In recent months, the prices of essential items in Japan have continued to rise due to the weakened Japanese yen and the impact of higher resource prices. Meanwhile, the number of corporate bankruptcies in Japan has risen for 10 consecutive months as companies struggle with rising costs. According to data released by Japan’s Ministry of…
Japan’s Inflation Hits 17-Month High, Fueling Continued Rise in Corporate Bankruptcies
Luxury for Less
Pull up in the office parking garage or restaurant parking lot in a shiny, recent-vintage Porsche sports car, Mercedes sedan, or Cadillac Escalade SUV, and there’s a chance many observers may snort a bit judgmentally, assuming you have more money than sense. But when you discover the CPO secret, you actually may be able to…
Yuan Depreciation Won’t Help China Exports
October 26, 2022
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Commentary The latest China data continue to show an overall downtrend, although some rebound is seen. The domestic economy, as represented by internal demand (private and government consumption expenditure and investment), remains weak under deleveraging (paying off debts). One possible way to improve the situation is to rely on external demand, which is net exports….
The Chinese CNY Is Far From Achieving Internationalization
The Chinese Yuan’s (Renminbi, CNY) recent depreciation aroused concerns. It had been steady before the summer but all of a sudden it depreciated by a few thousand points against the U.S.Ddollar (US$). In the past five months, it went from an exchange rate of 6.37 to 7.00, a depreciation of exactly 10 percent. When the…
China’s Foreign Capital Data Questioned as Depreciation of Yuan Accelerates
China’s Ministry of Commerce recently claimed that from January to April, the country’s actual use of foreign capital surged by 20.5 percent compared to the same period last year, amid a rapid depreciation of its yuan. But experts believe that the data is false as they say foreign capital has been accelerating its withdrawal from…
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