Central bank governors from more than 30 countries will convene next week in Tokyo for a monthly meeting of the Bank for International Settlements and the third meeting of the Executives' Meetings of East Asia and Pacific Central Banks.
According to the Bank of Japan, host of the BIS meeting to be held Monday at its Tokyo head office, 45 member banks have been invited and more than 30 banks, including some nonmember banks from Thailand, Indonesia and other Asian countries, are expected to participate. This will be the first time that Tokyo hosts a BIS meeting.
Bundesbank President Hans Tietmeyer will chair the meeting. BIS President Alfons Verplaeste, Alan Greenspan, chairman of the U.S. Federal Reserve Board, and BOJ Gov. Masaru Hayami will also take part, the BOJ said.
As at the usual monthly meetings in Basel, discussion sessions are planned by all governors and by the group of 10 governors, the BOJ said. Stabilization of currencies after the financial crisis in Asia last year is expected to become a major topic.
At the third meeting of the 11-member EMEAP, to be held Tuesday at the BOJ, governors of Asian central banks are expected to continue discussions on their regional economies, the BOJ said.