Summary
The government of Prime Minister Abe is engaged in a most concerted attempt to rescue the Japanese economy from two decades of desuetude. Monetary easing, fiscal stimulus and structural reforms are the famous ‘three arrows’ of Abe’s revival plan. To date, only one, monetary easing has had any notable success. The Japanese economy slipped into recession last year and its recovery since has been unimpressive. What are the economic assumptions behind Mr. Abe’s program? What options does Prime Minister Abe have, aside from retirement, if his plan fails? Is Japan the future of all ageing industrial societies, or is Japan a singular and unfortunate case? Please join us for a fascinating voyage East and perhaps into the future.Latest Live Videos
Editors’ Picks
AUD/USD extends its upside above 0.6600, eyes on RBA rate decision
The AUD/USD pair extends its upside around 0.6610 during the Asian session on Monday. The downbeat US employment data for April has exerted some selling pressure on the US Dollar across the board. Investors will closely monitor the Reserve Bank of Australia interest rate decision on Tuesday.
EUR/USD: Optimism prevailed, hurting US Dollar demand
The EUR/USD pair advanced for a third consecutive week, accumulating a measly 160 pips in that period. The pair trades around 1.0760 ahead of the close after tumultuous headlines failed to trigger a clear directional path.
Gold holds below $2,300, Fedspeak eyed
Gold price loses its recovery momentum around $2,295 on Monday during the early Asian session. Investors will keep an eye on Fedspeaks this week, along with the first reading of the US Michigan Consumer Sentiment Index for May on Friday.
Bitcoin Cash could become a Cardano partnerchain as 66% of 11.3K voters say “Aye”
Bitcoin Cash is the current mania in the Cardano ecosystem following a proposal by the network’s executive inviting the public to vote on X, about a possible integration.
Week ahead: BoE and RBA decisions headline a calm week
Bank of England meets on Thursday, unlikely to signal rate cuts. Reserve Bank of Australia could maintain a higher-for-longer stance. Elsewhere, Bank of Japan releases summary of opinions.