Japan Caught In Crossfire Of US-ChinaTrade War

Treść źródłowa

Source: https://data.imf.org/en/datasets/IMF.STA:IMTS(While free subscribers will continue to get all my regular Posts, this is the last of the new Memos that I’ll send to free subscribers. After that, the Memos will only go to paid subscribers. Free subscribers will see just a small preview containing the initial passages. Those who wish to get the Memos can subscribe for $50 per year, and get instant access, by pressing the subscribe button. If you only wish to get a particular Memo, you can subscribe for just a month for $5. You’ll get instant access to that Memo, and then you can cancel. This will entitle you to any other Memos I put out during the following 30 days.)FLASH: Prime Minister Sanae Takaichi appointed two dovish members to the Bank of Japan Policy Board, a move seen as likely to slow interest rate normalization. In response, the yen softened a bit, and interest rates on 10-year Japan Government Bonds rose slightly. However, the moves are well within the trading ranges prevailing under Takaichi.FLASH 2: Takaichi lied when she claimed suspending the consumption tax on food was “a long cherished goal,” according to President Magazine Online, which examined 1,000 posts on her blog. In truth, she argued that “the burden of consumption tax on the public is low” and that “raising the consumption tax rate ultimately benefits the people.” A day after the exposé, she deleted her entire blog and then gave a lame excuse when opposition Diet members asked her why she hid her true views.---------------------------------------------------------Japan faces a trade war launc…