Tag - global-economy

 
 

GLOBAL ECONOMY

JPMorgan Asset has wagers that profit when the yield gap between shorter and longer-term Japanese bonds narrows, and is among those mapping out the BOJ’s next policy step after a wild week of trading.
BUSINESS / Economy
Aug 10, 2024
JPMorgan Asset gameplans for risk BOJ hikes are done this year
"It’s pretty clear that the Bank of Japan is not going to move until markets settle down,” said the head of global rates at the firm.
Traders work on the floor of the New York Stock Exchange on Monday as selloffs in global markets, including Japan’s Nikkei 225 index, deepened amid concerns about a slowdown in the global economy.
EDITORIALS
Aug 9, 2024
BOJ rate hike spooked markets, but it's not the sole culprit
Unwinding decades of loose monetary policy was always going to be challenging, and the global economy must brace for similar adjustments from other central banks.
The turmoil affecting global markets came on the heels of Bank of Japan Gov. Kazuo Ueda’s decision to raise rates, but you can't fault him given the volatile worldwide economic conditions.
COMMENTARY
Aug 6, 2024
Tokyo market rout — oops, the BOJ did it again
Japan’s central bank isn’t responsible for the bloodbath. But it’s reliving a terrible habit of hiking rates at the worst possible time.
Kohei Saito, associate professor of philosophy at the University of Tokyo, in a "common forest" in Hachioji, Tokyo, in July
JAPAN
Aug 6, 2024
Slow down to save the planet, says Japanese philosopher Kohei Saito
Capitalism is the root cause of climate change, and we need to stop chasing growth, Saito argues.
By enabling a few wealthy individuals to wield disproportionate influence, today’s global economy increasingly marginalizes and disenfranchises much of the world’s population.
COMMENTARY / World
Aug 4, 2024
To preserve democracy, tax the rich
What the world needs are progressive tax systems that redistribute income from the rich to the poor without weakening socially beneficial incentives.
China always seems to be one step ahead of America in economic strategies, advancing in electric vehicle and battery production while the U.S. struggles to keep up with evolving trade and supply chain challenges.
COMMENTARY / World
Aug 2, 2024
West plays 'whack-a-mole' as China dominates EV and battery sectors
A more proactive, multilateral approach by the U.S. to supply chain and trade policy is necessary to counter China’s economic influence.
Brazilian Economy Minister Fernando Haddad arrives for a news conference during a break at the Group of 20 finance chiefs' meeting session in Rio de Janeiro on Friday.
BUSINESS / Economy
Jul 27, 2024
G20 pledges to work together to tax ultrarich
The topic of tackling tax-dodging billionaires dominated the two-day meeting in the Brazilian city, which will host the next G20 summit in November.
International Monetary Fund guidance on industrial policy must balance protection with market discipline and emphasize fiscal prudence.
COMMENTARY / World
Jul 25, 2024
What fiscally sound industrial policy can do
Industrial policy can help countries cope with growing economic and political uncertainty. But the details matter.
The Porsche booth at the Beijing International Automotive Exhibition in Beijing on April 25
BUSINESS / Economy
Jul 24, 2024
China’s slowdown is taking a rising toll on European profits
From luxury brands to carmakers, more trouble is coming for European businesses heavily reliant on demand in the Asian economic giant.
Artificial intelligence is transforming various business sectors and the economy. But concerns about humanoid robots replacing all jobs are unfounded, as human dexterity will remain essential for the foreseeable future.
COMMENTARY / World
Jul 23, 2024
AI is making robots smarter. They’ll need boundaries.
Where AI meets the physical world — and creates the potential for conflicts — is in manufacturing and logistics.
The 2024 presidential race throws another curveball at the markets with U.S. President Joe Biden dropping out of the race.
BUSINESS / Markets
Jul 22, 2024
How investors are reacting to Biden dropping reelection bid
Many investors are waiting to see who the new Democratic nominee will be, with some uncomfortable about the uncertainty.
Unfortunately, the Bank of Japan kept monetary policy too tight after the 1985 Plaza Accord, leaving Japan mired in deflation and recession for two decades. 
COMMENTARY / World
Jul 21, 2024
Does the world need a Plaza Accord 2.0?
Unfortunately, the Bank of Japan kept monetary policy too tight after 1985 Plaza Accord and Japan was mired in deflation and recession for two decades.
Foreign Minister Yoko Kamikawa (center-left) meets with Samoan Prime Minister Afioga Fiame Naomi Mata’afa (center-right) in Samoa in February. Like other Pacific island and Global South states, Samoa is caught in the crossfire of the U.S.-China rivalry.
COMMENTARY / Japan / Geoeconomic Briefing
Jul 11, 2024
Japan can help Global South navigate U.S.-China clash
As Washington and Beijing adopt more inward-looking foreign policies, Japan can be a bridge to Global South countries, whose main concerns are security and growth.
Electronic waste — also known as e-waste — from computers in a junk shop in Metro Manila, Philippines
BUSINESS / Tech
Jul 11, 2024
U.N. warns digital economy drive is damaging the environment
The U.N. agency called for sustainable strategies to counter the growing environmental toll digitalization creates, particularly in developing countries.
How policymakers have responded to past economic crises, such as the 2008-09 financial crisis and the COVID-19 pandemic, will shape their preparedness in dealing with future recessions. 
COMMENTARY / World
Jul 8, 2024
Policy lessons from recent economic crises
Eventually, the world will face another recession. How will policymakers use the lessons learned from the 2008-09 financial crisis and COVID-19 pandemic to respond?
Bill Gates delivers a speech at the Global Solutions Summit in Berlin in May. He and his ex-wife Melinda Gates started the Bill & Melinda Gates Foundation, which has had a far-reaching impact on global health and sustainability.
COMMENTARY / World
Jul 5, 2024
The economics of philanthropy
Philanthropy can help bridge the gap between the haves and have-nots. But wealthy people need more of an incentive to give than just being altruistic.
Container ships are berthed at PSA's Pasir Panjang Terminal in Singapore in July 2019.
BUSINESS / Economy / ANALYSIS
Jun 26, 2024
Singapore port congestion shows global impact of Red Sea attacks
Global port congestion has reached an 18-month high, with 60% of ships waiting at anchor located in Asia.
Pedestrians cross a road in Pudong's Lujiazui Financial District in Shanghai. China has long touted itself as the world’s safest nation, making rare outbursts of public violence stand out.
ASIA PACIFIC / Crime & Legal
Jun 22, 2024
China’s spate of violence prompts outburst of economic anxiety
The reaction of Chinese social media users to a spate of recent violent attacks has exposed widespread discontent about the nation’s downturn.
The dollar’s reign has wreaked havoc across currency markets, especially in Japan where ultralow interest rates have sent the yen spiraling down more than 11% against the greenback this year.
BUSINESS / Economy
Jun 22, 2024
Dollar winning streak extends into fifth week as yen slumps
The dollar’s reign has wreaked havoc in Japan where low interest rates have sent the yen spiraling down more than 11% against the greenback this year.
The European leader to watch in the months and perhaps years ahead is Italian Prime Minister Giorgia Meloni, whose far-right party was among the big winners in the recent European elections.
COMMENTARY / World
Jun 19, 2024
EU populists are blind to the real threat to the bloc
The center-right will continue to dominate parliament, the surge in support for the extreme right evokes memories of the ugliest moments of the 20th century.

Longform

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What it takes to save lives on Mount Fuji