Dollar hit by a bout of selling to slip below ¥106 in Tokyo trading
The dollar slipped below ¥106 in Tokyo trading late Tuesday, hit by a bout of selling after moving in a narrow range for the majority of the day. At 5 p.m., the dollar stood at ¥105.98-98, down from ¥106.25-26 at the same time on Monday. ...
Prime Minister Shinzo Abe should correct U.S. President Donald Trump's misguided views on Japan's currency policy.
Fears grow at BOJ that Trump tweets could terminate drastic easing program
The Bank of Japan is becoming increasingly wary of tweets by U.S. President Donald Trump ahead of its first policy meeting since he took office, fearing his remarks could thwart its long-shot efforts to achieve 2 percent inflation and end decades of deflation. Fears are ...
Finance Minister Taro Aso said Tuesday the government will not rush to weaken the yen, although sharp swings in the currency markets are "undesirable." "Regarding currency intervention, we will not do it so easily," Aso told a news conference. He added, any action the government takes ...
China suffering from a transparency problem
Effective communication with market participants and real-economy players will be crucial if China is to achieve market credibility and stability.
Seven years after the global financial crisis, leverage worldwide is higher than ever, and aggregate demand is still insufficient to drive robust growth.
Good reasons not to panic over China's troubles
While there are legitimate reasons to be concerned, there's good cause to believe China isn't about to deal capitalism another near-death experience.
China wants great power, not responsibility
Beijing still believes money can buy the trust and soft power it craves, but as long as the government's pronouncements aren't seen as genuinely reliable, skepticism about the yuan will only grow.
China has been transforming from a follower of rules to a rule maker and even a rule breaker thanks to the weight of its economy.
