World Bank head Jim Yong Kim speaking from Shanghai

  • coordinated G20 fiscal and mon pol difficult to do
  • hard to get uniformity in absence of a major crisis
  • welcomes ECB and BOJ action on neg rates

Well that's all confirmed then folks. We don't have a major crisis. Everyone can relax.

My one question in that case. What exactly does constitute a major crisis Mr Kim ?

Japan and China are both begging for something to happen this time around and you're pouring a big bucket of water over it all. Ok so it's rare we get anything of note nowadays but tell ya what, why don't you all save the taxpayer a load of money and have a Skype conference call instead for 2 days.