{"id":7878,"date":"2019-08-04T01:08:24","date_gmt":"2019-08-03T16:08:24","guid":{"rendered":"http:\/\/www.irken.jp\/gn\/?p=7878"},"modified":"2019-08-02T16:11:12","modified_gmt":"2019-08-02T07:11:12","slug":"washington-post-august-2-3","status":"publish","type":"post","link":"https:\/\/www.irken.jp\/gn\/?p=7878","title":{"rendered":"Washington Post (August 2)"},"content":{"rendered":"<p>\u201cChina\u2019s state-driven economic model has created many problems. Monetary policy isn\u2019t one of them.\u201d On the heels of the Fed\u2019s rate cut, the ECB \u201clooks poised to follow suit in September\u201d and \u201cthe temptation is high for other central banks to fall in line.\u201d But often they\u2019re \u201ccanceling out each other\u2019s efforts,\u201d which is one reason the dollar didn\u2019t fall with the latest rate cut. \u201cDeveloped nations play out what is a zero-sum game.\u201d In the process, they\u2019re \u201cusing up the ammunition they have available to support their economies in the event of a downturn.\u201d In contrast, the PBOC has avoided playing the rate cut game and \u201cChina\u2019s 10-year government bond yield is relatively unchanged since the end of 2018.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u201cChina\u2019s state-driven economic model has created many problems. Monetary policy isn\u2019t one of them.\u201d On the heels of the Fed\u2019s rate cut, the ECB \u201clooks poised to follow suit in September\u201d and \u201cthe temptation is high for other central banks to fall in line.\u201d But often they\u2019re \u201ccanceling out each other\u2019s efforts,\u201d which is one [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[9410,9412,1203,546,2338,916,214,1615,4986,9411,4170,6327],"class_list":["post-7878","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-canceling-out","tag-china-economic-model","tag-developed-nations","tag-dollar","tag-downturn","tag-ecb","tag-fed","tag-monetary-policy","tag-pboc","tag-rate-cut","tag-temptation","tag-zero-sum-game"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/7878","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7878"}],"version-history":[{"count":1,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/7878\/revisions"}],"predecessor-version":[{"id":7882,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/7878\/revisions\/7882"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}