economy

U.S. Treasury’s Bid to Control Exchange Rates and Bond Yields Backfires Under Weight of $40 Trillion Debt

U.S. Treasury Secretary Scott Bessent has publicly warned speculators shorting the yen, likening himself to the “house” in a ...
economy

Projected Inflation and Output Effects of a Carbon Tax by Region

Projected Inflation and Output Effects of a Carbon Tax by Region Figure 2: A carbon tax aligned with national targets lifts ...
economy

Global and Euro Area Responses to Repeated Climate Shocks

Global and Euro Area Responses to Repeated Climate Shocks Figure 1: Euro area GDP falls sharply in the model's El Niño years, ...
economy

International Visitors to Japan versus Japanese Departures, 2015–2025

International Visitors to Japan versus Japanese Departures, 2015–2025 Figure 1: Inbound arrivals have surged while Japanese ...
economy

**Chinese Government Bonds Gain Appeal as U.S. and Japanese Debt Falters, Emerging as ‘Alternative Safe Haven’ on Stronger Yuan**

As government bonds in the United States, Europe and Japan reel from Iran War-driven inflation and mounting fiscal burdens, ...
economy

“Cheap Crude Had Kept Costs in Check” — Iran War Sends China’s Production Costs Soaring, Pushing Deflation Exit Further Out of Reach

The Iran War is upending China’s “low-cost production formula.” China had preserved its export competitiveness by combining discounted Russian and Iranian crude with vast production capacity, but the ...
economy

“The $0.0065 Barrier Falls”: BOJ Tightening and Yen Carry Trade Unwind Fuel Sharp Yen Rebound, Emerging as Key Variable for U.S. Monetary Policy

The yen has begun tracing a pronounced upward trajectory. Expectations of another interest rate increase by the Bank of Japan ...
economy

The Shift to Defined Contributions Is Changing Demand for Bonds

Pension funds are shifting fast from defined benefit to defined contribution Netherlands offers the clearest real-time test ...
economy

The Slow Portfolio Adjustment to Equity Premium Changes

Norwegian data show portfolio adjustment takes years, not months Slow adjustment turns dangerous when equity premium shifts ...
economy

“Inflation Keeps Wallets Shut” Japanese Household Spending Contracts for Eighth Straight Month, as Tax Cuts Raise Revenue and Fiscal Risks

Real household spending in Japan continues to decline. Persistently high inflation and falling disposable income have ...
economy

China Injects 70 Trillion Won into State-Owned Financial Firms, but Weak Household Borrowing and Corporate Lending Bias Blunt Stimulus Impact

The Chinese government is set to issue $41.8 billion in special sovereign bonds to recapitalize eight state-owned financial ...
economy

Total card spending converged further across income groups in July

Note: In July, lower-income households’ after-tax wage growth surpassed that of higher-income households for the first time ...