China's Top Leadership Announces They're Going to Step Up Measures to Boost the Economy

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The question is, you know, how sustainable is this new elevated inflation equilibrium for Japan? Is it kind of transitory? If it is transitory, the central bank doesn't want the Titan monetary policy. On the other hand, if inflation really is here to stay, you need tighter policy. You need to constrain inflation. So, it's a very difficult policy balancing act for the central bank.

The Bank of Japan announced that it’s going to allow bonds to rise more freely, and China’s politburo has signalled several target measures meant to boost the country’s economy. Plus, the FT’s Attracta Mooney explains how more frequent heat waves will impact several different industries and the economy as a whole.

Mentioned in this podcast:

Investment flows poised for historic shift after ‘giant leap’ by Bank of Japan

What China’s economic measures mean in practice

How an era of extreme heat is reshaping economies

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The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. Additional help from Monica Lopez, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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