17 Burst results for "Bank of Japan"

"bank japan" Discussed on We Study Billionaires - The Investors Podcast

We Study Billionaires - The Investors Podcast

04:45 min | 2 years ago

"bank japan" Discussed on We Study Billionaires - The Investors Podcast

"So when we think that the Japanese government has two hundred and fifty percent debts GDP lot of that two hundred and fifty percent. Bank of Japan actually owns forty percent of it. Since the Bank of Japan is essentially a branch of the government. That means the government was acquired forty percent of all its debt by printing money from thin air and buying fit. The Bank of Japan is effectively cancelled forty percent of all Japanese government debt printing money buying Japanese government bonds. Now by buying so many bonds, they had pushed the yield on the ten year government bond found zero percent with you. Buy bonds will push the price up so high with the yield goes down to zero. And in fact, they even push yield into negative territory or some months. Now, that means that this enables the Japanese government borrow as much money as they want a zero percent interest which something world has never seen before. Now. This also has mobile implications because when the Japanese government bond yields only yields nothing. Then of course, people in Japan with bar rather by a US government bonds yielding two point. Nine percent a seems like a lot of money relative did nothing. And so money coming out of Japan and puts downward pressure on interest rates in the United States and Europe and everywhere else in the world. So sometime back here and a half, even perhaps two years ago. Now, thank you. Japan found it is programmed buying eighty trillion a year was are too much. They didn't have to buy that many government bonds year in order to hold the interest rates, zero percent. They could by far fewer bonds, thirty trillion forty trillion a year that would still be enough to keep the interest rates zero percent. By the bonds, you push up the price that pushes down yield so they didn't have to create eighty or ninety trillion a year, the whole deals zero percent. Now, why do they make nouncement the last week or so? And this announcement they that, okay, the new policy is we're not going to hold the interest rates at zero percent. We're going to let them move up a little. We're going to hold them somewhere around ten basis points. Certainly no higher than twenty basis points. Now, why did they do this? I think that this may be part of a globally. Coordinated prodigy among global central bankers, try to push up interest rates a little bit around the world because there is concerned that inflation is coming back and of the global economy is in danger of overheating. We have very low unemployment in the US, and generally the global economy has recovered though by allowing the Japanese bond, ios move up and or twenty basis points that should make it easier for the US. Government bond yields move up ten or twenty basis points acting as something of a break on the US economy, which many people fear could overheat because of big tax cuts and spending increases by the government, though by interpretation would be the, we saw the Bank of England increase interest rates last week or so, and they ECB is now winding down its quantitative easing program kind of globally, coordinated tightening, global monetary policy. This is just another aspect of that. I suspect you know, all this talk about Japan and how these central banks are buying bonds and pushing rates zero. It's absolutely fascinating. You know, there's a organization called the yard, Denny research organization and monthly. What they do is they publish a chart that looks at the total assets of the major central banks around the entire world. So the ones that they look at are the fed, the People's Bank of China, the EC be Bank Japan. And what they do is they overlay all of these balance sheets for all these central banks, and they've been doing this since two thousand eight during this started, they'll last credit cycle and what I find fascinating. You brought this up in your response where you said it looks like it's a coordinated, you know, central banking event. And when you look at the way that the assets of central bankers balance-sheets has moved, it's almost a perf. Exactly straight line when you combine all of them. But when you look at one or the other, it's kind of lumpy in all over the place. But when you combine all over muc- like this perfectly straight line and what I find fascinating and this is where I want to hear your opinion is recently in the last three months you've seen the total assets of all.

