Markets

Indonesia’s parliament approved a tax amnesty bill, Korea announced KRW20 trln ($17 bln) in fiscal stimulus, Czech President Zeman said a referendum on EU and NATO membership should be held, Russia ended its tourism ban to Turkey, Brazil’s central bank...

Public debate over how best to manage the interests of foreign investors and host states has resurfaced in Australia. Most of Australia’s free trade agreements (FTAs), like those of many other Asia-Pacific economies, follow a US approach to drafting substantive...

As a country prone to natural disasters, especially earthquakes, tsunamis and typhoons, Japan has a long history of disaster education. However, what does Japan’s public disaster education look like and how should it be further developed? Broadly speaking, disaster education...

In the current housing tax debate a number of studies have come out arguing that while prices will fall (by varying amounts) rents will not be affected. That rents will be unaffected is surprising and (in my view) wrong. Outside...

Some observers argue the media and some economists are exaggerating the impact of the UK vote a week ago. They talk about the petition for a second referendum. They talk about Scotland vetoing the decision to leave the EU.  They...

Prime Minister Abe is attempting to revitalise the Japanese economy after two decades of stagnant growth. In December 2012, he launched the reform program that became known as Abenomics, consisting of monetary policy aimed at reflating the economy, flexible fiscal...

The surprise announcement last week that Raghuram Rajan, Governor of the Reserve Bank of India, was stepping down sent shockwaves around the world. Rajan, a brilliant academic who came from the University of Chicago to take up the appointment under...

After two years of the Modi government, the Indian economy presents a mixed picture. Despite claims that it is the fastest growing large economy in the world, doubts linger about its actual health. These doubts stem from confusion about GDP...

Japan registered a travel surplus of about US$10.6 billion in 2015, suggesting its growing competitiveness as an exporter of tourism. According to the Japan National Tourism Organisation (JNTO), the number of inbound tourists increased by 47.1 percent to 19.7 million...

The Brexit vote is a game-changer for EM.  While the direct impact on EM is limited, the damage to market sentiment is undeniable.  In addition, to make matters worse, there will be a protracted period of uncertainty as the UK...

This week’s long-speculated departure of Indian central bank Governor Raghuram Rajan reflected the Indian government’s view that he was no longer welcome at the helm. However, it also reflects the challenges all central bankers face in driving an economy. Post the news,...

The result of the U.K. referendum on European Union membership has been a surprise and massive shock to so-called “expert” opinion. In addition, not just to academic opinion: The betting markets, which are supposed to be inhabited by experts at setting odds, were...

The United Kingdom has voted by a close margin to leave the European Union. Here, experts from around the world react to the news which has sent shockwaves around the world and what it means for their country. This article will update....

British people have woken up to the news that their country has voted to leave the European Union. Along with this, there has been turmoil in financial markets – the pound has hit a 30-year low and the FTSE dropped more...

According to current IMF projections, India is now the fastest growing major economy in the world. In 2016, it is expected to grow over a full percentage point faster than China. This is a remarkable turnaround by any standard and...