Diego Areas Munhoz

For Diego Areas Munhoz's latest contributions to The Japan Times, see below:

Commentary Oct 19, 2007

Brown-out week in Britain

LONDON — British Prime Minister Gordon Brown recently had a long, bad week, but he has only himself to blame. In September, while riding high in the polls after a successful Labour Party conference, he seemed to be considering the idea that he should call ...

Commentary Sep 28, 2007

Bank crisis exposes limits of confidence

LONDON — Mortgage lending is inevitably long term. To cover such lending, banks depend on deposits by savers that may well be short term. If banks don't have enough deposits to cover their loans, they have to borrow on the interbank market. Banks are ...