Commentary / Japan Sep 23, 2022
Japan’s intervention underlines its interest rate isolation
The yen is paying the price for the Bank of Japan’s ultraeasy monetary stance. Until the bank shifts, a sustained rally is very difficult.
The yen is paying the price for the Bank of Japan’s ultraeasy monetary stance. Until the bank shifts, a sustained rally is very difficult.
The former premier knew what he wanted from monetary stimulus and the person to get him there: BOJ Gov. Kuroda. But does Japan still support those policies?
The former Fed chief Bernanke had a famous recipe for setting monetary policy that relied heavily on communication. Officials today would do well to scale it back.
The currency hit its weakest level since 1998, prompting speculation Japan might intervene again. But the world is a very different place today.
It’s troubling enough that a Marcos will again lead the Philippines. Bongbong will need deftness in a world as complicated as any his father faced.
People can finally move freely across the Singapore-Malaysia border. Rather than a big surge in spending, they’re enjoying the small stuff with their families.
China looks determined to quash — rather than live with — COVID-19. An overly muscular economic response, too, may do as much harm as good.
Prime Minister Suga will lift emergency pandemic restrictions that have hampered the country’s economy, but it will get progressively harder for the new leader from there.
China's V-shaped recovery is showing less vigor. Authorities have gone from worrying about too strong a resurgence to scrambling to put a floor under a new slowdown.
COVID-19 didn’t create the city's economic and social anxieties, but it brought them to the surface.