Deeper Analysis
Japan’s Economy in a Pause But Hopeful at the Turn of the Year
December 29, 2010
The government and Bank of Japan December economic assessments depicted a continuing pause, with weakening exports hitting industrial production and business sentiment turning more cautious. Mild deflation continues as well. Among data releases late in December were the following highlights: The November jobless rate of 5.1% was a tenth higher than its level in the […] More
Central Bank Watch
Unchanged Monetary Policy in the Philippines
December 29, 2010
Bangko Sentral Ng Pilipinas retained its key 6.0% overnight lending and 4.0% overnight borrowing rates. When the economy was contracting those rates were cut six times by a total of 200 basis points between December 2008 and July 2009, but no changes have occurred subsequently unlike the case at many other Asian central banks. A […] More
New Overnight Developments Abroad - Daily Update
Dollar and Sterling Lower
December 29, 2010
As end-2010 approaches, the dollar fell overnight by another 0.9% against the yen, 0.6% against the kiwi, 0.4% versus the Australian dollar and 0.1% relative to the Canadian dollar. There was no further change against the Swiss franc or euro and a gain of 0.8% relative to sterling. Over the past week since December 22, […] More
