Bank of Japan Tankan Survey of manufacturing and service companies, designed to assess business conditions in Japan. April -June quarter of 2018: Tankan Large Manufacturing Index, 21
Bank of Japan Tankan Survey is a survey of manufacturing and service companies designed to assess business conditions in Japan. The BOJ Tankan is conducted quarterly.
Bloomberg report There has been an impasse because Italy resisted a quick cleanup of bad loans that have crippled its banks. German officials wanted strict standards.
BOE chief economist Andy Haldane in London This all sounds nuts to me. No slack? I don’t know where these models come from but until everyone is working and is taking a side-job to make a bit extra (because the money is so easy), then there’s slack.
Latvian prosecutors decide to begin prosecution on central bank governor Ilmars Rimsevics Rimsevics was accused of bribery and was detained back in February. Since then, he was barred from all central bank meetings and when the ECB met in Riga for its monetary policy meeting earlier this month, he was also unable to attend as…
China’s central bank issues a statement on its Q2 monetary policy meeting The same old message by the PBOC, and it’s something that they don’t stray away from even in a time when questions are being raised on whether or not they’re devaluing the yuan.
Comments by BOJ deputy governor Masazumi Wakatabe Pretty dovish stuff from Wakatabe as is expected. I would definitely rank him as one of the more dovish members on the board, and his call/mention for additional easing is nothing new. He’s been on it for quite a while now.
At the scheduled Japanese Government Bond buying operation today At the previous auction for this time left to maturity (5 to 10 years) the Bank bought 430bn yen of government bonds. Today its a 410bn yen purchase
This is an nice piece of summary work from Deustche Bank, from the economic background through to policy direction: Filing this away for reference!
Comments from Kashkari on a Bloomberg TV interview Kashkari is a dove so this isn’t a surprise but Bostic was also more tentative today. It will be interesting to see what it takes to slow down the Fed.