Tuesday, June 28, 2016 - 23:06 UPDATE: Japan PM Abe Meets Aso, BOJ Kuroda on Brexit Impact 0
--Updates with Comments, Background
TOKYO (MNI) - Prime Minister Shinzo Abe Wednesday held a second meeting with Japan's top economic policymakers to compare notes on how to stabilize financial markets in the aftermath of Britain's decision to leave the European Union.
Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda met Abe at his official residence from 0840 to 0855 JST (2340 to 2355 GMT Tuesday) to analyze the impact of the Brexit vote, officials said.
After the meeting, Aso told reporters that financial markets appear to be stabilizing in the short term, according to press reports.
However, the domestic stock market is struggling to recover Friday's huge...
Tuesday, June 28, 2016 - 19:40 Japan PM Abe To Meet Aso, BOJ Kuroda on Brexit Impact Today 0
TOKYO (MNI) - Prime Minister Shinzo Abe will hold a second meeting with Japan's top economic policymakers Wednesday to compare notes on how to stabilize financial markets in the aftermath of Britain's decision to leave the European Union.
Finance Minister Taro Aso and Bank of Japan Governor Haruhiko Kuroda will meet Abe at his official residence from 0840 JST (2240 GMT) to 0855 JST (2355 GMT) to analyze the impact of the Brexit vote, a government official said.
Both Aso and Kuroda will talk to reporters after the meeting.
Abe had a similar meeting Monday with Aso and BOJ Deputy Governor Hiroshi Nakaso.
Tuesday, June 28, 2016 - 14:00 US Federal Reserve Releases 2017 FOMC Meeting Calendar 0
WASHINGTON (MNI) - The Federal Open Market Committee announced Tuesday its tentative meeting schedule for 2017. All the meetings are Tuesday-Wednesday meetings next year and Fed Chair Janet Yellen will hold a press conference after the March, June, September, and December meetings:
Jan. 31-Feb. 1
Oct. 31-Nov. 1
Jan. 30-31, 2018
--MNI Washington Bureau;tel: +1 202 371-2121; email: firstname.lastname@example.org
Tuesday, June 28, 2016 - 13:57 Fed Focus: Markets to Get First Fed Reaction to Brexit Tuesday 0
By Karen Mracek
WASHINGTON (MNI) - Tuesday evening markets will get to hear the first reaction to Brexit from the Federal Reserve outside of their perfunctory statement Friday.
The Fed statement said the U.S. central bank is "carefully monitoring developments in global financial markets, in cooperation with other central banks," and it is prepared to provide dollar liquidity though existing swap lines if needed.
The Fed did say pressures in global funding markets "could have adverse implications for the U.S.
Tuesday, June 28, 2016 - 12:32 Former Fed's Bernanke: Brexit Unlikely to Derail US Recovery 0
By Karen Mracek
WASHINGTON (MNI) - Former Federal Reserve Chair Ben Bernanke does not expect the U.S. recovery to come to an end because of Britain's vote to leave the EU last week, though he says the Fed will clearly be cautious until impacts are better known.
"In the United States, the economic recovery is unlikely to be derailed by the market turmoil, so long as conditions in financial markets don't get significantly worse: The strengthening of the dollar and the declines in U.S. equities are relatively moderate so far," Bernanke, who left the Fed in 2014, wrote in a blog post Tuesday.
"Moreover, the decline in longer-term U.S.
Tuesday, June 28, 2016 - 12:18 S&P: See UK Pound Dropping Another 5% But No Recession 0
--See ECB Further Into Negative Rates This Year
--See Eurozone Losing 0.5% GDP Next Year; UK Loses 1.2%
--Fitch: Direct Brexit Impact on US Limited
WASHINGTON (MNI) - Standard and Poor's chief economist for Europe said Tuesday the weakening of the pound has more to run before it stabilizes, but the UK escapes outright recession and no other country is now facing a ratings downgrade.
Saying more than 400 questions were submitted to S&P experts after Monday's two-notch downgrade of the UK to "AA," the ratings firm provided some answers in an Internet presentation that saw a UK economic...