Japanese government Bank of Japan Japan United States Bank Japan Bank of England fed Bank of China Europe zero percent forty percent fifty percent Nine percent three months two years ten year
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:39 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Flash, Tom. And. John thank, you so much Karen interesting central Bank we. Fair when I enter tained daily Johnny say from the Bank of Japan to the fed. With Scott for leading our coverage tomorrow looking forward to that, too To the Bank of England John which is of most interest you out of the Bank of England. And the fed. The Bank because they're actually going to do something, the likely time detonating no unlike the feds because there is a news conference Kim shown with us. With NYU near university and of course he knows a dead meeting when he sees one how did we get this where we have dead and live meetings is this. Your fault my fault I hope, not look I think that they've developed this habit of. Only making policy changes when, they have press. Conferences the good news, is. That. You're going, to have a press conference with every meeting. Next year so this this habit away from the stupidity I think we're going to get. Away from it pretty quickly Half press conferences to begin with Kim. That's right so that gives you an idea of how much things have changed they also didn't. Used to provide their quarterly forecasts at their, quarterly projections they've become far more transparent that's all good news How does, it Cardi press conference vary from Draghi press conference is kind. Of the same kind of. The same I don't, think it's two different is quite orchestrated in the same way they open up. With a statement they sort of reveal. Their forecasts but the Bank of England puts everything count all at. Once seven's already got this stuff so the last year repeating what. We already know. And then the Cuban ice starts McEwen is, often the interesting bid came into question though they used to be able to. Do stuff without a news. Conference they used to be up to. Do stuff, without telling the market they've done stuff and, now in an era of radical transparency, they seem to have a problem stepping. Away how. Much of a problem is I think it's pretty small I think. The is a big plus I mean think of it this way by. Being transparent they condition us. To anticipate their behavior We sort of know the things that drive them whether it's strong growth or rising. Inflation we know what changes their policy we, know that when they're. Running a very accommodative policy they're going to be uncomfortable with it if the economy's already doing well. That they're going to want to get back to something, like normal because we knew that we can -ticipant it in. Its shows up in market prices long before they act well that's the. Problem when you are tightening when. You're easing that's not a problem, that just amplifies the accommodation you're trying to offer to the. Markets when you're tightening the. Market can often run, ahead of itself before the Bank of Japan is even done anything can we. Actually sold that to some extent with. This meeting is not a problem it's hold you think when they're. Tightening and they're trying to remove accommodation and the market just keeps. Running ahead of. It I think the problem is when they're, not communicating clearly and I think what you observe the central Bank Japan is. Running this extraordinary policy of. Capping the long-term bond yield we haven't. Seen a, central Bank do that since the fed stopped, doing it in nineteen fifty one so There's a reason why that's a that's a rare policy it's. Extremely aggressive and it's difficult to escape it creates lots of disturbance in markets and, you're seeing that so I I don't think it's such a bad thing I think the problem is they need to communicate. Clearly would you be willing to save the market is no longer a market I think it's it's heavily. Influenced by the behavior of the central banks, if you're asking me. Would with yields rise if it weren't for CB central Bank behavior of yes they would I would. Say I think your questions brilliant anybody with. Marie of July and August nineteen ninety eight has gotta. Ask that question about the artificiality of of. The bond market the note Nabil market in Japan it's a. Huge deal, huge deal I mean come on there's no. Liquidity there let me ask you a different question when. The central Swiss Swiss central Bank cap the exchange rate against the euro? Would you say there was no longer market for for Swiss franc I. Never said that but that would be true the same sense that true because they're the Celtics, as, fixing an. Exchange rate network Class no I'm happy to be in a car But what what professor show notes has done is moved from acid from? As, the interesting, thing about, the US Swiss example yeah for long long time people thought that could not be broken and then it was broken and Italian yesterday tried to bring back euro Swiss floor that have great difficulty doing side because the. Market wouldn't be convinced that it would be kept I do wonder with JTB's as they've shown that they can shift. Where they cap the yield on Japanese ten year I do wonder whether the market's going, to. Test the Bank of Japan. Is some point. Kim I, think you're absolutely right they will test in fact the whole one of the big problems with this approach fixing exchange rate or fixing a bond yield is that once, anybody suspects that you're going to. Change the policy there will be lots of sales and so the. Central Bank would have to come in and buy look at the b. o. j. last week they have to come in by. Aggressively just because people feared they might change policy this has been. Way, interesting where to do this on podcast Schoenholtz Out on apple podcasts also audit Spotify as. Well, professor of, course with New York, University, Johns ROY futures with a lift up, six Dow futures up twenty seven that takes the Dow to twenty five thousand three. Twelve I've been railing all morning John about the the, Fame's the world's coming to an. End, well you know? What it's like to stocks and tell you if the world was coming to an, end you wouldn't see the tiny see in high yield that we saw junkies of junk is holding up It ain't end the cycle stuff futures this morning positive,.

