Economische & strategische analyse
This month's Viewpoint discusses the outlook for US corporate profits, the debt picture in emerging markets, and the lessons we can draw from Japan's experience of fiscal stimulus in the 1990s.
Ahead of the start of the Rugby World Cup in Japan tomorrow, the country’s central bank opted to stay on the touchline following its developed market peers’ recent easing moves.
Second quarter GDP growth shows improved domestic demand but further easing measures from the central bank look likely.
Both the Bank of Japan and Bank of Canada left interest rates on hold, as expected, while tweaks to guidance imply a more accommodative stance.
We examine whether Japanese households have taken on more risk in search of higher returns, and consider the implications for other developed markets.
Japanese companies continue to respond positively to the improving domestic conditions as they begin to regain some pricing power after almost two decades of deflation.