Paul Chertkow
Paul Chertkow
changes deflation head japan likely longer monetary policy scope term
Deflation is very entrenched in Japan and even over the longer term the scope for changes in monetary policy is very limited. The yen is likely to head lower.
adjusted basis consumer fell percent prices reinforced report
The speculation was reinforced by the report (Wednesday) that consumer prices in the US fell by 0.1 percent on a seasonally adjusted basis in December.
activity afford beyond doubt economic euro raise rate scope zone
We doubt that economic activity in the euro zone will afford the ECB scope to raise the refinancing rate beyond 2.50 percent.