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…
Japan
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…
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…
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.
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…
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…
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. Culture Day – Kyoto Botanical Gardens – November 3, 2023 Friday, November 3 was Culture Day in Japan – a public holiday and a time where all sorts of activities depicting…
Given yesterday’s detailed monetary policy analysis, I am using today to present an array of news items and some brief analytical thoughts on central bank monetary policy. The latter is based on a very interesting speech that the governor of the Bank of Japan gave in Nagoya earlier this week. The juxtaposition with the way…
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. Lost on a mountain Last weekend, we rode our bikes out to the Philosopher’s Path to the east of Kyoto, which is the last flat section before the roads start to…
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. Japanese carpentry Asian carpentry in general and Japanese carpentry in particular is a work of art. I love stopping near building sites while I am out on my bike to study…