Sep 13, 2016

Central bank's policies impeding recovery


Central bankers' "central planning" of the financial sector with controlled prices for credit are failing for the same reason as central planners of communist economies failed. It's time to allow financial markets to determine interest rates.

GDP revised upward to 0.7% for April-June quarter

Sep 8, 2016

GDP revised upward to 0.7% for April-June quarter

Japan’s economy expanded at a better-than-estimated 0.7 percent annualized pace in the April-June quarter, according to revised data showing private demand was stronger than earlier reported. An earlier estimate put annualized growth in the quarter at 0.2 percent. The economy grew at a 2.1 ...

| Sep 6, 2016

Dollar directionless around ¥103.50

The dollar moved around ¥103.50 in Tokyo trading on Tuesday, lacking a clear direction in the absence of major trading incentives after the U.S. market was closed Monday for a national holiday. At 5 p.m., the dollar stood at ¥103.35-35, almost unchanged from ¥103.36-36 ...

Aug 31, 2016

Keizai Doyukai chairman calls for end to BOJ easing policy

Yoshimitsu Kobayashi, chairman of the Japan Association of Corporate Executives, or Keizai Doyukai, said he wants no further monetary policy easing by the Bank of Japan. “We don’t want the BOJ to go any deeper than now,” Kobayashi told a news conference Tuesday, expressing ...