Reuters (July 29)
“The Bank of Japan meets on Tuesday and might be doing some ‘jinarashi’ i.e. preparing markets for some changes to its unique, ultra-loose monetary policy.” With five years of mixed results, as well as “a global trade war now threatening trouble for its big exporters and zero interest rates hurting its banks, the BOJ seems to have recognized that something needs to give.”
Tags: BOJ, Exporters, Global trade war, Japan, Jinarashi, Mixed results, Monetary policy, Ultra-loose, Zero interest rates
The Economist (July 28)
“No consequence of global warming is as self-evident as higher temperatures. Earth is roughly 1°C hotter today than it was before humanity started belching greenhouse gases into the atmosphere during the Industrial Revolution.” This summer the consequences are widespread: “Heat is causing problems across the world.” But if global warming continues, “the toll on human lives is hard to imagine.” The bright spot is that better government response appears to be saving some lives. “If only the world could take in a similar lesson about the importance of stopping climate change in the first place.”
Tags: Climate change, Consequences, Earth, GHG, Global warming, Government, Heat, Human lives, Industrial Revolution, Response, Temperatures
