The Beijing Hour
Stimulus policies stabilize floor, lift ceiling: analyst
Sep 27, 2024
Shigeru Ishiba, a prominent politician in Japan and recently elected leader of the ruling party, discusses his aspirations to become the next prime minister. He delves into the shifting political landscape in Japan and the implications of his leadership. The conversation also touches on China's robust economic stimulus measures aimed at reviving the housing market and supporting private businesses, which analysts believe will instill confidence in the economy. Additionally, there's a mention of China's intent to strengthen global partnerships amid rising geopolitical tensions.
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Quick takeaways
- China's central bank is implementing significant monetary stimulus measures, including lowering reserve requirements, to bolster economic growth and confidence.
- Shigeru Ishiba's election as Japan’s new prime minister signals a pivotal shift towards stronger self-defense policies amid changing geopolitical dynamics.
Deep dives
Increased Liquidity Measures by China's Central Bank
China's central bank is taking significant steps to increase liquidity in the banking system to stimulate economic growth. The central bank has implemented a cut in the reserve requirement ratio by half a percent, which will lower the weighted average ratio for lenders to 6.6%. This decision follows a key meeting by the Communist Party's Central Committee that highlighted the need for stronger measures to support key sectors such as housing, private enterprises, and employment. The bank's supportive monetary policy includes various stimulus measures aimed at stabilizing the economy while addressing the vulnerabilities post-COVID.
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