Economy

(Bloomberg) -- Inflation in Tokyo slowed below 2% for the first time in five months largely due to energy prices, as the country heads into a general election and the Bank of Japan mulls data for its policy decision next week. Most Read from Bloomberg Consumer prices excluding fresh food rose 1.8% in the capital in October, marking the…

Alex Tabarrok and Tyler Cowen are doing a series of podcasts on the economy of the 1970s. A few weeks back, I commented on one of their previous podcasts, which discussed the tricky problem of establishing causality for changes in inflation. Their most recent podcast discusses oil shocks and the business cycle, an area…

More than half of Americans believe the economy is heading in the wrong direction, which experts say could cost Kamala Harris come election day.Despite inflation easing and interest rates starting to come down, polling for Newsweek as of October 6 found that 51 percent of voters think the economy is heading in the wrong direction, while 30…

Shoppers at the shopping street in Hongdae district in Seoul, South Korea, on Saturday, July 2, 2022.Woohae Cho | Bloomberg | Getty ImagesSouth Korea's economy barely grew in the third quarter, missing market expectations, as consumer spending rebounded but exports fell.In the July-September quarter, gross domestic product expanded 0.1% from a…

By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Wednesday it was "still taking time" to sustainably achieve its 2% inflation target, signaling that the central bank will tread carefully in pushing up the country's still near-zero interest rates. But he also warned of the cost of moving too slowly in raising…

(Bloomberg) -- France and Italy will fail to bring their budget deficits down to the European Union’s 3%-of-output ceiling even by 2029, according to projections from the International Monetary Fund. Most Read from Bloomberg Gross debt in both countries will keep rising every year on that horizon as a result, Washington-based officials…

(Bloomberg) -- China should issue 2 trillion yuan ($281 billion) of special government bonds to help create a market stabilization fund, according to a top government-linked think tank. Most Read from Bloomberg The fund would promote market stability through the buying and selling of blue-chip stocks and exchange-traded funds, Chinese…

The Greater Canadian mortgage renewal cliff was largely overblown, according to the country’s largest bank. In its latest research note, RBC states that aggressive easing means that not all households will renew at higher rates, and the impact will be smaller than anticipated. They warn that doesn’t mean we’re in the clear, as a much larger…

The Indian diaspora around the world is showing great confidence in the Indian economy as banks receive record numbers of deposits from abroad. According to the Reserve Bank of India, NRI deposits have doubled this year, reaching $7.8 billion between April and August, compared to $3.7 billion last year. The bulk of this money is going into two…

Prior to the announcement, average fixed-rate loans were more than a percentage point lower than variable-rate options, mortgage broker Leah Zlatkin says. (Photo by Creative Touch Imaging Ltd./NurPhoto via Getty Images) (NurPhoto via Getty Images)A first-time home buyer’s options won’t change much with tomorrow’s widely expected Bank of Canada…