BlackRock lead off their view on equities with this. Its about as blunt as you’ll get from analysts:

• Many central banks aren’t acknowledging the extent of recession needed to rapidly reduce inflation.
• Markets haven’t priced that so we shun most stocks.

More detail from the asset management firm:

World Bank president Malpass

• It may take years for global energy production to diversify away from Russia, prolonging risk of stagflation
• Pressing danger for developing world is that sharp slowdown in global growth deepens into global recession
• Increased likelihood of recession in Europe

I can’t see anything controversial or even new in those remarks.

Deese was blunt earlier, saying he does not anticipate the need for a global accord to adjust currency values.

Deese referring to the ‘Plaza Accrod’ that drove the USD lower in the back half of the 1980s (the agreement was reached on September 22 1985).

• “I don’t anticipate that that’s where we’re headed,” Deese said at an event at the Economic Club of Washington, DC when asked whether there was any possibility of a global agreement to adjust currency values, as was reached in 1985.
• Deese’s rejection of a new version of the Plaza Accord, as the 1985 deal was known, came hours after Treasury Secretary Janet Yellen suggested there was little cause for concern with current moves in financial markets.

The USD has traded more strongly again in Asia today.

From the minutes release, headlines via Reuters:

• Members shared view market sentiment remains cautious, global slowdown fears heightening
• A few members said price rises are broadening in japan
• One member said wage pressures heightening
• A few members said consumer inflation to slow next fiscal year unless commodity prices continue to rise
• One member said japan is seeing an increasing chance of achieving sustained rise in inflation
• Members shared view must closely watch financial, fx market moves and their impact on economy, prices
• Members shared view rapid moves seen in fx market, must watch carefully impact of such moves on inflation
• one member said weak yen pressure may ease as global economic slowdown weighs on global inflation, leads to lower long term rates
• one member said the downtrend in the yen may change into an uptrend is the global economy faces a shock

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These are a bit wishy-washy. They are also from July. They are also preceded by the Summary. Still, FWIW there is little indication of any pivot from the BOJ here. As expected.

Those last two points on the weak yen have not aged well.

Full text: Minutes of the Monetary Policy Meeting on July 20 and 21, 2022