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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."

Cedric Richmond: We won't wait on GOP for "insufficient" stimulus

Top Biden adviser Cedric Richmond told "Axios on HBO" the White House believes it has bipartisan support for a stimulus bill outside the Beltway.

  • "If our choice is to wait and go bipartisan with an insufficient package, we are not going to do that."

The big picture: The bill will likely undergo an overhaul in the Senate after House Democrats narrowly passed a stimulus bill this weekend, reports Axios' Kadia Goba.

Updated 5 mins ago - Politics & Policy

Cuomo asks for “independent” investigator into sexual harassment claims

New York Governor Andrew Cuomo at a press conference on Feb. 24. Photo: Seth Wenig/pool/AFP via Getty Images

A top aide to Gov. Andrew Cuomo said that he would authorize and "voluntarily cooperate" with an independent investigation run by New York's attorney general into claims he sexually harassed several women.

The state of play: The statement comes after a day of competing statements from Cuomo and AG Letitcia James over who would oversee an independent investigation into the governor.