One of the things that has been troubling me more and more lately is Japan’s colossal debt burden, which is heading towards 200% of GDP. At the moment, the debt burden is existing in an equilibrium of sorts, with Japanese financial institutions seemingly content to keep buying Japanese Government Bonds (JGBs). In a climate of… [Read more]
Despite the historical significance of the DPJ’s landslide election victory on August 30, the new government will face the enormous challenge of reforming Japan’s bureaucracy. Yoel Sano from BMI’s Asia desk believes it will take a long time before the economy will reap the benefits of this historic change.
Now that Sri Lanka’s civil war is over and the Tamil Tigers’ leaders have been eliminated, President Percy Mahinda Rajapaksa will have to turn his attention to winning the peace. This may actually be harder than winning the war. For a start, the government will need to reintegrate the Tamil minority – of which more… [Read more]
Last week, Business Monitor International (BMI) published a special report, ‘Britain On The Brink: UK Economy Sliding Out Of The Global Premier League‘ outlining our bleak prognosis of the country’s economy. Among its key findings, the report forecast that Britain will suffer a far deeper recession than either the UK Treasury or IMF predicts, with… [Read more]
Together with my colleagues at Business Monitor International, I have just put the finishing touches to a report titled Britain On The Brink: UK Economy Sliding Out Of The Global Premier League. Our forecasts are amongst the most bearish yet published: • Britain will suffer a far deeper recession than either the UK Treasury or… [Read more]