Bank of Japan Bank of England fed Kim I Swiss Swiss central Bank John CB central Bank Bank Japan professor NYU Tom Japan Johnny Scott Karen Cardi US McEwen
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:10 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Bloomberg daybreak Europe and Marcus lots going on in these markets Ryanair signs like. A, perfect. Storm Judas bear, is getting. Battered even. At even though the talking about. A stock buyback. And as for the Bank Japan what is really going on in Japan Kuroda poo pooing. The media reports so there's a, lot to get to get our teeth into this, this morning yeah absolutely Ryanair for instance declining by let's see run about five point eight percent. At this stage it's the biggest individual lager as the airlines posted a. Twenty percent drop in first-quarter profits as you. Say overall in Europe we've got really negative start. To the trading week all sectors in the. Red with the stock six hundred, declining by four tenths of one percent. Autos are leading the way Lower on a sector-by-sector. Basis as Fiat Chrysler specifically declined by three point. Three percent we'll talk more about that, stock in just a moment looking at some of the individual indices. The Footsie-100 declining by six tenths of. One percent the. Gecko, hauled by half. Of one percent of docs is on the. Back foot as well off by a quarter of a percentage point and footsie. MIB off by eight tenths of. One percent feared Chrysler also in focus when it comes to the footsie may if. We look at the handover, it's, been a mixed day over in Asia the regional benchmarking gaining only marginally. So but if we look at the Japanese market the Nikkei two to five. Has, closed. Lower by one, point three, percent markets. Reacting to speculation that, the Bank. Of Japan may. Be tweaking its Yuka control we've seen JJ be healed sir push higher the ten year. Yield higher by as much as, five basis points I mean that that's huge on, a relative basis if we look at Japanese fixed income the yen has also been strengthening by. Four tenths of one percent Look. At it now overall dollar weakness though the, Bloomberg dollar. Spot index off by a tenth of one percent the. Euro pushing higher by about a tenth, of one percent at one spot seventeen thirty six. Yeah he's going to stand in the way the Bank of Japan markets just picking up on that story dollar yen one ten ninety six that is a strengthening in the yen of forty five pips on. Eighty four tenths of one percent it's our lead story it's a dramatic morning in the, debt markets in Japan the central Bank in, getting involved debt market so you surge. A media reports of possible changes to the, nation's ultra loose monetary policy the central Bank later offered to, buy unlimited amount of bonds at a fixed rate operation as a result the, yen rose to. Two week high against the, dollar, one ten ninety seven yeah overall investors don't seem too impressed with the Bank. Of Japan post back against the these reports we. Also need to talk about trade this, morning global growth and trade tensions were really key themes for top Finance chiefs when they got together at a. G twenty meeting in Paris over the weekend. But President Trump he stole the headlines again as he took aim at China and the. EU for allegedly manipulating currencies that left Treasury Secretary Steven Mnuchin to tamp down fears of. A full blown, currency war listening this was a very productive set of meetings here and again. I. Think communiques are important to look at the messages that we're trying to sound but don't don't. Overanalyze one-sentence and be concerned we understand what the. Trade issues are and we're trying to productively deal with them So, that was the US Treasury Secretary Steven Mnuchin And, in terms of other news flow says your Mark you only has, replaced, has been replaced as the head of fear quieter because it deteriorated. Health is reportedly seriously ill and in. Intensive care that's going to Italy's ANSA news agency the. Sixty-six-year-old unexpected decline comes after complications from shoulder surgery he's been succeeded by CEO by Mike Manley who's previously head of the company's Jeep and. Ram division or at for more on this story let's go live to Milan where Bloomberg's senior reporter in Italy to Moscow ebb hearts is standing by for us to Moscow. Great to have you..

Bloomberg Japan Ryanair Bank of Japan Fiat Chrysler Bank Europe Bank Japan Steven Mnuchin JJ Japan Kuroda Trump Italy Moscow Asia Mike Manley Marcus
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"The bloomberg business app and tick tock on twitter this is a bloomberg business flash yep looking at what's going on as far as the equity trading day the prospects in this part of the world we have donald trump landing in singapore to see if this gamble with that kim jong earn can actually pay off saying that he would know within a minute whether this summit is going to be a success or not meanwhile we do have this fall out from that g seven meeting shot who are in in quebec carrying on as well meted started the week in prospect what have we got we have not only just data but monetary policy meetings in this part of the world not least the fed we've got the european central bank and the bank japan i would go to the have some mongst them formal talks on ending the bond buying program that they've had in in place for quite a while the the fed expected to be raising interest rates on wednesday focus of course moving away from from geopolitics we do have that all important donald trump summit with kim jong un as i said taking base tuesday studying off at nine am singapore time that of course is a nine pm monday in new york city asian stocks says study higher at the start of the day possibly with muted such in prospect at least to begin with good trade is shrugging off for that full out from that g seven meeting we got equities meanwhile on friday afternoon rallying and at the end of it finishing the weekend positive positive health the risk of sentiment perhaps in mrs they did subside so we have it let's find out now what's going on in terms of some of the first say some of the global news out that let's get over to nine hundred sixty newsroom in san francisco ed rich thanks final preparations being made for tomorrow's historic singapore singapore's summit the us president trump says he'll be able to size up kim jong un and the first minute or so north korea's state run media has now informed the general population of.

