The Likelihood of BoJ Easing Next Week

The Fed’s Thursday easing announcement paves the way for the BoJ to announce its own asset purchase program expansion at next week’s policy meeting, in line with our previous view. There are certainly risks to this call: Just today the government released machine orders data showing a far more resilient July than expected, and earlier […]

Japan: Inflation Expectations and Real Interest Rates

There is evidence that inflation expectations are firmly moving into positive territory after languishing below zero following the onset of the global financial crisis. The 7y breakeven has stabilized at around 0.53% over the past couple of weeks, after averaging -1.1% from December 2008 to December 2011. This jump has helped move the 7y real […]

Bo’s Fall and the Macau Web

Bo Xilai, the former Party secretary of the municipality of Chongqing, was removed from his post on March 15 after a flurry of rumors dominated the lianghui (two-sessions) of the National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC) about Bo’s demise. Rumors swirled in the opening days of the two sessions after the South China […]

China’s Statistical Failures

For China’s onlookers, it is no surprise that official data can sometimes befuddle even the most capable of minds. Yet, China’s National Bureau of Statistics (NBS) is not blind to its reputation for less than spotless data collection and release. A brief exploration into China’s economic indicators can reveal much insight into the dilemmas the […]

Why RBI Should Be on Hold

Indian monthly inflation number for August was released today and it showed a minor uptick. There is a possibility that this will goad India’s central bank, the RBI (Reserve Bank of India) to continue with its hawkish stance, irrespective of the disastrous IP number released earlier this week. The feeling is that, the IP number […]

Yoshihiko Noda: On Record

On August 29, 2011, Japan’s Finance Minister Yoshihiko Noda was elected head of Japan’s ruling-Democratic Party of Japan (DPJ). He is expected to be approved as Prime Minister on August 30 by the DPJ-controlled Lower House. The following sampling of comments by Noda explain his positions on forming a coalition, Japan’s fiscal and monetary policy, […]

Japan’s Surging LNG Demand

Introduction Uncertainty over the future of nuclear power in Japan and the spectre of power-supply shortages continue to weigh on business sentiment and pose downside risk to Japan’s economic rebound. More than five months have passed since the March 11 earthquake and tsunami and only 15 of Japan’s 54 nuclear reactors are in operation (see […]

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