RSS Feed

Calendar

March 2024
M T W T F S S
« Feb    
 123
45678910
11121314151617
18192021222324
25262728293031

Search

Tag Cloud

Archives

The Korea Economic Daily (June 15)

2023/ 06/ 16 by jd in Global News

“Everything Asian policymakers were sure they knew about 2023 is going sideways.” When the year opened, “conventional wisdom” expected “Chinese growth would help the region make up for lost economic time.” Now the worry “is about deflation risks as factory-gate prices go negative” with consumer prices in China “on the verge of contraction.” Its exports are “cratering,” but China’s falling imports are “the bigger problem for Korea, and Asia more broadly.” In May, China’s imports fell by 4.5%, “dampening hopes that post-pandemic ‘revenge spending’ by 1.4 billion Chinese would propel Asian growth sharply higher.”

 

Wall Street Journal (November 1)

2022/ 11/ 03 by jd in Global News

The European Union’s statistics agency released figures that surprised most economists. “Consumer prices were 10.7% higher in October than a year earlier.” This marks “the fastest rate of increase since records began in 1997, two years before the euro was launched,” while at the national level “Germany’s measure of inflation was the highest since December 1951.”

 

Bloomberg (June 8)

2022/ 06/ 10 by jd in Global News

“It’s not like inflation is out of control in Japan. Far from it. Consumer prices rose 2.1% in April from a year earlier, finally reaching the BOJ’s target.” Nevertheless, “after a generation of ultra-low prices, Kuroda may not have appreciated how hard it is for Japanese to embrace something they haven’t had to deal with.” In April, fresh fish and vegetables rose by 12%, “including a nearly 100% increase in the cost of onions. Talk about eye watering.” The BOJ has worked for nearly three decades “to crank up inflation from dangerously low levels. How galling that Japan may not even want it.”

 

Reuters (October 21)

2021/ 10/ 22 by jd in Global News

“Current debates about inflation are mostly concerned with how long it will persist. Will inflation be transitory, as the central bankers insist? Or will consumer prices continue rising for years to come, as the bond bears maintain?” The blind spot seems to be a consideration of “how today’s highly financialised modern economies are likely to respond to a change in the inflation regime.”

 

Bloomberg (June 26)

2014/ 06/ 28 by jd in Global News

“Japan’s consumer prices climbed at the fastest pace in 32 years, boosted by higher utility charges and a sales-tax increase that contributed to the biggest slide in household spending since the March 2011 earthquake.”

 

Wall Street Journal (April 3, 2013)

2013/ 04/ 04 by jd in Global News

“Japan’s quadrillion-yen market for government bonds is grappling with something it usually doesn’t face: volatility. Price gyrations are rising as bond investors try to assess how Prime Minister Shinzo Abe’s fresh attack on deflation will play out in a market accustomed to a steady decline in consumer prices and a cautious, predictable central bank.”

 

Financial Times (March 29)

2013/ 03/ 31 by jd in Global News

“The challenge facing Japan’s new leadership in escaping from economic stagnation and deflation was underscored on Friday as data showed further declines in consumer prices and an unexpected contraction in factory output. Haruhiko Kuroda, the new governor of the Bank of Japan, could struggle to reach his goal of generating 2 per cent inflation in two years, analysts said, after the government data indicated core consumer prices fell 0.3 per cent in February compared with a year earlier.”

 

[archive]