us president ed rich new york fed kim jong donald trump bloomberg north korea twitter singapore singapore san francisco kim jong un quebec singapore
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Business flash now first of all i think the story without a doubt i mean there are three stories they're probably four stories there's either spain there's us jobs there's trade and then i would also argue that on the corporate side watch out for deutchebanks let me start with deutsche bank because we need to watch this at the open don't you bank was cut by snp in the latest blow for the revamp of the new chief executive remember this is unusual executive and it seems that all of his efforts to reinvigorate europe's largest investment bank are not going to plan as snp cut lenders credit rating about twenty minutes ago this is the rest on your markets now get i'm looking at yen because it's a good litmus test on where risk is yen declining japanese bonds falling after the bank japan also cut the purchase of some debt at its regular operations over a lot of these futures here in europe are mixed asian stocks in fact were mixed the trump administration's tariffs on imports from key allies sent us in european stocks into tailspin people don't really know how to read this the dollar climbing against most of the major peers and then of course we need to look at the periphery of europe it'll be has a government again we don't know how long that will last we don't know how antagonistic they will be with europe and then look out for spain really liked the way that daybreak actually puts it if you're a bloomberg customer you need to re daybreak every day it's kind of nice unsuccess before you come into work and the way they put it is marianne roy is on his way out what we're trying to figure out is whoever comes next how long they last now that's a bloomberg business flash now here's ben clarke with more on what's going on around the world hi ben thank you francine president donald trump's net worth slipped two hundred million dollars side of the past year because of declining revenue at his key properties the bloomberg billionaires index pigs the president's net worth two point eight billion dollars the lowest figures bloomberg began tracking trump's wealth in two thousand fifteen the russian journalists who faked his own death is revealed he was smeared with pig's blood.

deutsche bank executive europe japan marianne roy ben clarke president chief executive spain bloomberg francine donald trump two hundred million dollars eight billion dollars twenty minutes
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:18 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"The markets live team joins us wes great to have you on the show was always so japan and the united states are both selling two year notes today why do japan sales draws stronger demand when the yields on negative and us two yields are at the highest level in almost a decade right why didn't they give yields draws strong demand the the bank japan has just proven to be relentless in its easing effort as buying bonds and no stomped out talk earlier this year there was talk about a stealth tightening from the central bank at stop that out and so these bonds even though they carry a negative yield do offer some stability and you know right now it's kind of the opposite story in the us there seems to be the sort of frenzy going on you know ten year yields are climbing up to three percent and inflation expectations are rising and the fed is hiking and you know all that would be enough to i think if anybody afraid and so i think that that may well curb demand at this week's treasury sales which of course are two five and seven year seven year sales this week okay so that's in the bone market i mentioned the taller is being dragged higher by rising treasury yields or at least it was yesterday that's a switch from earlier in the year why is it dollar now moving with yields when we talked to say law about the opposite today yields have eased off a little bit in the dollars he's off a little bit this was sort of a puzzle all this year which is treasury yields were rising why was the dollar falling going the other way but chinese three percent level seem so of just permeated the news coverage and caught everyone's attention and the dollar is now starting to move in tandem with treasuries and three percent is also opening up the opening forecasts for even further increases in yield this yields for this year and then on top of that i think we can add some signs that euro growth is slowing a bit that cast doubt over how much they can scale back its bond purchases this year and makes the euro a bit less likely to gain so all of that helps put emphasis on treasury and the dollar and they seem to have found a new new correlation together.

