Macro


Aren't We Friends Anymore? - Part 1

Congressional Republicans taking tougher line on Japan vis-à-vis trade/TPP than does Obama.

Aren't We Friends Anymore? - Part 2

In the next installments of this series, Richard Katz will lay out a scenario of what would be required to get TPP through Congress and a discussion of whether those conditions are being met.

Aren't We Friends Anymore? - Part 3

In thinking through a path by which the Trans-Pacific Partnership (TPP) could be ratified by Congress, here is the only scenario we—or others we have consulted—can come up with.

Aren't We Friends Anymore - Part 4

Republicans say Obama has failed to show leadership in conducting private negotiations and lobbying with Republicans and Democrats on the content of TPA, thereby making it harder to get a TPA done in time.

GOP Gets Tough on TPP

Many in Japan were shocked when Republicans on Capitol Hill began castigating President Barack Obama for being too soft on Japan regarding the Trans-Pacific Partnership (TPP) trade negotiations.

Currencies and Japanese Vs. Korean Exports

One of the big surprises to most economists was how little Japan’s exports have responded to the 22% depreciation of the yen since autumn 2012.

2nd Quarter GDP, Consumption Worse than 1997

The fallbacks in consumption and GDP were both markedly worse this April-June than after the analogous tax hike in 1997.

Japan GDP Plunge Worse than 1997

The larger-than-expected plunge in April-June GDP and the disappointing initial economic indicators for July have shown that the underpinnings of Japan’s economic recovery are far weaker and more fragile than the Abe administration, and most economists, had presumed.

Yen Weakens on US Interest Rate Speculation

After spending month after month in the ¥102/$ range, the yen finally seemed to resume to depreciation on which the Abe team is counting so much. It’s a small breakout: just a couple percentage points to the ¥105/$ range, the cheapest the yen has been since last December

Japan GDP Revisions Called "Horrendous"

Consensus forecasts for japan GDP for FY2014 downgraded to 0.4% from 1%.

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