Hints and tips:
...Inaction also carries a price. Look at Syria....
...Letters in response to this article: A call to boost the World Bank’s selection process / From Gautam Kaji and others World Bank is on track to meet efficiency gains goal / From Jorg Fielden...
...Since prices are stagnant or falling — at least until recently — it does not matter so much if wages rise by only a meagre amount....
...The BoJ has also bought Y2.2tn of corporate bonds directly, which has led to “much tighter spreads [over JGBs] in the secondary market,” said Kyoko Kaji, a credit analyst at Nomura in Tokyo....
...Even after the cost to the borrower of swapping some or all of the funds into another currency, those prices can look attractive....
...But most Japanese had not yet accepted that deflated asset prices and mediocre growth were the new norm....
...“In the bubble years [of the late 1980s], Japanese were affluent, they thought high prices meant quality and wanted to pay and pay....
International Edition