds policy rate
Decision comes as core inflation accelerates for fourth consecutive month
Japan should gradually raise rates to around 1% – BoJ’s Tamura
Board member considers this to be country’s neutral interest rate
Ueda: BoJ will continue raising rates if ‘outlook realised’
Governor affirms central bank’s hawkish stance ahead of this month’s monetary policy meeting
South Korea and Indonesia set up currency transactions framework
Move is latest regional effort to bolster use of local currencies for settling trades
All eyes on the Fed
The US central bank faces a challenging path to fulfil its mandated goals
Triggers of August market ‘flare-up’ still in place, BIS warns
Leveraged positions remain at risk of sudden unwinding, as margin calls play amplifying role
Did the Fed make a mistake holding rates in July?
Experts warn Fed not to signal “panic” but to be ready to act aggressively if needed
US’s indirect reliance on Chinese goods rises – NY Fed research
Study finds country’s largest partners are importing increasing amounts of goods from China
Japanese officials pledge vigilance on financial markets
BoJ, finance ministry and regulator hold emergency meeting after country’s biggest fall in equities since 1987
Japanese market shock threatens to spill back to US
Sudden unwinding of carry trade could impact Fed decision-making, analysts say
BoJ raises policy rate, outlines plan to reduce bond purchases
Governor says bank will raise rates again if economy and prices move in line with projections
Central banks of Japan and Thailand renew swap agreement
$3 billion bilateral arrangement aimed at supporting financial stability and trade
End of QQE and US rate decline will rein in Japanese yields – study
Japan’s institutional investors likely to stay in foreign bond markets, researchers say
Palau building blockchain government bond platform
Contract won by Japanese company that co-developed Cambodia’s digital currency
Japan issues first new banknotes in 20 years
New notes are fitted with 3D holograms
Masaaki Shirakawa on his ‘unease’ about 2% inflation targets and lessons from Japan
The former Bank of Japan governor speaks with Christopher Jeffery about the need to properly understand the business of banking, making sound contingency plans and the BoJ’s current policy constraints
Japan ready to intervene in FX markets, finance ministry says
Top currency official issues warning as yen hits 34-year low against dollar
Book notes: The wealth of a nation, by Geoffrey Hodgson
This book provides a deep dive into the economic and institutional transformations that supported the rise of English capitalism