household spending

Japan’s Not Really A Domino, Though The Timing Is Right

By |2018-09-07T17:41:19+00:00September 7th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

This year is just different. Increasingly so. Not just in one or two places, either, but in way too many places. In Japan, for instance, real Household Spending rose by the smallest amount in July, according to the latest estimates from Statistics Japan. In 2017, this would have been a worrisome sign. In 2018, it [...]

Questions Not of Success, But of the Effectiveness of Illusion

By |2018-03-06T11:54:09+00:00March 6th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Last week, Bank of Japan Governor Haruhiko Kuroda unleashed a mini-controversy with remarks he now claims were taken somewhat out of context. On March 2, speaking before Japan’s parliament, the central banker sure sounded quite confident: Right now, the members of the policy board and I think that prices will move to reach 2 percent [...]

It’s Just Not ‘Reflation’ Without The Official, Groundless Upgrades

By |2017-01-31T18:55:03+00:00January 31st, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Bank of Japan raised its growth outlook, keeping monetary policy unchanged at its latest meeting. In the latest to be swept up in “reflation”, Japan’s central bank even trumpeted (pardon the pun) the expected Trump “stimulus” as a reason to be more optimistic. Why wouldn’t they? After all, there is no place on Earth [...]