Global central banks talk harsh new economic realities in Tokyo

Global central banks talk harsh new economic realities in Tokyo

By Leika Kihara TOKYO (Reuters) -It’s Japan’s version of the Fed’s Jackson Hole symposium, without the trail hikes or views, and this year’s gathering of global central bankers in Tokyo will focus on two uncomfortable realities: flagging economic growth and sticky inflation. The Bank of Japan and its affiliated think tank host a two-day annual conference that kicks off on Tuesday and includes prominent U.S., European and Asian academics and cent…

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Global central banks face new economic realities in Tokyo

Global central bankers will gather in Tokyo on Tuesday for a conference discussing two pertinent matters: economic growth and inflation. The annual symposium, hosted by the Bank of Japan (BOJ) and its affiliated research institute, is Japan’s version of the Federal Reserve’s Jackson Hole summit but heavy on academic and policy gravitas. The two-day meeting, held at the BOJ’s headquarters in central Tokyo, convenes top officials from central bank…

TOKIO.— It is the Japanese version of the Jackson Hole symposium of the Federal Reserve, though without walking along the trails or mountain views. This year, the meeting of global central bankers in Tokyo will focus on two uncomfortable realities: weak economic growth and persistent inflation. The Bank of Japan (BOJ) and its associated study center organize an annual two-day conference that begins this Tuesday and brings together leading academ…

A further reduction in the policy rate cannot be expected if the forecast of the Monetary Policy Committee of the Central Bank of Iceland is followed, according to Jón Bjarki Bentsson, Chief Economist of Íslandsbanki. When announcing the last interest rate decision, it was made clear that interest rates would not be reduced further unless inflation subsides, which the committee predicts will be similar to the current level by the end of the year…