Markets
TOE Alert: Is Japan's potential growth really just 0.5%?
written by Richard Katz on November 30, 2015
Japan’s productivity growth faces two challenges from the labor side: a demographic crunch in which each worker must finance the livelihood of more retirees and an erosion of the skills of the labor due to the rise of non-regular workers to 37% of the labor force.
How Will BOJ Respond to Return of Deflation?
written by Richard Katz on September 25, 2015
By one measure, deflation, like the swallows at Capistrano, has returned to Japan. According to the official target of the Bank of Japan (BOJ)—the consumer price index (CPI) except for fresh food—prices fell -0.1% in August from last year. This is the first time Japan has seen deflation since April 2013.
Data Round-up: Bond Issuance Up Sharply as Fed Clings to Ultra-Low Rates
written by Michael Lewis on September 18, 2015
FMI’s review of today’s 15Q2 U.S. Financial Accounts (formerly known as Flow of Funds).
How Much Do Stock Prices Help Abe?
written by Richard Katz on July 14, 2015
In this report, Richard argues why Abe's belief that the rising stock prices will help his overall approval rating is incorrect.
TOE Alert: Consumption and Real Income Slowly Recovering, but Still Below Pre-Tax Hike Levels
written by Richard Katz on June 26, 2015
Japan's household spending is rebounding from its post-tax hike bottom, but at a very slow pace and in a zig-zag fashion.
U.S. Financial Accounts: 14Q4 March 12, 2015, Household Net Worth & Tax Burden
written by Michael Lewis on March 12, 2015
FMI’s analysis of today’s 14Q4 US Financial Accounts (formerly known as Flow of Funds) data.
