No sign of inflation in Japan

Jul 31, 2015 07:45 am UTC| Commentary Economy

At least consumer price data in Japan came in slightly above expectations yesterday. Even though the national inflation index came in a tenth below the May result at 0.4% yoy it also came in a tenth above expectations. Of...

Japan's new fiscal plan signals possiblity of complete exit from deflation

Jul 30, 2015 11:28 am UTC| Commentary Economy

Japans 2015 fiscal plan is different from the previous fiscal plan in which improving the primary balance to a surplus was the main objective. The key principle underlying in the new Japans Economic and Fiscal plan 2015 is...

Japan's new fiscal plan likely to reduce downside risks to economic growth

Jul 30, 2015 04:32 am UTC| Commentary Economy

The downside risks to Japans economic growth are likely decreased with the new revised fiscal plan, and the chance for a complete exit from deflation increased. The relief effect having proved ineffective, it was...

Upcoming FOMC and GDP release in focus amid improving data

Jul 25, 2015 06:15 am UTC| Commentary Economy

International developments moved to the back seat this week, as the risks stemming from Greek debtcrisis and Chinas equity market eased off for now. However, renewed weakness in commodity sectorand concerns over corporate...

IMF raises concerns on China's financial market accessibility

Jul 24, 2015 07:00 am UTC| Commentary Economy

The preliminary Caixin/Markit manufacturing PMI for July was softer than expected 48.2. It is the fifth straight month of contraction and more pertinently, it is the lowest reading in 15 months. The recent correction in...

Greece back in deep recession

Jul 23, 2015 00:28 am UTC| Commentary Economy

While the worst-case outcome may have been averted in the short run, macroeconomic conditions have deteriorated significantly during five months of unsuccessful talks. With banks having been closed for three weeks, they...

Euro area inflation outlook under the microscope

Jul 22, 2015 22:05 pm UTC| Commentary Economy

Headline HICP inflation fell from +3.0% at the end of 2011 to -0.6% in January 2015, before rebounding to +0.2% in June. Despite showing signs of improvement lately, core prices remained very weak, edging down to 0.8% from...