Bloomberg (October 31)
“Japan’s central bank insists it still wants to cap long-term market rates,” but their “actions suggest officials are losing the stomach for it.” Kazuo Ueda is dismantling “the cumbersome legacy of his predecessor… more rapidly” than expected “when he took the helm of the Bank of Japan.” Nevertheless, BOJ officials are insisting that the “policy is only being tweaked.” This threatens “the credibility of its communications” as “key parts of the BOJ’s entire approach to setting borrowing costs are being removed or watered down.”
Tags: BOJ, Cap, Central bank, Credibility, Cumbersome, Japan, Legacy, Long term, Market rates, Officials, Predecessor, Threatens, Ueda
The Economist (October 17)
“The prime minister’s election victory in December ought to have banished the memory of Theresa May’s hobbled premiership and rendered him dominant,” but he now bears “than a passing resemblance to his predecessor.” The first COVID-19 “wave cost Mr Johnson a great deal of his political capital. If the government’s record does not improve, the second could exhaust it.”
Tags: COVID-19, Election, Exhaust, Hobbled, Johnson, May, Political capital, Predecessor, Premiership, Prime minister, Resemblance
Caribbean Business (October 1)
Although he “spent years hammering his predecessor, Barack Obama, both for playing golf and leaving Washington too often,” President Trump “appeared unconcerned with the optics of spending his Sunday afternoon watching The Presidents Cup at the Liberty National Golf Club as the crisis continued” in Puerto Rico. As victims of the hurricane clamor for help, President Trump is also expected to “present a trophy to the tournament’s winning team.”
Tags: Crisis, Golf, Golf Club, Hurricane, Obama, Optics, Predecessor, Puerto Rico, Trump, Unconcerned, Victims, Washington
