Taro Aso

Renewed Downdrift in Yen

January 8, 2013

The yen is 0.3% firmer against the dollar, which otherwise shows no change against the Swiss and Australian currencies, a rise of 0.1% against the kiwi and sterling and 0.1% dips versus the yuan, loonie and euro. Share prices slipped in the Pacific Rim but are firmer in Europe. Equities fell 0.9% in Japan and […] More

Focus Returns to Fiscal Cliff Negotiations

December 27, 2012

European markets reopened after the Christmas recess.  Obama is back from Hawaii, and Congress resumes fiscal cliff talks today.  There’s no hope of a “grand bargain.”  Analysts are instead looking for some kind of short-term truce to buy time in January, but so far, neither House Republicans nor the Democrats show a predisposition to compromise […] More