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Japan's long-term debt hits new high above ¥1 quadrillion

Business / Economy May 10, 2022

Japan's long-term debt hits new high above ¥1 quadrillion

The debt grew to ¥1.02 quadrillion on the back of swelling social security costs amid a rapid graying of the population and emergency pandemic spending.

China’s green Belt and Road push leaves plenty of gray areas

Asia Pacific / Politics May 10, 2022

China’s green Belt and Road push leaves plenty of gray areas

Since China launched the Belt and Road initiative in 2013, the project has come under a lot of criticism for funding polluting activities overseas. That’s started to change with Chinese President Xi Jinping’s recent pledge to stop supporting foreign coal projects. In the past ten ...

Preventing developing-economy debt disasters

Commentary / World May 5, 2022

Preventing developing-economy debt disasters

by Rabah Arezki and Mahmoud Mohieldin

The best way to protect people from poverty and food insecurity such as that caused by the Ukraine war is to build a more inclusive social-protection system. But money remains a problem.

A powerful dynasty bankrupted Sri Lanka in just 30 months

Asia Pacific Apr 28, 2022

A powerful dynasty bankrupted Sri Lanka in just 30 months

by Kai Schultz

In recent weeks Sri Lanka has run out of cash to pay for essential goods like food and fuel, leading to long petrol lines and daily 13-hour power cuts.

Japan banks target growth in cooling U.S. high-yield debt market

Business Apr 22, 2022

Japan banks target growth in cooling U.S. high-yield debt market

by Makiko Yamazaki and Yuki Nitta

The banks are facing increasing risks and dwindling opportunities, testing their staying power.

As Russia faces potential default, investors weigh legal options

Business / Economy | ANALYSIS Apr 22, 2022

As Russia faces potential default, investors weigh legal options

by Rodrigo Campos and Karin Strohecker

Foreign creditors would typically try to band together to negotiate, go to court or in some cases seek arbitration in cases of default, but current sanctions make this difficult.

Hunger and blackouts are just the start of an emerging economic crisis

Business / Economy Apr 21, 2022

Hunger and blackouts are just the start of an emerging economic crisis

by Shawn Donnan, Eric Martin, Andrew Rosati and Jihen Laghmari

Compounding the danger is the most aggressive monetary tightening campaign the Federal Reserve has embarked on in two decades.

China hesitates on bailing out Sri Lanka and Pakistan as debt soars

Asia Pacific Apr 14, 2022

China hesitates on bailing out Sri Lanka and Pakistan as debt soars

Often accused by the U.S. of using "debt diplomacy” for political advantage, Xi Jinping’s government is becoming more reluctant to pull out the checkbook.

Tesla-backed startup made cheap power a debt burden for the world’s poorest

World Apr 7, 2022

Tesla-backed startup made cheap power a debt burden for the world’s poorest

by David Kocieniewski and Gavin Finch

Solar pay-as-you-go plans have been hailed as the answer to bringing clean, affordable electricity to millions, but the system can break down catastrophically.

Is Japan at risk of a downgrade?

Commentary / Japan Mar 25, 2022

Is Japan at risk of a downgrade?

by Jinho Choi and Kimi Xu Jiang

The COVID-19 pandemic stalled the Japanese government’s debt-control efforts, now it also has to deal with the economic fallout from Russia's invasion of Ukraine.

The 2% inflation target should be consigned to history

Commentary / World Feb 28, 2022

The 2% inflation target should be consigned to history

by Marcus Ashworth

It’s time for rigid inflation targets to be scrapped and for more flexibility to be breathed into monetary frameworks.

Financial illiteracy is not why people struggle

Commentary / World Feb 2, 2022

Financial illiteracy is not why people struggle

by Stuart Trow and Marcus Ashworth

It’s human nature to pay the creditors who shout the loudest rather than tackling financial problems in an organized fashion.

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