Economics

20 May 2016

The Doping Crisis’ Credibility Costs

Anti-doping is in crisis. Russia has created a real dilemma as the World Anti-Doping Authority (WADA) and the International Olympic Committee agonise over the extent and nature of sanctions after doping revelations. Kenya is struggling to meet the requirements that will allow...

20 May 2016

OPEC: Let the Bickering Continue

  The next OPEC meeting on 2 June will act as little more than a forum for continued altercations between Saudi Arabia and Iran.  The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per...

20 May 2016

ASEAN can still Influence the TPP and OBOR

In 2016, Southeast Asia has found itself engaged in proactive regional initiatives led by major powers. The recently signed, but still to be ratified, US-led Trans-Pacific Partnership (TPP) is one attempt, while China’s land-based ‘Silk Road Economic Belt’ and ‘21st...

19 May 2016

Russia’s Interest in Asia comes in Below Expectations

In early 2014, Russia faced economic sanctions in response to its annexation of Crimea. Many in the country viewed the sanctions as proof that the West has contempt for Russia’s ‘sphere of influence’ in Ukraine and were trying to subvert...

19 May 2016

Federal Reserve Planning to Raise Interest Rates

The Federal Reserve made it clear that interest rates are likely to rise in June.  After raising rates in December, the market has seen much confusion about the timing of the next interest rate hike. While GDP growth was soft...

19 May 2016

Not Seeing the Leadership for the Minutes

We felt strongly that the FOMC minutes would be more hawkish than the statement that followed the meeting, and we were not disappointed.  However, our caveat remains the minutes dilute the signal that emanates from the Fed's leadership, Yellen, Fischer,...

18 May 2016

There’s a New Mayor in Town

Promoting economic development and “wealth creation” is one of the London mayor’s three main functions – alongside taking care of the city’s social and environmental development. The fact that London regularly tops major rankings of global financial centres is a key pillar of the...

18 May 2016

Abe Visits Putin, Counter to U.S. Wishes

The two most prominent features of Japanese foreign policy are caution and the US alliance. Prime Minister Shinzo Abe’s decision to travel to Sochi for a summit with President Vladimir Putin on 6 May was therefore remarkable. The visit comes...

18 May 2016

Japan GDP Surprises, FOMC Minutes Do Not

The US dollar is rising against all the major currencies today.  The Australian dollar is retracing a sufficient part of its recent gains to suggest that the current phase of the US dollar's recovery is not over. Given that the...

17 May 2016

Meanwhile in the Central Philippine Sea

While tensions continue to rise in the South China Sea and the disputing governments nervously await a decision in the Philippines’ arbitration case against China, an important sideshow has arisen between Japan and Taiwan in the central Philippine Sea. On...

16 May 2016

Prioritizing the G7 Countries’ Priorties

Later this month, Japan will host the 42nd G7 summit. One point of discussion will be Japan’s plan to increase its consumption tax in April 2017. Nobel laureates Paul Krugman and Joseph Stiglitz have come out against this plan, arguing...