The Bank of Japan announced today (November 28) that it has joined the NGFS.
The former reassures markets that any temporary disfunctionalities in the way markets work will not impede the transmission of the ECB’s monetary policy intentions to the economy. 13  Ehrmann, M. and M. Fratzscher (2005), “How Should Central Banks Communicate?”, ECB Working Paper, No 557. 14  See Blinder (2004), “The Quiet Revolution: Central Banking goes modern”, New Haven, CN, Yale University Press.