united states japan fed treasury three percent seven year ten year two year
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"A bit of a squeeze but they are a shareholder deutsche bank but this could be a signal to john crime what's going on there reducing are holding what's the main thrust behind this that's right it's it's about the risk of of torture by engage they're being the biggest shareholder in the bank japan is just had such a terrible time of it that killed nineteen percent this year so they're learning their holdings to eight point eight percent from nine point nine percent and they say they're going to leave it at the current level this a further reduction not plans asiana is going to continue to be a significant invested in georgia bank you could still see a filings is voting rights shift between directly help ones and those attached to derivatives but even with the hedging that it's taken on we're going to see pretty painful loss for a genetic faces a paper lots of more than two hundred million dollars according to the terms of the filings they added hedging back in december and that could help ease the pressure to pull back even more from deutsche bank but it is just about one percentage point drop for now to eight point eight percent will be the new holding deutsche bank is seeing a boost the apron of about one percent okay turning our attention will senator phones klm parisbased carry of course one of europe's biggest am they've call it's a capacity challege yeah they say they want to accelerates various capacity increases step up the cost going on the offensive is the line from the sea ah taking on the discard rivals you've got ride eric playing its first french base you got the longhaul discounts lots of norwegian with that transatlantic routes flights new york much more cheaply than previously available so that really turn a defend their share of this market admit if those threats so that boosting ct by as much as four percent this year and the other risks include low fuel costs that have got a delay of shoes he's here other putting pressure on the airliner trying to.

deutsche bank japan europe york georgia senator klm eight percent two hundred million dollars nineteen percent four percent nine percent one percent
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Dollar and euro as the bank of japan is forecast to refrain from cutting stimulus where do you see the japanese yen adding or let's take that argument that we just heard so okay so high you a shield hug global yields higher equities the yen should weaken the carry trade should be in effect we saw a lot of that in the last quarter of last year and the end didn't really move that much in fact billions kind of been grinding slightly lower so for us we've got this sort of new us dollar story on the yen when it comes to what's going on in the bank japan this first half of this year it's really unlikely that you'll see any moves to the bank japan beef seeing a lot of people stop speculate about maybe raising the 10year jgb target from zero i think that's a possibility maybe towards the end of this year that we stopped talking about zip for next year if it got if it's going to happen you need inflation japan to go gangbusters it's just not going to happen so if you look at core cpi it's pretty much in the doldrums still even though the com at davos by kuroda got people excited about maybe they changed it can that targets zero that's just not the case so i think really what you're sees the attractions to jgb uses a safe haven asset is what could be driving the yen for the time being so i'm not really flourish on dalian in the short run all over the long run i think radi the dolok opponents so strong the weakness or expectant abdullah is hard to be going long dollaryen in fact wishaw based in the stole a story and when it comes to the bank japan whilst i've laid out the documents why they should move so aggressively or quickly the race saw towards that direction raising that jgb target rather than lowering at so the reasons offer yen strength more than weakness in avi and dollar weakness then on the side of that trade we were talking about donna weakness earlier and i wanted to ask you how much of the dalai weakness that you forecast is about what's happening in the us and how much is about what happening elsewhere into wells and being positive on currencies like the euro.

us japan kuroda abdullah bank of japan jgb dalian donna 10year
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Issues of demographics you can't prince people so what is the boj trying to address hit well i would make a distinction drawn between the the sort of the supply side of the economy the structural side which is really one of the important drivers there is demographics obviously that beats into gdp growth from the court them question of macro economic what demand management and that's really the job of the central bank so i would argue that the two issues a little bit orthogonal oh sorry to be houston jargon but not voting agrees the argo in switzerland he's given thumbs i go there in the sense that brought the bank japan is focused on is saying that we want to get the rate of inflation to two percent that's a job keeping the economy at full employment what real potential growth level growth rate is associated with that being at full employment and having blow stable inflation is this is a sort of separate question now what i just said is standard economic analysis the but it is being it has been contested in in ferrero the prior governor governor ashira cower his view of the world was as you intimated apps the demographics drive deflation and there's nothing much monetary policy can do about it governor kuroda obviously has taken a different view jerry just too much of your one more question here john where the dark matured but we do do george alert here orthogonal john is appropriate dick killer philosophy sorta like looking at the new england patriots and comparing him to ac milan that would that would be sadly dog unal pull it montana question to you in the in the short period of time that we do have is whether what the bank of japan is doing is the right thing to do whether we should have this obsession with inflation targets when gdp per capita in japan is so strong when biometrics we pretty much at full employment why do this big question a short answer is that i i do think they're doing the right thing i do think there's too much obsession about decimal points in inflationtargeting and i do think that central banks a little bit to isolated i think we should be looking at demandmanagement being the joint responsibility of the monetary and the fiscal authorities but having said all of that i.

