By William Schomberg LONDON (Reuters) – Inflation-pinched British consumers cut spending by the most in the key shopping month of December in at least 25 years, official data showed on Friday, d[...]
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January 20, 2023
JPMorgan expects smaller contraction in UK economy in 2023
(Reuters) – J.P.Morgan said the UK economy was expected to contract by 0.1% this year, revising it from the previously forecast 0.3% decline in the gross domestic product (GDP), buoyed by a rece[...]
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First raise for Japan day labourer in 20 years, but McDonald’s out of reach
By Elaine Lies TOKYO (Reuters) – Masami Fujino got his first raise in 20 years recently, but it’s still not enough to let the Tokyo day labourer treat himself to plain McDonald’s ham[...]
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Analysis-Bank of Japan’s grit chills bond bears
By Junko Fujita and Tom Westbrook SINGAPORE (Reuters) – Japan’s central bank appears to have scored an interim win in its long-drawn battle with bond bears. The Bank of Japan’s (BOJ)[...]
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Tokyo core inflation likely double BOJ’s 2% target in January: Reuters Poll
By Kantaro Komiya TOKYO (Reuters) – A leading indicator of Japanese consumer prices likely rose in January at more than twice the speed of the central bank’s target, hitting another four-d[...]
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Column-Fed hangs tough as wage growth gets real again: Mike Dolan
By Mike Dolan LONDON (Reuters) – If markets are wondering why the Federal Reserve just won’t play ball with their ‘peak interest rate’ pricing, the answer probably lies in the[...]
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Egypt’s soaring prices drive home economic pain
By Mariam Rizk CAIRO (Reuters) -In better times, Om Mohamed’s family used to take holidays at resorts on Egypt’s Red Sea coast. Now there is no money for vacations. Om Mohamed, 61, and her[...]
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U.S. manufacturing has probably entered recession: Kemp
By John Kemp LONDON (Reuters) -U.S. manufacturers probably entered a recession in the fourth quarter of 2022, based on a range of high-frequency indicators, part of a global downturn in industrial out[...]
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Explainer-How the BOJ’s new yield-controlling tool works
By Leika Kihara TOKYO (Reuters) – The Bank of Japan this week crafted a new weapon to defend its yield cap and extend the lifespan of its yield control policy, without having to ramp up bond buy[...]
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