Abenomics: the Moment of Truth
Most satisfying of all, Japan’s government bond market has remained as serene as a zen garden.
Winning the Currency Olympics
For them the euro is like the cockroach motel – you can check in, but you can never check out.
Abe Gets His Ya-Ya’s Out
The LDP, like the Rolling Stones, is a dinosaur outfit. Both lack the energy levels of their nineteen sixties heyday , but still manage to wipe the floor…
Japan Goes For Growth
The message was clear – deflation was the fault of Japan’s inadequately fertile womenfolk, not the elite officials of the central bank
Sayonara, Mr. Bond
They walk in cool and confident, armed with their PowerPoint presentations. They leave town horizontal, soaked in red ink.
Japan Reflates
Amidst all this activity, the position of Japan is absolutely, well, pivotal. From the US point of view, a wealthy, confident and committed ally is a vital asset in what it is likely to be a long drawn out strategic game
Have a Golden Breakfast
Gold did not rise to these giddy heights by accident. A bull market of this scale requires widespread distrust of other financial assets, of the banking system, of capitalism itself
Killing Godzilla
Only right-wing nationalists, communists and neo-pagans dare propose the time-honoured method of regaining lost competitiveness
Armageddon Outta Here
The Greeks could do us all a favour by voting Trotskyite and neo-pagan and thus ending a saga that could go on for decades.
The Fish That Can Save Japan’s Economy
The bond market vigilantes appear to have gone as quiet as the sound of one hand clapping.