e club of central banks pursuing quantitative easing (QE) policies and has cut its base rate by 0.25%; further policy interventions are possible. The Bank of Japan (BOJ) is likely to extend its asset purchase program and to cut rates further, but the Brexit vote is not to blame. Rather, Japan's central bank

ts of monetary policy Glossary Here we explain central terms. A balance sheet summarizes a company's assets, liabilities and shareholder equity. The Bank of Japan (8OJ) is the central bank of Japan. One basis point (bp) equals 1/100 of a percentage point. Bunds are issued by Germany's federal government, most

for International Settlements (BIS) is the international organization of central banks. The Bank of England (BoEl is the central bank of England. The Bank of Japan (Brie is the central bank of Japan. Brain drain refers to the flight of a country's more educated workers abroad, usually for economic reasons. A