Time of Event

10:10–11:25 Tokyo time

Summary

Global risk and uncertainty have emerged as a core feature of monetary policy, macroeconomic management, and economic development in recent years. The aftershocks of the COVID-19 pandemic, the ongoing and widespread impacts of climate change, and unfolding geopolitical tensions and supply chain disruption across the world are increasingly factored into the operations and policymaking activities of central banks.

These challenges are particularly pronounced for central bankers in developing economies. As they set interest rates and craft macroprudential policy with a view to advancing financial resilience and economic development, they face a more volatile global economy, uncertain outlook, and broader range of issues with monetary implications.

During her upcoming expert lecture “Macroeconomic Policy Challenges Amid Global Uncertainty—A Central Banker’s Perspective”, Destry Damayanti, Deputy Governor of Bank Indonesia, will discuss how to manage these challenges, ensure resilience, and chart a development path in an unpredictable world. Drawing on the Indonesian context, she will discuss key policies and tools that central banks can adopt to forge financial stability and continued growth for their citizens and constituents. Deputy Governor Damayanti will focus her remarks on how monetary instruments can moderate price levels and maintain currency stability, the progress of domestic economic growth, and the Local Currency Transaction initiative with regional partners.

The event program will include opening remarks by Dean Daiji Kawaguchi, the expert lecture by Deputy Governor Damayanti, and an open Q&A dialogue with the audience. The discussion will be moderated by Professor Toshiro Nishizawa.

Objectives
  • Advance understanding of progress of development in Indonesia, as well as the future economic outlook. 
  • Broaden awareness of global risks and uncertainties with implications for domestic financial resilience, monetary policy, and macroeconomic management, and the policy responses pursued by Bank Indonesia. 
  • Draw transferrable insights from the Indonesian economy to the wider context of developing countries addressing cross-cutting challenges and seeking opportunities an increasingly volatile and unpredictable macroeconomic landscape.
  • Set out practical policy recommendations for central banks to effectively manage the social, economic, and environmental headwinds they face, ensure financial stability, and accelerate sustainable development. 
Target Participants

Policy makers, practitioners, and academics, with a particular emphasis on central bankers, financial experts, and economists.

Partner
  • Bank Indonesia  Representative Office in Tokyo
  • Graduate School of Public Policy, University of Tokyo

Event Contact