argo switzerland japan governor kuroda jerry new england patriots milan central banks houston governor ashira george montana bank of japan per capita two percent
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:52 min | 2 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Things trading flat on the day after being is highs near two point six percent i mean that fear in the market of global trade coming back towards the know trump tearing up nafta plays well into the idea that the news out of china was posturing and it's the same thing that's going around the globe everybody's everybody's sort of boxing this is the first round will move into new negotiations you've got situation with brexit the same thing where theresa may is looking at now unilateral or unilateral negotiations with different parts of the european union to the two everybody's trying to find their own place again and it's not surprising at all that china would float a trial balloon to say if you're going to be tough on us on trade we hold the key to the us treasury market you can't afford to see real yields in the us go up to high it'll undermined the economy that plays against the fiscal policy that you're trying to produce in two thousand eighteen so i think that's what's at play in the bond market moment with the currency market we saw the yen gain on the story that japan with the bank of japan possibly is curbing q e i think that's a little bit of a of a stretch at this point were nowhere close to the inflation target to the bank japan roy out i mean back to the china angle i mean they've made money on this a lot in the past though when they've slow down purchases and then later they've come back in and huge profits so i don't know if there's any really story there on that it's true they may have been facing this you know the new tariffs on a number of of chinese goods that the white house is said to be considering and if it was meant as a threat i guess in the end for a variety of reasons it didn't really work nods just a shot across the bow if you will and i and i imagine the folks in the white house heard very clearly in they saw the price action in the bond market and they realize what the end result could be but at.

china theresa european union us japan nafta six percent
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 3 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Trai in to throw away in 2018 really right around the corner peter cory wrote the opening remarks for the magazine this week and he joins us now pierre is economics editor at bloomberg business week peter this is the year had issue of course and you take a look at the global economy and what's to come i feel like attacked a market watchers in observers and they all seem to have the say in conclusion it's not going to be that that what did you find out today in it's it's nice you we've been complaining for years and years we had subpar growth coming back from the financial crisis we did in the international monetary fund year after year have kick on having to say it looks like another sluggish year but this tear in their forecasts which has came out for 2018 they're saying not only did 2017 turned out to be better than we had expected it to be but 2018 is going to be good as well and by the way bloomberg's own staff economists concur with that so for the first year in this outlook we use some of their data their country by country growth forecasts for 2018 because bloomberg economic has been building out if so set of forecasts for said look senators usually imf let's go with the homebrew bloomberg economic lulu one of my favorite lines and it was even the germans a happy so the story the 2018 is how do we manage these synchronised growth seen around the world those sorts of elements coming into play central banks clearly going to be a key theme whether it's the fed the ecb the bank japan or china of close to exactly i mean if it's if if you're in zero lower bound which we are for a long time interest rates could not go any lower than the prescriptions pretty clear you you you just keep great slow you buy bonds at the long end of the curve and you go ahead and do fiscal policy you tax cut spending intrinsically throw all the ammunition at you.

peter cory editor global economy financial crisis bloomberg central banks japan china interest rates pierre bloomberg business international monetary bloomberg economic
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 years ago

"bank japan" Discussed on Bloomberg Radio New York

"The future isn't his our way in 2018 really right around the corner peter cory with the opening remarks for the magazine this week and he joins us now pierre is economics editor at bloomberg business week peter this is the year had issue of course and you take a look at the global economy and why what's to come i feel like i talked to market watchers in observers and they all seemed to have the same conclusion it's not going to be that bad what did you find out today and it's it's nice me we've been complaining for years and years we had subpar growth coming back from a financial crisis we did and the international monetary fund year of gearhead tip and having to say it looks like another sluggish year but this tear in their forecasts which is came out for 2018 they're saying not only did 2017 turned out to be better than we had expected it to be but 2018 is going to be good as well and by the way bloomberg's own staff economists concur with that so for the first year in this outlook we use some of their data their country by country growth forecast for 2018 because bloomberg economic has been building out if so upset of forecasts for said look senators usually imf let's go with the homebrewed bloomberg economic for lulu one of my favorite lines and it was even the germans a happy so the story the 2018 is how do we manage these synchronised growth seen around the world those sorts of elements coming into play here central banks clearly going to be a key theme whether it's the fed the ecb the bank japan on china of close to exactly i mean it's if if you're in zero lower by own which we are for a long time interest rates could not go any lower than the press here press pretty clear you you you just keep great slow you buy bonds at the long end of the curve and you go ahead and do fiscal policy you tax cut spending interestingly throw all the.

