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Data: BofA Global Research; Chart: Axios Visuals

Bank of Japan governor Haruhiko Kuroda became the latest central bank chief to tip his hat to the possibility of easier monetary policy in recent weeks, saying during the Institute of International Finance's annual meeting Monday that the BOJ would "not hesitate to take additional easing measures as necessary."

What they're saying: "The BOJ hasn't run out of policy tools," Kuroda added. "We have a lot of policy tools to counter [damage from the pandemic]. We are flexible, innovative when considering measures to take."

Around the world: The Bank of England on Monday moved a step closer to adopting negative interest rates, writing to banks to ask them how ready they would be for such a move.

  • The Fed's Charles Evans said last week that there was “still quite a bit of flexibility in the asset purchase side right now, and it allows us flexibility to also provide more accommodation if that's necessary."
  • European Central Bank president Christine Lagarde warned at the end of September in a meeting with the European Parliament’s economic and monetary affairs committee that the central bank “continues to stand ready to adjust all of its instruments, as appropriate.”

Go deeper

Dion Rabouin, author of Markets
Jan 13, 2021 - Economy & Business

Democrats are looking to overhaul banking

Illustration: Aïda Amer/Axios

Now in control of Congress, Democrats are looking to give the U.S. financial system a progressive overhaul, incoming Senate Banking Chairman Sherrod Brown said Friday. It will be a tall task.

What we're hearing: "This committee in the past has been about Wall Street," Brown told reporters. "As chair I’m going to make it about workers and their families and what matters to their lives."

Jack Dorsey to step down as Twitter CEO

Photo: Joe Raedle/Getty Images

Jack Dorsey will step down as CEO of Twitter, the company announced Monday. He will be succeeded by CTO Parag Agrawal.

The big picture: Dorsey is also the CEO of financial payments company Square, which he co-founded in 2009, and has become a crypto evangelist in recent years.

Tracking the pandemic's unequal impact

Expand chart
Data: Morning Consult/Axios; Chart: Will Chase/Axios

The pandemic was bound to hit the most economically vulnerable among us the hardest. New polling data from Morning Consult, out this morning, shows the degree to which those difficulties were more concentrated among people of color.

Catch up quick: The Morning Consult/Axios Inequality Index has tracked the economic experience of adults in three wage groups since May 2020. We began publishing the findings in May of this year, and six months in, we’re slicing the data a little differently — and looking at inequality between ethnicities.