Commentary / World Apr 22, 2020
Debunking the myth of ‘helicopter money’
by Yeva Nersisyan and L. Randall Wray
What does Modern Monetary Theory actually say about financing government borrowing and spending?
Business / Economy Apr 15, 2019
Trump, despite solid U.S. growth, says Fed should fire up crisis-era stimulus
President Donald Trump said on Sunday that actions by the U.S. Federal Reserve have nicked U.S. economic growth and stock market gains by perhaps 30 percent, and that it should begin pumping money into the economy as it did during the 2007-2009 recession. Trump's latest ...
Commentary / Japan Jan 26, 2017
Trump owes everything to the Bank of Japan
by William Pesek
The rise of Donald Trump serves as a warning to Shinzo Abe: Too much quantitative easing can fan the flames of populism.
Business Nov 20, 2015
BOJ easing seen as blunt tool by one fund, blowing bubbles by another
by Kevin Buckland and Shigeki Nozawa
TCW Group Inc. says the Bank of Japan has made a mistake and should exit quantitative easing as soon as possible. Invesco Ltd. says the only error was not starting sooner. The split in views at the funds, which manage a combined $971 billion, comes ...
Business Sep 16, 2015
Bank of Japan shields bonds from equity storm with steady buying
by Shigeki Nozawa
Amid a storm of volatility in Japanese stocks, the Bank of Japan has kept the bond market a pool of serenity. The Nikkei Volatility Index surged to 48.99 on Aug. 26, the highest since the disasters of March 2011, and was at 31.92 on Tuesday. Since ...
Commentary / World Mar 15, 2015
Fed under attack for its bailouts and posturing
by Barry Eichengreen
The Federal Reserve is under attack, as bills subjecting the U.S. central bank to "auditing" by the Government Accountability Office are likely to be passed by both houses of Congress.
Business Mar 5, 2015
BOJ policymaker warns of risks of further easing on economy, prices
A Bank of Japan policymaker warned Thursday that the central bank's decision last October to ease monetary policy further would increase the risk of undermining economic and price stability in the long term. Takahide Kiuchi, one of four Policy Board members who opposed the central ...
Business / Economy Jan 23, 2015
Draghi commits to €1.1 trillion QE plan in deflation fight
by Simon Kennedy
Mario Draghi led the European Central Bank into a new era with a historic pledge to buy government bonds as part of an asset-purchase program worth about €1.1 trillion ($1.3 trillion). The ECB president side-stepped German-led opposition to quantitative easing in a once-and-for-all push to ...
Business / Economy Nov 16, 2014
The Bank of Japan is likely to keep unchanged its monetary policy at a two-day meeting starting Tuesday as it assesses the effects of the additional easing decided at its previous meeting, sources said. The central bank is also likely to maintain its assessment of ...
Business / Economy Oct 29, 2014
U.S. Fed begins policy meeting, likely to end asset-buying stimulus
The U.S. Federal Reserve began its two-day policy meeting Tuesday with speculation that the central bank is likely to end the asset purchase stimulus on the back of the improvement in labor market. The Federal Open Market Committee, the Fed's policy-setting panel, including Fed chief ...
Business Mar 10, 2014
BOJ forced into treasury bill binge amid failure to spur demand for loans
The Bank of Japan's failure to spur demand for its cheap loans is forcing it to buy more treasury bills rather than make more productive asset purchases. The BOJ has raised holdings of bills maturing in one year or less by ¥7.21 trillion this year ...
Commentary / World Mar 9, 2014
Flexible exchange rates offset tapering effects
by Koichi Hamada
Since most major economies operate under a flexible exchange-rate regime, financial market concerns about capital flight from developing countries as the U.S. Fed exits its quantitative easing policy are largely unwarranted.