Markets

Comments from Japan fin min Aso and Fed's Mester

Yeah, I'm lumping together Aso and Mester into the one post.

They deserve each other.

Japan finance minister Aso:

  • Cannot comment on effect of negative rate on JGB market

(Why not? You're the Finance Minister for goodness sake!)

  • Will implement policy so that market can absorb JGBs

President of the Cleveland Fed Mester:

  • Inflation expectations are stable even with low oil
  • Not worried about credibility issue with inflation
  • Market volatility lasting longer than the episode in August
  • Sees 'a little more downside risks' to US economy
  • Asked about market selloff, says 'you can read too much in to volatility'

Mester speaking with reporters

Headlines via Reuters and Bloomberg

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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