Archive for December 29th, 2010

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