How Southeast Asia’s Central Banks Can Meet the Climate Challenge
Vinod Thomas and
Muhammad Qaisar | 5 August 2026
Monetary,
Commentary | Tags:
ASEAN,
Central Banks,
Climate Risks,
Targeted Refinancing Lines Climate change is creating greater price and financial instability across Southeast Asia, from supply chain disruptions to increased default risks. Operating within their traditional mandates, the region’s central banks are monitoring these risks in a largely reactive manner.
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Bank of Japan’s Independence Reinforces Sanaenomics’ Credibility
Matthew Poggi | 29 July 2026
Monetary,
Blog | Tags:
Central Banks,
Governing Finance,
Japan Japan’s annual economic policy blueprint rarely moves markets. This year’s did, even before it was finalised. An early draft of the Sanae Takaichi administration’s ‘Basic Policy on Economic and Fiscal Management and Reform’ placed unprecedented emphasis on the compatibility of Bank of Japan policy with
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Forget Stablecoins
Burkhard Drees and
Sunil Sharma | 2 June 2026
Monetary,
Commentary | Tags:
CBDC,
Central Banks,
Financial Governance,
Stablecoins Modern banking systems are inherently fragile because they assign to private institutions the contradictory tasks of simultaneously creating money and financing risky lending. Digital innovation amplifies this fragility: stablecoins introduce new layers of runnable instruments, while digitization accelerates financial panics.
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ASEAN Central Banks Need New Tools for New Risks
Julia Bingler and
Matthew Poggi | 13 May 2026
Monetary,
Commentary | Tags:
ASEAN,
Central Banks,
Energy,
Systemic Risks,
Targeted Refinancing Lines Southeast Asia faces a growing exposure to novel interacting risks that drive inflation and financial instability. Under the Philippines’ leadership as 2026 ASEAN chair, there is an opportunity to strengthen the region’s response to reduce exposure to and manage the risks through the ASEAN Finance
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Japan Needs a New Framework for a Post-Deflation Economy
Matthew Poggi | 29 April 2026
Monetary,
Blog | Tags:
Central Banks,
Economic Growth,
Governing Finance,
Japan Japan’s policy-makers should reconsider whether the institutional framework governing relations between the government and the Bank of Japan still fits the country’s economic priorities.
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Closing the Gap to Boost Asean Resilience Against Novel Risks
Julia Bingler | 23 April 2026
Monetary,
Commentary | Tags:
ASEAN+3,
Central Banks,
Financial Supervision,
Macroprudential Policy,
Systemic Risks The Philippines deserves genuine credit for its stewardship of this year’s Asean Finance Ministers’ and Central Bank Governors’ Meeting (AFMGM). Various novel risks and challenges have been discussed – from geoeconomic and geopolitical risks to cross border payments, financial resilience and climate risk management.
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Governing Finance for Sustainable Prosperity in ASEAN
12 March 2026 | Singapore | Co-hosted with AMRO and SEACEN | By Invitation Monetary,
Roundtables | Tags:
ASEAN+3,
Central Banks,
Economic Growth,
Financial Supervision,
Governing Finance Central banks, financial regulators and supervisors play a critical role in building resilient financial markets and economies amidst novel risks, and to unlock the opportunities associated with the deep structural changes ahead.
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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,
Commentary | 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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Central Banks Must Guide Asean+3 Through Age of Novel Risks
Julia Bingler and
Aziz Durrani | 14 October 2025
Monetary,
Commentary | 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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Beyond Data: A Macroprudential Policy to Break the Tragedy of the Horizon
Pierre Monnin | 10 October 2025
Monetary,
Commentary | 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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