Economics
Asian Central Banks Start Year Juggling Politics, Policy Reviews
- Bank of Japan and Reserve Bank of India are reviewing settings
- Focus remains on financing programs in Indonesia, Philippines
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Central banks across Asia are starting the year juggling policy reviews and political pressure to do more to support their economies.
Bank of Japan Governor Haruhiko Kuroda has promised to release a policy review in March that he emphasized isn’t intended to backpedal from massive monetary easing, but rather to make it “more effective and sustainable.” The Reserve Bank of India is reviewing its inflation-targeting mechanism, with some in Prime Minister Narendra Modi’s government seeking to widen the band from the current 2%-6% range.