Shirakawa says central banks not responsible for structural issues
Bank of Japan governor Masaaki Shirakawa said in a speech on April 18 that "central banks cannot reasonably deliver solutions to structural issues".
The governor was addressing the Foreign Policy Association in New York. He cited the example of the eurozone crisis to illustrate his views on the limitations of the capacity of central banks.
He said the actions of the European Central Bank's refinancing operations had restored "relative calm" to the financial markets, but that it must also be
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Financial Stability
European lenders are making polluters pay – ECB study
Firms looking to fund projects near ‘biodiversity-sensitive’ areas face worse borrowing conditions
Ireland publishes roadmap for streamlining regulation
Central bank governor insists it is not about lowering standards but improving framework’s quality
Supervision must be evidence-based, says ECB’s Buch
Hasty changes could risk loosening oversight and harm financial resilience, supervisory chief warns
Ueda says BoJ’s long-term rates have risen ‘somewhat rapidly’
Japan’s central bank will purchase government bonds if yields continue to rise, governor says
BoE stress test finds UK CCPs resilient to extreme shocks
Bank will skip next year’s exercise to develop internal capabilities and resume testing in 2027
Trump denies offering Orbán Argentina-style ‘financial shield’
US president says Hungarian PM ‘certainly asked for’ protection arrangement
Lesetja Kganyago on a 3% target and risks posed by rising debt in a fractured system
The Sarb governor speaks about a lower inflation target, the impact of high developed-world debt, the G20’s payments efforts and the fracturing of the multi-lateral system
BoE launches system-wide test on private markets
Second ever exploratory scenario to include major asset managers; results expected in early 2027