Japan
Warsh called for fewer FOMC meetings in July
Minutes show committee agreeing on above-target inflation but disagreeing over AI’s effect on prices
BoJ holds as yen and won both rise on suspected interventions
Japan’s central bank more hawkish than at previous meetings as it keeps rates at 1%
Asia-Pacific central banks say AI risks require ‘vigilance, agility’
MAS and BoT also sign anti-fraud MoU on sidelines of meeting involving 11 monetary authorities
Nine out of 10 Japanese people see prices rising
BoJ survey shows around half of respondents expect economic slowdown in a year’s time
Japanese government stresses importance of BoJ independence
Ministers’ comments come after 10-year JGB yields spike to near 30-year highs
Yen options dealers struggle to hedge intervention risk
Hedge funds’ bets on BoJ intervention are leaving dealers with vol-surface exposures they can’t hedge cheaply
People: RBNZ appoints assistant governor
BoE names new chief cashier; BSP board members reappointed; Japan designates deputy chair
Asean’s expanding and evolving swap lines
The Asian trade bloc – with and without China, Japan and South Korea – wants to strengthen emergency liquidity support
QE reduces bonds’ safe haven properties – BdF paper
Safety is becoming ‘increasingly fragmented’ across asset classes, researchers say
BoJ’s June summary signals more tightening to come
Japanese board saw inflation quickening and said rates should be raised if this occurred
ECB’s June hike ‘defensible’ but bank should be cautious – study
Uniform rate hikes are ‘bad, short-term oriented policy’, researcher says
Barry Eichengreen on the evolution of the global monetary order
The US monetary expert speaks to Thomas Chow about similarities between the dollar and 18th century Dutch money and why Washington has bet on the ‘wrong horse’ with private stablecoins
BoJ tightens to 1% and plans end to JGB purchase reductions
Governor absent as bank sets policy at 31-year high amid inflation risks driven by Iran war
HKMA joins push for yuan-rupiah settlement and exchange
Renminbi clearing bank to be established in Indonesia as country’s largest lender joins Cips
Ueda’s hospitalisation may create challenges for BoJ comms
Observers say bank is still likely to hike, but signs of future policy path will be harder to read
Market data good predictor of FX swings – BoJ research
Paper examines trade repository information in foreign currency markets
Canada joins central banks’ multi-currency blockchain project
Work advances on Project Agorá but ledger governance questions unanswered
Dollar smiles again, but for how long?
Twitchy investors backed the buck during Iran war, but experts are divided on whether this marks a return of the dollar smile
Lagarde at G7 meeting: ‘I always worry’ about bond markets
Leaders meet to discuss Middle East conflict, global imbalances
BoJ’s Himino: Stablecoins strengthen dollar privilege
Deputy governor calls for ‘holistic’ system involving stablecoins, CBDCs, tokenisation and cash
BoJ’s Masa calls for tightening at ‘earliest stage possible’
Board member indicates conditions for rate rises are forming as inflation approaches 2% target