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MNI China Daily Summary: Monday, May 29
MNI: PBOC Net Injects CNY23 Bln Via OMOs Monday
MNI: PBOC Yuan Parity Lower At 7.0575 Monday; -4.91% Y/Y
Himino, Uchida Nominees For Deputy Governor Position
- Himino (former FSA commissioner) and Uchida (current exec director of Monetary Policy at the BoJ) make up the deputy governor spots.
- Little known about Himino's policy views, but Uchida has been quoted as saying:
- "The Bank of Japan won’t rule out raising interest rates before adjusting the size of its balance sheet when the time comes to exit from monetary easing"
- "It’s too early to explain the central bank’s exit strategy, The stability of financial markets is a key point for any future exit"
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