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Business & FinanceTechnology

Reuters reveals how big data helping guide BOJ

Reuters reported exclusively how big data is providing some surprising results for the Bank of Japan and helping ease concerns about pressure on the economy during the coronavirus pandemic, which could influence the way the BOJ manages the world’s most radical monetary stimulus. By tapping data provided by Google showing people’s movement via mobile phones, the BOJ found that households’ discretionary spending rebounded faster and more vividly in Japan than in other countries after lockdown steps were lifted in May.

Article Tags
Topics of Interest: Business & FinanceTechnology
Type: Reuters Best
Sectors: Equities
Regions: Asia
Story Types: Special Report / Insight
Media Types: Text
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