European Central Bank – Mario Draghi
Japan’s central bank is under pressure from the newly-elected government to step up its easy-money policies. [Read more…]
The strongest major currency
February 1, 2012 By
Japan Currency
Japan, another nation with some fine companies, continues to struggle with the aftermath of its own financial bust, which predated the American one by almost two decades. Many years of fiscal spending, much of it wasteful, has insulated its economy against collapse, but has left it with a huge burden of public debt – about 200 per cent of GDP in gross terms, and about 120 per cent in adjusted terms after stripping out inter-government liabilities. [Read more…]