peter cory editor global economy financial crisis bloomberg central banks japan china interest rates pierre bloomberg business international monetary bloomberg economic
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:25 min | 3 years ago

"bank japan" Discussed on Bloomberg Radio New York

"The future isn't his our way in 2018 really right around the corner peter cory wrote the opening remarks for the magazine this week and he joins us now pierre is economics editor at bloomberg business week peter this is the year had issue of course and you take a look at the global economy and what's to come i feel like i a market watchers and observers and they all seem to have the same in conclusion it's not going to be that bad what did you find out in its it's nice three we'd been complaining for years and years we had subpar growth coming back from a financial crisis and we did in the international monetary fund year after year have kept on having to say it looks like another sluggish year but vis tear in their forecasts which came out for 2018 they're saying not only did 2017 turned out to be better than we had expected it could be but 2018 is going to be good as well and by the way bloomberg's own staff economists concur with that so for the first year in this outlook we use some of their data their country by country growth forecasts for 2018 because bloomberg economic has been building out if so set of forecasts for said look you senators usually imf let's go with the homebrewed bloomberg economic lou one of my favorite lines and it was even the germans a happy man so the story the 2018 is how do we manage he's synchronised growth seen around the world those sorts of elements coming into play central banks clearly going to be a key theme whether it's the fed the ecb the bank japan or china of close to exactly i mean it's if if you're in zero lower bound which we are for a long time interest rates could not go any lower than the prescriptions pretty clear you you you just keep great slow you buy bonds of the long end of the curve and you go ahead and do fiscal policy you tax cut spending is drastically throw all the ammunition added you can but suddenly win become shirts from normalize now you have like a twohanded problem e e on the one hand in all the central banks are facing the snow although the us the us whose tweet farthest along in its recovery in the.

peter cory editor global economy financial crisis bloomberg central banks japan china interest rates pierre bloomberg business international monetary bloomberg economic one hand
"bank japan" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:25 min | 3 years ago

"bank japan" Discussed on Bloomberg Radio New York

"Richard isn't too far away in 2018 really right around the corner peter cory with the opening remarks for the magazine this week and he joins us now pierre is economics editor at bloomberg business week peter this is the year had issue of course and you take a look at the global economy and what's to come i feel like i talked to market watchers in observers and they all seemed to have the same conclusion it's not going to be that bad but did you find out today in its it's nice we we've been complaining for years and years we had subpar growth coming back from the financial crisis we did and the international monetary fund year after year had kept on having to say it looks like another sluggish year but this tear in their forecasts which has came out for 2018 they're saying not only did 2017 turned out to be better than we had expected it to be but 2018 is going to be good as well and by the way bloomberg's own staff economists concur with that so for the first year in this outlook we use some of their data their country by country growth forecasts for 2018 because bloomberg economic has been building out if so upset of forecasts said look if senators using imf let's go with the homebrew bloomberg economic planners lulu one of my favorite lines and it was even the germans a happy so the story the 2018 is how do we manage their he's synchronised growth seen around the world but all sorts of elements coming into play here central banks clearly can it be a key theme whether it's the fed the ecb the bank japan or china of close to exactly i mean it's if if fear in zero lower bound which we are for a long time interest rates could not go when he lower than the press here who's pretty clear you you you just keep great slow you buy bonds at the long end of the curve and you go ahead and do fiscal policy tax cut spending easters italy throw all the ammunition adults you can but suddenly win becomes arson normalize now you have like a twohanded problem mitch e e e on one hand in all the central banks are facing this now although the us ieu issues to be farthest along in its recovery in the.

interest rates italy imf bloomberg economic international monetary bloomberg business pierre us arson Richard china japan central banks bloomberg financial crisis global economy editor peter cory one hand
"bank japan" Discussed on KKAT

