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Headline
Contrary to Kuroda’s expectation, the yen has continued strengthening despite the negative rates and is now up 6% from Feb. 28. The stock market has kept on falling and is now down 23% from its June 2015 level.
Abstract
Richard Katz's May 2016 issue of the Oriental Economist Report includes reports on the Land of Negative Interest Rates-No free lunch, Opposition Coordination Fails - No Double Election, Abe-Putin Summit in Russia - Putin’ on the Ritz, Clinton, McConnell Say no ‘Lame Duck’ Vote- Putting the Kibosh on TPP, What should he say? - Obama at Hiroshima, Fixing US-PRC Trade and Investment-Focusing on the Real Issue, But Do Dominate Its Overseas Investment - SOEs Don’t Dominate China Exports and Lixil Corp.- Domestic to Global and Back.