Japan, U.S. trail in hiking interest rates
The global monetary policy divide is widening as the U.S. Federal Reserve, Bank of Japan and major counterparts lag behind Norway and Australia in raising interest rates, a trend that is set to...
View ArticlePosen warns Nikkei could crash if Abe blinks on second stage of tax hike
On the wall of economist Adam Posen’s Washington office hangs a framed poster of Akira Kurosawa’s 1954 film classic, “Seven Samurai.” The memento speaks to Posen’s love of Japan, born in his days as a...
View ArticleAt odds with Krugman, economist Posen urges Abe to raise consumption tax
Adam Posen is sticking to his guns in recommending that Prime Minister Shinzo Abe raise the consumption tax. While acknowledging the levy is not likely to be raised to 10 percent as scheduled next...
View ArticleDraghi commits to €1.1 trillion QE plan in deflation fight
Mario Draghi led the European Central Bank into a new era with a historic pledge to buy government bonds as part of an asset-purchase program worth about €1.1 trillion ($1.3 trillion). The ECB...
View ArticleWith U.S. divided, China struggling, government and business leaders fret...
A polarized U.S. presidential race; question marks over China’s economic management; and a once-dominant German chancellor suddenly under threat. Those were the flash points that dominated last week’s...
View ArticleArtificial intelligence predicts BOJ policy on hold this week
The list of areas in which the machines are beating humans can now be expanded to include predicting the Bank of Japan’s next moves. As analysts search for portents as to whether the BOJ will follow...
View ArticleA year ago, Davos thought Trump would be a normal president
If there was one message that echoed through the mountains ringing Davos a year ago, it was that the business world could ignore tweets from ...
View ArticleJobs destroyed worldwide as coronavirus triggers deep recession
The world’s workers are reeling from the initial shock of the coronavirus recession, with job losses and welfare claims around the globe already running into ...
View ArticlePandemic will leave deep scars in world economy even after recovery
Just as some patients recovering from COVID-19 suffer long-lasting symptoms, it’s becoming clear that the same will be true for the global economy.
View ArticleEconomists wargame how omicron variant will impact global recovery
The new COVID-19 variant has dealt a blow to optimistic hopes of a global economic recovery, but what comes next will be dictated by scientific ...
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