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The 1990s are calling – They want their yen back
David P. Goldman writes that the Japanese yen’s decline has shifted national income from households to corporations. Despite concerns, a divestment of US Treasury holdings by Japan is unlikely to significantly affect US yields.
Unclear majority with rightward drift likely at EU elections
Diego Faßnacht writes that a rightward shift is anticipated at the European Parliamentary elections, but significant geopolitical changes are unlikely, as key right-wing leaders lean towards a transatlantic orientation.
China pushes for lower energy prices from Russia
James Davis writes that reports about failed Russian-Chinese negotiations on energy need careful evaluation. China benefits from suggesting it doesn’t fully support Russia while pushing for advantageous energy prices, asking to pay Russian domestic rates.
Japan – a low-wage country with declining real income
Scott Foster writes that the yen’s depreciation of over 50% against the US dollar since January 2021 has made Japan less attractive for foreign workers while exacerbating its labor shortage, with minimal interest rate adjustments further complicating the economic outlook.