Japan

Created
Mon, 19/02/2024 - 16:40
Last week (February 15, 2024), the Japanese Cabinet Office released the latest national accounts estimates for the December-quarter 2023 – Quarterly Estimates of GDP for Oct.-Dec. 2023 (The First preliminary) – which showed that the economy had slipped into an official recession (two consecutive quarters of negative GDP growth) and in the process had moved…
Created
Wed, 31/01/2024 - 14:31
Today (January 31, 2024), the Australian Bureau of Statistics released the latest – Consumer Price Index, Australia – for the December-quarter 2023. The data showed that the inflation rate continues to fall sharply – down to 4.1 per cent from 5.2 per cent in line with global supply trends. There is nothing in this quarterly…
Created
Wed, 17/01/2024 - 16:54
The latest information from Japan suggests that in December 2023, its inflation fell sharply for the second consecutive month and that one might conclude the inflation episode is coming to an end. The Bank of Japan made the assumption that this supply-side inflation was temporary and would subside fairly quickly once those constraints eased. And…
Created
Mon, 08/01/2024 - 16:31
On June 8, 2021, the UK Guardian published an Op Ed I wrote about inflation – Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman. In that article, and in several other forums since – written, TV, radio, presentations at events – I articulated the narrative that the current inflationary…
Created
Wed, 20/12/2023 - 08:00
It’s Wednesday and I have some commitments in Melbourne (recording a podcast with the Inside Network) and that requires some travel. So time is tight. Today, I update the latest from Japan courtesy of yesterday’s release from the Bank of Japan of its ‘Statement on Monetary Policy’. The parallel universe continues and is delivering superior…
Created
Tue, 19/12/2023 - 00:39

Dive into the intricate geopolitics of Northeast Asia with Tim Shorrock in today's MintCast interview, exploring the shaping of Japan and South Korea by the United States, their complex political landscapes, and the potential for regional unification amidst growing U.S.-China tensions

The post South Korea and Japan Emerge as Key Battlegrounds in US Strategy Against China, Featuring Tim Shorrock appeared first on MintPress News.

Created
Wed, 29/11/2023 - 17:16
Today, I consider the latest development in the entrenchment of neoliberalism in the Australian policy sector, specifically, the latest decision by the Treasurer to excise his powers under Section 11 of the Reserve Bank Act 1959, which allowed the Treasurer to overrule RBA policy decisions if they considered them not to be in the national…
Created
Tue, 21/11/2023 - 11:54
This is my last Report from Kyoto for 2023. I will be returning to my work there in 2024 and there are still lots of things to report on. I seem to discover more as I learn more, which is always a good thing. Anyway, our bikes are back in storage, our cases packed and…