American households are expected to dump $750 billion worth of stocks this year in favor of less-risky assets. This is the first annual drop in demand since 2018, due to higher bond yields and lower savings, reported Goldman Sachs Group strategists, led by Cormac Conners and David Kostin, on March 22. The strategists said that…
American Households to Dump $750 Billion in Stocks This Year: Goldman
March 24, 2023
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Japan Households’ Inflation Expectations Hit More Than 2-year High: BOJ
TOKYO—Japanese households’ inflation expectations have risen to a more than two-year high, a quarterly survey showed on Tuesday, a sign the rising cost of living was starting to change public perceptions about future price moves. The result offers some hope for the Bank of Japan’s effort to push inflation to its 2 percent target, partly…
BOJ’s Kuroda Warns Weak Yen Hurting Households More Than Before
December 23, 2021
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Asia & PacificbojBusiness & EconomyCompanieseconomyHaruhiko KurodahouseholdsinflationJapanMarketsWorldyen
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TOKYO—A weak yen may be hurting Japanese households more than in the past, as the country’s increasing reliance on more expensive raw material imports pushes up the cost of living, Bank of Japan (BOJ) Governor Haruhiko Kuroda said on Thursday. Kuroda’s remarks are the most direct acknowledgment to date of the potential disadvantages of a…
Some 114,000 Western German Households Without Power After Floods
FRANKFURT—Heavy floods in western Germany had left 114,000 households without power on Friday, said a spokesperson for Westnetz, the country’s biggest power distribution grid company. The death toll rose to more than 80 on Friday in what is Germany’s worst mass loss of life in years as further flooding was feared in western Germany as…
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