Global Market: Japan govt urges BOJ policy coordination as it targets faster economic growth

Japan is aiming for over 1% real economic growth annually, a significant jump from its recent average. This ambitious plan, detailed in a draft policy, seeks to boost domestic growth through increased public-private investment and a focus on strategic industries. The government also intends to manage its debt while pursuing expansion, emphasizing close coordination with…

Global Market: China’s central bank expands liquidity toolkit with first-ever overnight reverse repos

China’s central bank has introduced overnight reverse repo operations for the first time, injecting 300 billion yuan to manage liquidity. This move expands the People’s Bank of China’s toolkit for short-term funding. An additional 157.5 billion yuan was injected via seven-day reverse repos at an unchanged rate. Policymakers are carefully balancing economic support with financial…