The Japanese yen is calculated differently. The dollar is placed in front of the yen in this case, as in USD/JPY. The equation for USD/JPY is dollars × exchange rate = yen. A traveler to Japan would get ¥11,000 if they want to convert $100 into yen and the exchange rate is 1...
Overnight there were mixed markets around the world as Europe continues to get a little stronger while Japan still is trying to work off excess and China lags at five-month lows. S&P futures were up 5-6 handles going into the jobs report, and despite some dismal data they remain higher p...
or an end to the promise of indefinite rollovers, the debt level would quickly become unmanageable as the cost of rolling over the debt soared. Like in Japan today, high debt levels are made manageable because of low interest rates, and the hope is that...
Central banks in Europe, Scandinavia, and Japan have implemented a negative interest rate policy on excess bank reserves in the financial system.3This unorthodox monetary policy tool is designed to spureconomic growththrough spending and investment; depositors would be incentivized to spend cash rather ...
English is such a hodgepodge of different languages – it’s essentially Germanic but a lot of its vocabulary comes from French, and technical words stem from Latin and Greek. This feature makes English fairly adaptable – which is a good thing for a world language – but it causes ...
However, because of the positive performance in the first half of the year, Japan is projected to record solid GDP growth in 2012 (IMF: 2.2 %; Postbank Research: 2.7 %). This is expected to weaken considerably in 2013 (IMF: 1.2 %, Postbank Research: 1.6 %). In the...
China is also running a 5% deficit but can outgrow it. The US is in much better shape to outgrow it's debt, than Japan or Europe. The US has been, and will continue to grow twice as fast as both at least. The US deficit was larger as a % of GDP but the % of GDP that is ...
Japan fell into an economicrecession. TheBank of Japanbegan an aggressive quantitative easing program to curb deflation and stimulate the economy, moving from buying Japanese government bonds to buying private debt and stocks. The quantitative easing campaign’s effect was only temporary as the Japanes...
U.S. unemployment would be were it not for the Fed’s QE programs. Just look to Europe’s unemployment rate, as noted by Pethokoukis. Yes, the LSAP programs are far from ideal but they are keeping Americans from experiencing the unemployment seen in Europe. In other words, QE is ...
Economic Crisis:The U.S. economy plunges into a deeprecession, marked by high unemployment, business failures, and a collapse in consumer spending. Anyone who can move their money abroad is doing so. Loss of reserve status:Foreign governments take the cue, and central banks, alarmed by the ...