BOJ's Kuroda says no plan to 'permanently reduce' ETF buying, shrugs off fears of asset bubble

TOKYO (Reuters) – Japan’s central bank has no plans to “permanently reduce” its purchases of exchange-traded funds (ETF), its governor said on Tuesday, signalling that its upcoming policy review won’t lead to a radical change in its asset-buying scheme.FILE PHOTO: Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan June 20, […]

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Dollar in doldrums as recovery optimism thrives

SINGAPORE (Reuters) – The U.S. dollar was pinned down on Tuesday, as vaccine optimism boosted the British pound to an almost three-year high, while rising oil prices and buoyant expectations for global recovery supported commodity and trade-exposed currencies.U.S. one dollar banknotes are seen in front of displayed stock graph in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/IllustrationIn trade thinned […]

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Britain may need big tax rises, but not yet – think tank

LONDON (Reuters) – British finance minister Rishi Sunak might have to raise a hefty extra 60 billion pounds ($83 billion) in taxes to pay for the COVID-19 hit to the public finances, but his March 3 budget is too soon for such a move, a think tank said.Slideshow ( 2 images )The non-partisan Institute for Fiscal Studies said uncertainty about […]

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Mexico begins rocky rollout of COVID-19 vaccinations for elderly

MEXICO CITY (Reuters) – Mexico on Monday began the task of vaccinating millions of senior citizens against the coronavirus, with dozens of Mexicans over 60 years old waiting in line for hours because of delays in administering shots.Slideshow ( 5 images )Mexico began vaccinating healthcare workers in late December, and is starting a second phase for the elderly, even as […]

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Incoming WTO head warns 'vaccine nationalism' could slow pandemic recovery

WASHINGTON (Reuters) – The World Trade Organization’s incoming chief on Monday warned against “vaccine nationalism’ that would slow progress in ending the COVID-19 pandemic and could erode economic growth for all countries – rich and poor.Slideshow ( 5 images )Okonjo-Iweala told Reuters her top priority was to ensure the WTO does more to address the pandemic, saying members should accelerate […]

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