1️⃣ BoJ is about to have a big policy change
- The Bank of Japan (BoJ) may replace some of the directions in buying exchange-traded funds (ETFs) with a commitment to increase buying when the market becomes volatile, three sources familiar with the matter said.
This move will allow the BOJ to more flexibly slow down buying when the market stabilizes, while reassuring investors that they will act aggressively when shock events cause volatility.
Although there was no consensus on a final decision, the idea was among the options being made at BOJ before reviewing its policy instruments in March, sources told Reuters .
2️⃣ The EU will become tougher
- The Trade Commissioner said the European Union will become more assertive in trade negotiations and push its international partners to incorporate climate change combat into future agreements.
- In an interview published in some media about the 27-nation's trade policy review on Thursday, Valdis Dombrovskis said the EU would seek to overhaul its dispute settlement system. World Trade Organization (WTO) and making sure it sets the rules for digital trade.
- "In order to protect itself when other parties do not play by the rules, the EU will take tougher and more assertive steps", Dombrovskis was quoted by Politico. "We will strengthen our tools to protect our rights and values, and protect ourselves from unfair commercial practices."
- The bloc will also review the due diligence rules to exclude products related to forced labor from the value chain of EU companies and promote the regulatory authorities to protect the EU from action. forced by third countries.
3️⃣ Other news
- US EIA natural gas inventories recorded the strongest drop in two years last week
- The number of initial unemployment claims in the United States recorded 861,000 last week.
US Treasury Secretary Yellen: Compared with inflation, the risk of economic injury is greater.
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