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Global asset managers complained that more “forceful” steps are needed to boost growth and combat deflation. And disappointment was felt in some Asian markets that had hoped for a more vigorous response.
TOKYO — Suffice to say, 2024 hasn’t turned out the way Japanese Prime Minister Fumio Kishida expected.
Pan Gongsheng isn’t famed for acrobatic skills. But on Monday (July 22), the People’s Bank of China governor embarked on a routine that will test his monetary balance, agility and motor coordination in tantalizing ways.
At this week’s Third Plenum meeting, President Xi Jinping’s Communist Party sent many of the right signals to skeptical investors worried about the trajectory of Asia’s biggest economy – including pledges to “unswervingly encourage” the private sector.
Chinese leader Xi Jinping can’t be happy his Third Plenum extravaganza is competing for headlines with events 11,000 kilometers from Beijing.
Anyone hating their job at the moment should spare a thought for Federal Reserve head Jerome Powell. In real time, investors can observe the extent to which Chairman Powell is confused about the direction of US interest rates.
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
In the middle of an otherwise mundane Congressional hearing on July 9, US Treasury Secretary Janet Yellen made an extraordinary admission: De-dollarization is now her biggest fear.
There is a lot of uncertainty in Japan about the next few years as a "transactional" Donald Trump's possible return to the Oval Office has raised business and regional security-related concerns, author William Pesek said.