Japan Approves $157 Billion For Earthquake Reconstruction
Asia On the 11th of March 2011, north eastern coastal regions of Japan were struck by the worst earthquake in their history. The earthquake was followed by a tsunami which raced inland, destroying towns and infrastructure and leaving more than 20000 dead in ...
China Sells Some US Debt
Asia It’s a marvellously pejorative term, isn’t it: American debt? However, in reality the funds in question, held by China, do not really imply a debt (as in this case: America owes China the money), rather it reflects the fact that the Chinese invested ...
Psst – Want 8.25% Interest Sahib?
Asia The world’s major central banks are still (on the whole) following a low-interest rate policy. The Bank of Japan is following a nominal 0% interest rate; the Federal Reserve is offering 0.25% for its Federal Funds; the Bank of England interest rate ...


