TOKYO – For all the questions surrounding the US Federal Reserve, the real drama this year concerns the People’s Bank of China and Bank of Japan. It falls to PBOC Governor Pan Gongsheng in Beijing to stabilize Asia’s biggest economy and battle deflationary forces without re-inflating asset bubbles. Over in Tokyo, BOJ Governor Kazuo Ueda is under […]
PBOC, BOJ start 2024 on a razor’s edge
China and Japan’s central banks face complex policy dilemmas that if mishandled could upend the global economy in the year ahead
