Emergency Fiscal Action Debated to Cushion World Virus Shock

The video discusses recent actions by central banks, including rate cuts by Bangor Malaysia and the RBA, and anticipated moves by Canada. President Trump is urging the Fed to cut rates significantly. The OECD warns of a potential decline in global growth due to the coronavirus outbreak. Governments are under pressure to implement fiscal measures, with Indonesia, South Korea, Australia, and Japan taking steps to support their economies. The BoJ has conducted bond buying, and a G7 finance meeting is upcoming.

What recent actions have been taken by the RBA and Canada regarding monetary policy?

How is Japan's government responding to the economic situation?