• BOJ’s Kuroda says that he’s not concerned by the euro’s depreciation and that the Japanese economy is likely to grow about 2.0% in FY2015
  • Says the US economy is currently leading global growth
  • BOE’s Mark Carney says that policy divergence may bring a benign volatility rise and it’s realistic to expect that oil prices will be lower for longer
  • Wages are rising in line with expectations in the UK
  • ECB’s Coeure says that the political foundation of the European project is being weakened by low growth and entrenched unemployment. He also says the that the US economy will be strong

A lot of eyes are starting to look towards the US in the hopes that the recovery will help drag the rest of the world with them. At the moment that’s a very big ask and not a responsibility that they want, according to Jack Lew yesterday