Latest from Dan Steinbock
Tokyo plans to proceed with a sales tax increase in October, despite signs of economic weakness and signals of an end to monetary easing. But, instead of penalising the middle class, it should be solving Japan’s structural problems.
Tokyo plans to proceed with a sales tax increase in October, despite signs of economic weakness and signals of an end to monetary easing. But, instead of penalising the middle class, it should be solving Japan’s structural problems.
Dan Steinbock says the US-Mexico-Canada Agreement could become a template for major trade deals the Trump administration wants to execute around the world, but it will not be an easy sell.
Dan Steinbock says the US-Mexico-Canada Agreement could become a template for major trade deals the Trump administration wants to execute around the world, but it will not be an easy sell.
The end of US participation in the Iran nuclear deal seals the conclusion of American interest in upholding a multipolar world order, but it was achieved thanks to a loophole Obama left behind.
The end of US participation in the Iran nuclear deal seals the conclusion of American interest in upholding a multipolar world order, but it was achieved thanks to a loophole Obama left behind.
Transparency International’s annual measure of corruption is flawed because it only measures public sector corruption and is biased towards advanced economies’ interests.
Transparency International’s annual measure of corruption is flawed because it only measures public sector corruption and is biased towards advanced economies’ interests.
China’s debt-to-GDP ratio is in fact no higher than those of major countries that enjoy a higher credit rating. And, unlike these other economies, China can look forward to years of solid growth
China’s debt-to-GDP ratio is in fact no higher than those of major countries that enjoy a higher credit rating. And, unlike these other economies, China can look forward to years of solid growth
Japan's fiscal discipline is worsening. In the coming years, the consequences will be felt in Japan, the region and worldwide. In the past quarter, the economy fell into recession.
Japan's fiscal discipline is worsening. In the coming years, the consequences will be felt in Japan, the region and worldwide. In the past quarter, the economy fell into recession.
Hong Kong's lingering turmoil suggests that its economic future is not assured. Recently, the People's Daily accused Washington of colluding with Occupy Central protest organisers to try and foment a "colour revolution".
Hong Kong's lingering turmoil suggests that its economic future is not assured. Recently, the People's Daily accused Washington of colluding with Occupy Central protest organisers to try and foment a "colour revolution".
China is not known for its resilient small- and medium-sized enterprises - yet. Still, for July, the SMEs' PMI figure suggests that China's internal economic growth is gaining momentum.
China is not known for its resilient small- and medium-sized enterprises - yet. Still, for July, the SMEs' PMI figure suggests that China's internal economic growth is gaining momentum.
It has become an annual ritual. The US Department of Defence recently released its report to Congress on China's "military and security developments", which was followed by Beijing's comment that it overstated the "so-called Chinese military threat".
It has become an annual ritual. The US Department of Defence recently released its report to Congress on China's "military and security developments", which was followed by Beijing's comment that it overstated the "so-called Chinese military threat".
The recent volatility of the renminbi does not herald its weakening, but the increasing opening of the currency and still another milestone in its international ascent.
The recent volatility of the renminbi does not herald its weakening, but the increasing opening of the currency and still another milestone in its international ascent.
After two "lost decades", Japan began its bold but risky reforms a year ago. The new governor of the Bank of Japan, Haruhiko Kuroda, pledged to do "whatever it takes" to achieve the 2 per cent inflation target, seeking to double the monetary base by the end of this year.
After two "lost decades", Japan began its bold but risky reforms a year ago. The new governor of the Bank of Japan, Haruhiko Kuroda, pledged to do "whatever it takes" to achieve the 2 per cent inflation target, seeking to double the monetary base by the end of this year.