News Regulators 

Bank of Japan’s Kuroda calls for mix of steps to boost economic growth

“But he said fiscal spending and structural reforms to boost an economy’s potential growth will help enhance the effect of monetary easing” writes Midwest Communications Inc for 95kqds.com. “In responding to significant downward pressure (on growth), a policy mix of monetary easing, flexible fiscal policy and steps to raise the natural rate of interest could be effective.”. The BOJ should examine financial functioning and make appropriate policy responses, so that the cost of monetary easing is reduced.”. “We are equipped with unconventional tool kits, so there is no need to…

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News 

China central bank says will continue to implement prudent monetary policies

“SHANGHAI (Reuters) – China’s central bank will continue to implement prudent monetary policies and create an appropriate financial environment for high-quality economic growth, Governor Yi Gang said, according to the bank’s website” writes Midwest Communications Inc for 95kqds.com. Yi also said that China’s economic growth remains basically stable, despite facing downward pressure.The yuan currency is basically stable and credit is growing at a steady pace, he said. Source: 95kqds.com

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Japan finance minister signals readiness to ramp up stimulus to fight risks

“On the global economy, Aso said he still expected a moderate recovery to continue through next year” writes Midwest Communications Inc for 95kqds.com. But the weakness has yet to spread to non-manufacturers or domestic demand,” Aso told reporters after attending a Group of 20 finance leaders’ working dinner.”Given uncertainty over the global economy, exports are falling and weighing on manufacturers’ output. International Monetary Fund (IMF) Deputy Managing Director Mitsuhiro Furusawa has said Japan can ramp up fiscal stimulus if the hit to the economy from October’s sales tax hike proves…

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News Regulators 

Japan’s Abe says expects BOJ to weigh benefits, costs in deciding policy

“TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said on Tuesday he expects Bank of Japan Governor Haruhiko Kuroda to make an appropriate decision on monetary policy while weighing the benefits and costs of each step” writes Midwest Communications Inc for 95kqds.com. Abe made the remark in parliament, when asked about the possibility the BOJ may loosen monetary policy further by deepening negative interest rates. Under a policy dubbed yield curve control (YCC), the BOJ pledges to guide short-term rates at -0.1% and the 10-year government bond yield around 0%. Source:…

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Crypto News 

Sacramento Kings Launches Blockchain Token for Its Predictive Gaming App

“The Sacramento Kings NBA basketball team is launching a blockchain-powered rewards program within its gaming app” writes Helen Partz for cointelegraph.com. The Sacramento Kings partnered with New Jersey-based blockchain ticketing platform Blockparty to add blockchain-based rewards to its prediction game Call the Shot, the team officially announced on Oct. 7.Vivek Ranadivé, CEO and chairman at Sacramento Kings, said the team has only just begun to see the benefits of blockchain technology as “it transforms the way business is conducted worldwide, ensuring secure transactions across multiple sectors and customers.” The Sacramento…

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News Regulators 

ECB’s old guard attack Draghi’s long-term easy money policy

“The Frenchwoman told her confirmation hearing at the European Parliament that an easy monetary policy stance was needed but also had side effects” writes Midwest Communications Inc for 95kqds.com. FRANKFURT (Reuters) – Six former euro zone central bankers on Friday criticized the European Central Bank’s ultra-easy monetary policy under the presidency of Mario Draghi, saying it has been unsuccessful and probably aimed at bankrolling indebted governments. Source: 95kqds.com

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Crypto News 

Waves Transitions to Self-Regulating Monetary System

“Open source blockchain platform Waves is transitioning to a self-regulating monetary system, allowing thus the community to determine the block generation reward size and coin supply” writes Ana Alexandre for cointelegraph.com. The integration of Abyss Tokens with Waves blockchain will allow game developers to incorporate Abyss Token operations directly into their Waves-based games.Earlier in September, Waves and blockchain game distribution platform The Abyss partnered to jointly launch a blockchain-based marketplace of digital goods and in-game items.Sasha Ivanov, Waves Founder and CEO, commented on the development: “Cases of sustainable, self-regulating monetary…

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Markets News 

Gold little changed after Fed outlook disappoints

“Gold prices were little changed on Thursday after declining up to 1% in the previous session as lack of clarity on the U.S. Federal Reserve’s future monetary policy easing kept markets cautious” reports cnbc.com. The cut was widely expected, but the split vote has raised some concern about predicting the future path of monetary policy.Spot gold was barely changed at $1,494.05 per ounce as of 0400 GMT, after a 0.6% drop on Wednesday.Central banks globally are facing increasing pressure to dole out monetary support for flagging economies as the U.S.-China…

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News 

Swiss National Bank leaves base rate unchanged while cutting growth and inflation view

“The Swiss franc EURCHF, -0.2727% dropped 0.3% against the euro to 1.0968 francs, and fell 0.4% to 0.9928 franc USDCHF, -0.4913% versus the dollar” writes Markets Reporter for marketwatch.com. “Negative interest and the willingness to intervene are important in order to counteract the attractiveness of Swiss franc investments and thus ease pressure on the currency.The Swiss National Bank on Thursday left its key policy rate and expansionary monetary policy unchanged, but said it “remains willing to intervene in the foreign exchange market as necessary.”. In this way, the SNB stabilises…

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