Category: Trade

How The Federal Reserve Turned Japanese

FORBES William Pesek If there’s anyone who understands Jerome Powell’s pain, it’s Japan’s Toshihiko Fukui. Need to Google him? Granted, a whole lot has happened since Fukui left the Bank of Japan in March 2008 after serving five years as governor. The Lehman Brothers crisis. The Federal Reserve “taper tantrum.” Brexit. Donald Trump! One can
CONTINUE READING

Japan’s Abenomics Gets Caught Swimming Naked

FORBES William Pesek Contributor I write about economics, markets and policymaking throughout the Asia. As the Nikkei Stock Average plunges, Japan is producing a bull market in something rather ominous for 2019: déjà vu. The feeling of familiarity concerns a return to recession and deflationary forces. Didn’t Prime Minister Shinzo Abe arrive on the scene
CONTINUE READING

Asia’s Next Headache: Trump Vs. The Fed

F FORBES Dec 20, 2018 William Pesek I write about economics, markets and policymaking throughout the Asia. Donald Trump seems happiest when he has a foil to attack –- normally 280 characters at a time. Hillary Clinton, Emmanuel Macron and China rank among his favorite Twitter targets. Yet the U.S. president’s intensifying spat with his own
CONTINUE READING