As the public watches missiles rain down on cities and tanks burst into flame, there is a sense the world reached a turning point when Putin invaded his neighbour.
The key task facing the new governor will be the reorientation of the central bank’s policy away from yield curve control (YCC), instituted in 2016, under which the BOJ outlaid the equivalent of trillions of dollars to purchase government bonds and keep interest rates at near zero levels.
The IMF thinks this year could be a turning point for the global economy. There are, however, plenty of uncertainties that could change things quickly.
The IMF thinks this year could be a turning point for the global economy. There are, however, plenty of uncertainties that could change things quickly.