KKAT

02:13 min | 3 years ago

"bank japan" Discussed on KKAT

"On the princeton campus just last week on money talk marcus burnham meyer and we were talking we were talking about the job mario has done by the way i asked markets to say hi to you did he do he did hit it uh that's great feedback feedback i i w i almost forgot to ask that was nice about him he was agreed was a gray terrific guests by the way and we were talking about mario draghi and we were talking about the job he's done and marcus was so positive on the job is done the issue of co gordon nation often comes up coordination between what chair janet might be doing and what super mario might be doing and what japan the bank of japan might be doing is there such a thing is coordination at a time like this source everybody going down the rhone road well i hope they're going down the right road whatever go the bank of japan is way behind the other two and lead to try to push inflation up as much as if candidates trying and trying and trying with not the greatest success but it keep trying the ecb something in between the bank japan and the fed the fed of readjustment thing heightening or normalize although it also would like the american interests the american a place placer rate to be higher in between those things are not as good in europe they are in the us but they're better than they are in japan so you're gonna find if you'd be in between following the fed but with a considerable lag up to your question about coordination in row in time time twitter anywhere close to normal on i would consider this such a time as opposed to an acute crisis there isn't going to be coordination the b have instructions from the treaty of maastricht the federal reserve has instructions from the federal reserve act neither of those coal them to pay attention to what's going on and other sure fiction and.

princeton campus marcus burnham meyer mario draghi janet super mario japan us fed europe twitter
"bank japan" Discussed on KHNR 690AM

KHNR 690AM

01:58 min | 3 years ago

"bank japan" Discussed on KHNR 690AM

"The one they understand we hear a lot about the european central bank super mario draghi of course is generally thought done a very good job in fact we have one of your colleagues on the princeton think campus just last week on money talk marcus burnham are and we were talking we were talking about the job mario has done by the way i asked marcus to say hi to you did he do he did hit it uh that's great feedback feedback i i w i almost forgot to ask that was nice about him he was agreed was a gray terrific guests by the way and we were talking about mario draghi and we were talking about the job he's done and marcus was so positive on the job is done the issue of coordination often comes up coordination between what chair janet might be doing and what super mario might be doing and what japan month the bank of japan might be doing is there such a thing is coordination at a time like this source everybody going down the wrong road oh well it i hope they're going down the right groove it ever go the road you know the bank of japan is way behind the other two and need to try to push inflation up uh as much as if canada if trying and trying and trying with not the greatest but it keeps trying the ecb something in between the bank japan and the fed the fed of readjustment thing heightening or normalizing although it also would like uh the american and the american a place are rate it'd be higher dcb between those things are not as good in europe they are in the us but they're better than they are in japan so you're gonna find the ecb in between following the fed but with a considerable will ag up our europe question about coordination in russia in.

princeton marcus burnham mario draghi janet super mario canada japan us ecb fed russia bank of japan europe
"bank japan" Discussed on KKOB 770 AM

KKOB 770 AM

02:26 min | 3 years ago

"bank japan" Discussed on KKOB 770 AM

"On the princeton campus just last week on money talk marcus burnham are we were talking we were talking about the job mario has done by the way i asked marcus to say hi to you did he do he did hit it uh that's great feedback a feedback i i w i almost forgot to ask that was nice of him he was agreed was a gray terrific guests by the way and we were talking about mario draghi and uh we were talking about the job he's done an and marcus was positive on the job he's done the issue of co gordon nation often comes up coordination between what chair janet might be doing and what super mario might be doing and what japan month the bank of japan might be doing is there such a thing is coordination at a time like this or is everybody going down the wrong road well i hope they're going down the right groove it ever have road up the bank of japan is way behind the other two and still needs to try to push inflation up uh as much as if cabinets trying and trying and trying with not the greatest success but it keeps try the ecb something in between the bank japan and the fed the fed is where you just one thing if heightening on normalizing although it also would like uh the american interests uh the sorry the american a place are great to be higher dc meeting between those things are not as good in europe they are uh in the us but they're better than they are in japan so you're gonna find the he'd be in between following the fed but with a considerable lag up to your question about coordination in row in time pond fitter anywhere close to normal on i would consider this such a time as opposed to an acute crisis there isn't going to be coordination the ecb has instructions from the treaty of maastricht the federal reserve has instructions from the federal reserve act neither of those tell them to pay attention to what's going on another jurisdictions and they don't want to say they'll pay attention it they don't put punches for that reason the amid pay attention because after all we owe live in a unified financial world so they pay attention but they don't change the.

princeton campus marcus burnham mario draghi janet super mario japan fed us ecb europe