Less than a fortnight ago, with eurozone credit concerns reaching fever pitch, we believed it was necessary to remind readers of Japan’s perilous sovereign debt outlook (see Business Monitor Online, ‘Charting The Public Debt Time-Bomb’, November 18, 2011). A quick comparison of gross debt metrics, repayment schedules, and economic growth prospects would suggest that Japan… [Read more]
The title of a recent Business Monitor International report highlights the view that the eurozone is expected to muddle through. However, as Bruce Jeffery, Global Markets Strategist at Business Monitor, explains, a resolution to the ongoing sovereign debt debacle will require a crisis of epic proportions. While implausible at this juncture, alternative scenarios cannot be… [Read more]
Mark Schaltuper, Head of Europe Country Risk and Financial Markets, and Tim Cooper, Chief Economic Strategist, come together to discuss Business Monitor’s latest Special Report titled “Market Meltdown: Global Economy On The Edge”. With the US reeling from debt concerns after losing its AAA credit rating, the eurozone dogged by the ongoing sovereign debt crises,… [Read more]
The eurozone debt crisis took a turn for the worse in the week beginning July 11, with Italian yields spiking sharply higher as fears over sovereign indebtedness spread beyond the region’s periphery to affect its third-largest economy. Although the Italian Senate agreed to pass a EUR48bn austerity package on July 14, with the lower house… [Read more]
Japanese Government Bond (JGB) yields have been testing key technical levels over the past day or so. On Tuesday, the 10-year yield hit a five-month high of 1.48%, up sharply from 1.25% at the beginning of October. The yield failed to break higher on Wednesday, but I am watching resistance (or support in price terms)… [Read more]
