Tag: g20

”Asia embraces corporate governance”

2016-02-29 posted by


Japanese Prime Minister Shinzo Abe has vowed to put corporate governance at the heart of his economic reforms.

Nicholas Pratt interviews the OECD’s Fianna Jurdant and charts the development of corporate governance across Asia amid a growing recognition of its importance.

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”Bank of England chief accuses G20 of failing to reform to boost growth”

2016-02-26 posted by

”Mark Carney rejects idea that central bankers have ‘used all ammunition’ against downturn but says system remains strong”

Mark Carney, the head of the Bank of England
Mark Carney has ruled out following the trend of negative interest rates.

”Bank of England boss Mark Carney has accused the G20 of failing to adopt measures to boost global growth as he defended central banks and their power to play a role in stimulating economic growth following attacks from critics who say they have run out of ammunition.

Speaking at a meeting of G20 finance ministers and bank governors in Shanghai on Friday, Carney turned on City economists who say the world’s major central banks have done all they can to prevent the global economy from slipping back into recession.

He said: “Several commentators are peddling the myth that monetary policy is ‘out of ammunition’. This is wrong, but the widespread absence of global price pressures demands that our firepower be well aimed.”

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