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It’s not the yen carry trade – it’s the Bank of Japan portfolio
David P. Goldman notes that recent volatility in Japanese markets signals potential trouble. The Bank of Japan’s retreat from tapering halted the immediate crash, but underlying risks in domestic and global markets remain significant.
German political paralysis perpetuates economic decline
Diego Faßnacht writes that Germany is facing rapid economic decline with upcoming state elections in eastern Germany on September 1 expected to serve as a referendum on the ruling “traffic light” coalition as high energy costs and uncoordinated policies drive out industry.
Kursk incursion takes peace off the table
James Davis details how the conflict between Russia and Ukraine escalated significantly after Ukrainian forces launched an incursion into Russia’s Kursk region, marking a severe intelligence failure for Russia as Kiev aims to stretch and distract Russian forces.
Japanese Prime Minister Kishida to step down
Scott Foster analyses Japanese Prime Minister Fumio Kishida’s decision not to seek reelection as president of the ruling Liberal Democratic Party (LDP) amid declining public support and a financial scandal. Several potential candidates are in the running to replace him.