FT News Briefing Bank of Japan stuns markets
Dec 21, 2022
The Bank of Japan shook financial markets with a surprising shift in its yield curve control policy. Meanwhile, FTX customers are pushing for quicker payouts amid ongoing bankruptcy struggles. The podcast also delves into the aftermath of the FTX collapse, revealing the challenges posed by unregulated crypto players. Finally, it examines how Russia's invasion of Ukraine has drastically changed perceptions of energy security in Europe, influencing strategies and market dynamics.
AI Snips
Chapters
Transcript
Episode notes
Bank of Japan Policy Shift
- The Bank of Japan surprised markets by shifting its monetary policy, allowing 10-year bond yields to fluctuate more.
- This move, a departure from their long-held ultra-loose policy, signals a potential broader shift in global monetary policy.
FTX Customer Lawsuit
- FTX customers with $1.6 billion trapped in the bankrupt company are taking legal action to expedite refunds.
- They argue their assets should be prioritized over other creditors because FTX held them in custody.
BP's Divestment from Rosneft
- BP's decision to divest from Rosneft three days after Russia's invasion of Ukraine signaled the seriousness of the situation.
- This move, followed by other Western companies, demonstrated a shift in the energy landscape.