The Bank of Japan at its October 30–31 Monetary Policy Committee meeting kept its policy unchanged while indicating it was willing to lower interest rates further into negative territory from their current low levels if needed to maintain progress towards the 2% inflation objective. he decision not to cut rates at this time was based […]
Yesterday the Bank of Japan (BOJ) announced in a report “Strengthening the Framework for Continuous Powerful Monetary Easing” that its extraordinary policies will be maintained for an “extended period of time”. During the past week, rumors and speculation about possible monetary policy changes at this week’s BOJ meeting caused great uncertainty in Japan’s fixed-income market. […]
In this note we take a closer look at Japan, where the equity market has also so far weathered some very dramatic domestic political storms. The Japanese economy is participating in the global economic recovery that is projected to continue at least through this and next year, and in the accompanying strong growth in global trade, which should persist unless a serious trade war develops.
An isolated Pacific island barely big enough to accommodate an airstrip has gained global importance (see photo: https://en.wikipedia.org/wiki/File:Marcus_Island_DF-ST-87-08298.JPEG). Some 787 miles east of South Iwo Jima, Marcus Island, or as the Japanese call it, Minami-Tori-shima, meaning “Southern Bird Island,” is the southernmost island under Japanese governance and within the Japanese economic security zone. In its history […]