Analysis: In Japan, a weaker yen may not be the blessing it once was
A weak yen, once seen as favourable for Japan’s exports-focused economy, has now become a pain point as it eats into household finances and confounds policymakers.
Marketmind: Melt up?
As confidence grows that the world’s biggest central banks are in no hurry for raising interest rates despite progress on the jobs and post-COVID reopening fronts, stock markets have powered to new record highs. A stronger S&P 500 close on Tuesday would see it notching its longest winning streak since 2004.
Aussie jumps as inflation data sparks rate hike talk, yen becalmed before BOJ
The Aussie dollar jumped on Wednesday as surprisingly strong inflation data raised the possibility of sooner-than-planned rate hikes, while the yen was calm as Japan’s central bank is seen retaining its easy monetary policy stance later this week.
Marketmind: Pandeconomics part 2
Slowly but surely, global policymakers are entering a new phase of their economic response to the pandemic.
Marketmind: Transitory faith in transitory inflation
Say your economy is growing at about 5% annually, it just hit a 10-year inflation high of 3% read more amid labour shortages and enjoys negative yields on benchmark government bonds .
Fed’s Mester not ready to accept recent inflation surge as meeting central bank’s goal
Cleveland Federal Reserve Bank President Loretta Mester said on Monday that the U.S. economy is recovering strongly but she is not yet convinced that recent inflation readings will be enough to satisfy the price stability goal the U.S. central bank revamped a year ago.
South Korea’s youth debt binge shows no sign of slowing as rate hike looms
When South Korea announced new lending curbs last month, Joe Park, a 34-year-old grocery chain purchasing manager, scrambled to borrow more money before the tighter rules took effect.
Delta delays great exit as RBNZ holds fire on hikes
The Delta variant has delayed an expected rate hike in New Zealand, leaving Norway likely the first G10 economy to begin the journey out of an era of emergency-level interest rate lows.
Asian shares fall as Delta fears eclipse Wall Street uptick
Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment even as tame U.S. inflation eased fears the Federal Reserve would rush to reduce its economic support.
China’s industrial profit growth slows in June on high raw material prices
Profit growth at China’s industrial firms slowed for the fourth straight month in June, as high raw material prices weighed on factories’ margins, pointing to some weakness in the recovery of the world’s second-biggest economy.
