Sydney — Asian shares slid on Monday after a run of upbeat economic data from the US and globally lessened the risk of recession, but also suggested interest rates would have to rise further and stay up for longer.
Amamiya has been closely involved with the Bank of Japan's current supereasy policies and is considered by markets to be more dovish than some other contenders. Japan's Nikkei added 0.7%, encouraged by hopes the BOJ would keep policy easy. Euro Stoxx 50 futures fell 0.6% and FTSE futures 0.3%. A host of Fed officials are set to speak this week, led by chair Jerome Powell on Tuesday, and the tone could be hawkish. Policymakers from the European Central Bank and the Bank of England will also be making appearances.
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