#competitive devaluation

[notayesmanseconomics]

The Tokyo Whale is having a ball as Japanese equities finally reach a new high

Yesterday brought some news which was in a sense rather epic as well as being involved in quite a few economic themes. So let us look at the news via the Japanese owned Financial Times. Japan’s main stock market index has climbed past its all-time high after a 34-year wait, exceeding the record level reached during the country’s late-1980s asset bubble. The Nikkei 225 index of the biggest…

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[notayesmanseconomics]

Where next for the Japanese Yen and the Bank of Japan?

Where next for the Japanese Yen and the Bank of Japan?

As the third most traded currency the Japanese Yen is one of the bedrocks of the world economy. In spite of the size and strength of the Japanese economy the currency tail can wag the economy dog as we saw on the period of the “Carry Trade” and its consequences. For newer readers I looked at the initial impact back on the 19th of September 2016.

 Ironically if done on a large-scale as happened…

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[mystlnewsonline]

BEIJING | China's yuan sinks to 10-year low against dollar

BEIJING | China’s yuan sinks to 10-year low against dollar

BEIJING  — China’s yuan sank to a 10-year low against the dollar on Monday, coming close to breaking the politically sensitive level of seven to the U.S. currency.

The yuan declined to 6.9644 per dollar at midday, passing its most recent low in 2016 before recovering slightly. It was the lowest level since May 2008.

The currency’s weakness is one of a series of elements fueling Washington’s trade…

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[notayesmanseconomics]

The economic consequences of Brexit for the Euro area

The economic consequences of Brexit for the Euro area

After looking mostly over the past few days about the likely economic future for the UK post Brexit it is time to widen the perspective and look at the implications more widely in Europe. As it and the UK go through a phase of what Chris Martin and Gwyneth Paltrow described as “consciously uncoupling” there are many implications across Europe. This was on the mind of ECB ( European Central Bank)…

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[notayesmanseconomics]

Is Abenomics in Japan all about the stock market and the Yen?

Is Abenomics in Japan all about the stock market and the Yen?

Today has seen already some developments which will be regarded ruefully in Tokyo. Of course such things are an ever-growing list out there but one is a combination of an own goal and changes in the UK situation. The own goal is the way that the Japanese Yen has rallied since the Bank of Japan announcement that it would cut (some) interest-rates to -0.1%. The initial impact saw its effective or…

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[infoterrorism]

The Fallacy that Weakening Your Currency Generates Prosperity

http://dlvr.it/Cy7pzy

[samkent1-blog]

Forxer

Forxer #forex #forexsecrets #trading #finance http://www.forxer.com/eu-proposes-improvements-to-euro-zone-economic-governance/

EU proposes improvements to euro zone economic governance

Commission integration plan to ward off crises like Greece Boards in each country to consider competitiveness Commission to spell out details later in year   By Jan Strupczewski and Francesco Guarascio BRUSSELS, Oct 21 (Reuters) – The European Commission proposed on Wednesday...

[samkent1-blog]

Forxer

Forxer #forex #forexsecrets #trading #finance http://www.forxer.com/india-cenbank-head-urges-imf-to-act-against-extreme-policies/

India cenbank head urges IMF to act against 'extreme' policies

MUMBAI, Oct 19 (Reuters) – India’s central bank governor urged the International Monetary Fund on Monday to play an active role in questioning the stimulus policies of developed economies and called on emerging markets to have a bigger voice in global debates. Raghuram Rajan,...