- BoJ's governor Kuroda: Coordination of monetary, fiscal policies were more prompt and comprehensive this time than during the global financial crisis
Market news
24 November 2020
BoJ's governor Kuroda: Coordination of monetary, fiscal policies were more prompt and comprehensive this time than during the global financial crisis
- Central bank measures have helped with global pickup
- Swift, abundant liquidity provision from central banks prevented negative feedback loop between economic and financial activities
- Deferral of full implementation of the Basel III standards, encouragement for banks to use capital, liquidity buffers have contributed to securing smooth functioning of financial intermediation
- Due attention must be paid to the possible shift in challenges facing firms, households from liquidity to solvency could affect future financial system
- It will be necessary to examine carefully structural changes in financial system, given growing importance of non-banks in financial intermediation
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