Strains in the money market came to the fore once more and the US OIS spread ticked up from around 10 basis points to approximately 30 basis points. Central banks that had been slowly and carefully embarking on exit strategies from unconventional policies, found themselves pondering about and indeed implementing re-entry strategies.
At the same time, the central banks agreed to establish bilateral swap arrangements enabling the provision of liquidity in any of their currencies in addition to the already available U.S. dollar. III. Issues related to strengthening the growth potential of Japan’s economy  A.