30 May, 2016 by The TZ Newswire Staff Comments Off on Mizuho CEO Warns Japan Sales Tax Delay Is "Admission Abenomics Has Failed"
Mizuho CEO Warns Japan Sales Tax Delay Is "Admission Abenomics Has Failed"
It has not been a good “second coming” for Shinzo Abe, whose first stint as prime minister of Japan ended in disgrace in 2007 after an allegedly crippling bout of explosive diarrhea forced the then-prime minister to resign. To say that Abenomics has been a dismal failure would be an understatement: unable to boost inflation, unable to boost wages, plummeting trade with both exports and imports crashing to post crisis lows…
30 May, 2016 by The TZ Newswire Staff Comments Off on Do "Targeted" US Killings Of Militant Leaders Work? Not So Much
Do "Targeted" US Killings Of Militant Leaders Work? Not So Much
When Taliban leader Mullah Akhtar Mansour was killed recently in a US drone strike, we noted that experts cautioned that it would make local insurgents even less likely to participate in long-stalled peace efforts, and it would likely lead to an escalation of Taliban retaliation efforts.
30 May, 2016 by The TZ Newswire Staff Comments Off on US Gold Market Infographic
US Gold Market Infographic
The US Gold Market is best known as the home of gold futures
trading on the COMEX in New York. The COMEX has a literal monopoly on gold
futures trading volumes worldwide, but very little physical gold is actually
exchanged between COMEX trading participants, and gold inventories maintained
in COMEX vaults in New York are extremely low. This COMEX Gold Futures Market
infographic guides you through the largest gold futures market in the world,
COMEX.
30 May, 2016 by The TZ Newswire Staff Comments Off on Japan finance minister Aso: Ruling parties currently discussing sales tax
Japan finance minister Aso: Ruling parties currently discussing sales tax
Japan finance minister Aso on the wires
– PM Abe will make appropriate decision on sales tax
– Can’t comment on primary balance surplus goal
(On that ‘primary budget’ comment …. there will be scrutiny of any sales tax hike delay decision on how it impacts Japan’s deficit … I posted on this yesterday in the wrap.
30 May, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.5790 (vs. yesterday at 6.5784)
PBOC sets USD/CNY central rate at 6.5790 (vs. yesterday at 6.5784)
In Open Market operations, PBOC inject 120bn yuan through the trusty 7-day reverse repo
Very slightly weaker onshore yuan setting today
30 May, 2016 by The TZ Newswire Staff Comments Off on Japan data – Industrial Production (April, preliminary): +0.3% m/m (expected -1.5%)
Japan data – Industrial Production (April, preliminary): +0.3% m/m (expected -1.5%)
– expected -1.5%, prior 3.8%
And for the y/y: -3.5%
– expected -5.0%, prior +0.2%
Earthquakes hit a southern manufacturing hub in Kyushu island in mid-April, forcing major companies to close factories. Nevertheless, preliminary data showing a beat
30 May, 2016 by The TZ Newswire Staff Comments Off on Australia – ANZ/Morgan Weekly Consumer Confidence: 113.2 (prior week 115.7)
Australia – ANZ/Morgan Weekly Consumer Confidence: 113.2 (prior week 115.7)
The debate continues to rage … consumer confidence or consumer sentiment?
– 0.4% above its long-run average