South China Morning Post (September 17)
“What is clear is that while the US is putting pressure on Japanese monetary policy, Japan could end up putting global markets under more strain.” Aside from undermining the Bank of Japan’s credibility, the outside pressure could “cause the yen carry trade… to unwind,” leaving especially exposed “technology-heavy stock markets such as South Korea and Taiwan.” Moreover the “higher Japanese bond yields could draw capital away from the US Treasury market, which is already under pressure because of the Fed’s hawkish pivot.”
Tags: BOJ, Bond yields, Carry trade, Clear, Credibility, Exposed, Fed, Global markets, Japan, Monetary policy, Pressure, South Korea, Strain, Taiwan, U.S., Undermining, Unwind, Yen
The Guardian (September 24)
“European leaders have been pulled to the right on migration, the climate crisis and Israel. Their weakness is undermining the democratic principles on which the EU was built.” If they “remain still and silent, hoping Trump will simply fade away, they risk giving up not just their dignity but their political agency. By doing so, they are allowing far-right forces to fill the void and tilt the balance permanently.”
Tags: Climate crisis, Democratic principles, Dignity, EU, Europe, Far right, Israel, Leaders, Migration, Political agency, Risk, Silent, Still, Trump, Undermining, Void, Weakness
New York Times (January 19)
“America’s leaders and institutions must remain undeterred. They will need to show courage and resilience in the face of Mr. Trump’s efforts as they continue to play their unique roles in our democracy. Vigilance is everything: If institutions surrender to the fear and coercion — by bending the knee or by rationalizing that the next right actions aren’t worth the fight, stress or risk — they not only embolden future abuses; they are also complicit in undermining their own power and influence.”
Tags: Abuses, Coercion, Complicit, Courage, Democracy, Efforts, Fear, Institutions, Leaders, Power and influence, Resilience, Surrender, Trump, U.S., Undermining, Vigilance
