ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Opinion

Why are central banks not responding to coronavirus' economic threat?

It is much better for major countries to react now than wait for worse damage

| China
Bank of Japan Governor Haruhiko Kuroda speaks at a news conference on Jan. 21: it is time for a more urgent vocabulary. (Photo by Kento Awashima)

Normally, when central banks talk of contagion, they mean trauma in currency markets, bond-yield spreads and equity bourses that infects broader economies. Instead, today, the worry is that the coronavirus emanating from China might mutate into a global economic crisis equally difficult to contain.

Why, then, has there been inaction from Tokyo to Washington?

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more