Archive for December 19th, 2011

Central Bank Watch

Bank of Japan Preview

December 19, 2011

The Bank of Japan’s monthly two-day policy meeting starts Tuesday.  The final scheduled Board meeting of the calendar year is usually a quiet affair.  Just twice in the last ten years, 2001 and 2008, was monetary policy changed at the December meeting, and both occasions involved adoption of an easier stance.  That continues to be […] More

New Overnight Developments Abroad - Daily Update

North Korean Dictator Dies

December 19, 2011

Kim-Jong II died of a heart attack.  His presumed 28-year-old son and heir apparent, Kim Jong Un, has been named leader of this rogue state.  However, a power struggle cannot be ruled out.  The South Korean Kospi index fell 3.4%, and the won fell, too. S&P did not announced a wholesale downgrading of Euroland member […] More