Maintenance in progress

three asian monetary stories moved at once: the yen hit a four-decade low with investors saying the bank of japan risks losing inflation-fighting credibility if it holds, bank indonesia's well-regarded governor resigned amid downgrade warnings and rising state intervention, and korean retail investors are absorbing losses as the ai-driven equity surge reversed. separately the bank for international settlements published a paper saying the ai boom is blurring the price, employment and stability indicators central banks rely on. the unusual part is that the instrument set itself is being called unreliable at the same moment three currencies are under stress.

financial press and central bank research