The recent volatility in Japanese financial markets has seen Abenomics come in for much (unwarranted) criticism. In turn, this has seen much greater scrutiny of the “third arrow” of Abenomics – the structural reform agenda...
In August 2002 Germany was hit by one of its most severe floods in more than a century, causing total estimated damages of €9.2bn (around 0.4% of GDP). While the current floods are unlikely to be as damaging as those...
The recent volatility seen in Japanese financial markets has spawned plenty of column inches suggesting that it marks the point at which Abenomics was revealed to be a failure. In particular, the “spike” in JGB yields, it has been...
While fully consistent with Japan’s improved economic outlook and equity market gains, the upwards shift in JGB yields since early April has raised concerns. Not least of these is the impact on the health of Japan’s banks...
The ECB’s decision in early May to cut its key policy rate to a new record low mainly reflected the deteriorating economic outlook in the euro area’s core. Today’s GDP figures provided a timely reminder of the challenges faced by...
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