Asian central banks rush to roll out easing measures

Bank of Japan
The Bank of Japan expanded its asset purchase programme today

Central banks in Japan and South Korea eased monetary policy further following emergency meetings today (March 16), after the Federal Reserve cut rates to zero over the weekend.

Korea cut rates to a record low while Japan promised to further expand its balance sheet.

Meanwhile, the Hong Kong Monetary Authority (HKMA) slashed banks’ countercyclical capital buffer to 1%, down from 2%, while the People’s Bank of China (PBoC) injected 100 billion yuan ($14.2 billion) into the market via its

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: