The Bank of Japan Must Define a Strategy for Its ETF Holdings – Not Just Its Sales
Ken Shibusawa and
Matthew Poggi | 28 October 2025
Monetary,
Op-Eds | Tags:
Asset Purchases,
Central Banks,
Governing Finance,
Japan The Bank of Japan (BOJ) plans to sell its ETFs at roughly 620 billion yen a year on a market-value basis (330 billion yen on a book-value basis), a time frame under which BOJ Gov. Kazuo Ueda said it would "take more than 100 years"
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Tax Expenditures: Time to Clean House
François Ecalle,
Patrick Lenain and
Agustin Redonda | 27 October 2025
Fiscal,
Op-Eds | Tags:
France,
GTED,
Tax Expenditures The state of France’s public finances is worrying. The public deficit has rarely been so high outside periods of crisis, and public debt has reached record levels. Stabilising it will require a substantial adjustment—on the order of €120 billion to €150 billion.
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Unlocking Doors to Better Homes: Smarter Borrower Limits for Housing Upgrades Across Europe
Reiner Martin and
Pierre Monnin | 15 October 2025
Monetary,
Blog | Tags:
Credit Risk,
Energy,
Financial Stability,
Housing,
Macroprudential Policy Upgrading the energy efficiency of Europe’s homes is a cornerstone of the European Union’s strategy to achieve climate neutrality. Buildings account for about a third of the EU’s energy-related greenhouse gas emissions, making them one of the largest contributors to climate change.
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Central Banks Must Guide Asean+3 Through Age of Novel Risks
Aziz Durrani and
Julia Anna Bingler | 14 October 2025
Monetary,
Op-Eds | Tags:
ASEAN+3,
Central Banks,
Climate Risks,
Macroprudential Policy The prosperity of Asean+3 economies – the 10 South-east Asian nations plus China (including Hong Kong), Japan and South Korea – hinges on whether policymakers, central banks and financial supervisors can navigate an increasingly complex landscape of novel risks.
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Economic Policies for Affordable, Secure and Clean Energy. Insights from Germany
6 November 2025 | Berlin, Germany | By Invitation Fiscal,
Roundtables | Tags:
Energy,
Germany,
Industrial Policy,
Renewables The Council on Economic Policies is organizing a series of country-specific roundtables to examine the opportunities and challenges for an affordable, secure, and clean energy future
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Beyond Data: A Macroprudential Policy to Break the Tragedy of the Horizon
Pierre Monnin | 10 October 2025
Monetary,
Op-Eds | Tags:
Central Banks,
Climate Risks,
Financial Supervisors,
Macroprudential Policy Ten years ago, in his speech ‘Breaking the Tragedy of the Horizon’, Mark Carney, then Governor of the Bank of England – and now Prime Minister of Canada – issued a warning: climate change is ‘imposing a cost on future generations that the current generation
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Sixth Virtual Meeting of the Community of Practice on Tax Expenditures
30 September 2025 | 13.00-14.30 CET | Online Fiscal,
Workshops | Tags:
Domestic Revenue Mobilization,
Rwanda,
Tax Expenditures,
The Netherlands The sixth virtual meeting of the Community of Practice on Tax Expenditures (TEs) showcased benchmarking experiences from the Ministries of Finance of Rwanda and the Netherlands.
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