On Wednesday the European Central Bank released its quarterly Financial Stability Review.

In it the Bank warned that policy normalisation by the Bank of Japan could test the resilience of global bond markets.

Its unusual for the ECB to make such pointed remarks about another major central bank.

Reuters had this overnight for more.


Anyway, Bloomberg is posting a report on the ECB comments.

lagarde ueda 15 May 2023

Huh ... is this body language instructive?