BRIAN SULLIVAN: The world is generally reflating-- AMIN NASSER: Yeah.
|
|
First, the global economy has been reflating since the middle of 3.53 (see article).
|
|
In theory, reflating an economy should be relatively popular, because wage rises should precede price increases.
|
|
"The reflating economy will ultimately translate into increased pressure on wages and prices," Knot said on Wednesday.
|
|
Upbeat factory readings from China, the United States and Europe all suggest the global economy may be slowly reflating.
|
|
Thursday's inflation forecasts are positive for the European Central Bank, which has the arduous task of reflating the economy.
|
|
That means fiscal policy may play a bigger role in reflating growth when Japan faces another economic downturn, he said.
|
|
A rising interest rate environment is usually negative for bonds with investors instead opting for equities in a reflating economy.
|
|
In retrospect, the move marked the death knell of "Kuroda-nomics," as the governor's plan for reflating the Japanese economy became known.
|
|
Some policymakers are keen to declare an end to deflation, which would help Abe argue his policies succeeded in reflating the economy.
|
|
Many market participants had expected Abe to reappoint Kuroda after the premier frequently publicly praised the governor for creating more jobs and reflating the economy.
|
|
It will be important that the Fed promptly withdraw these extraordinary measures when the economy starts to recover to prevent reflating credit bubbles and limit inflation risk.
|
|
Investor bets on Trump's fiscal largesse and tax cuts reflating the U.S. economy have put a rocket under Wall Street, especially bank stocks, and Europe has benefited too.
|
|
"We'd like to proceed with fiscal reform by spurring economic growth and investment," Abe said, suggesting his administration will continue to focus on reflating growth rather than fiscal austerity.
|
|
The market rout, if it persists, threatens to undermine one of the few key successes of the premier's "Abenomics" stimulus policies, aimed at reflating the economy out of stagnation.
|
|
The tax breaks are the latest carrot Abe's government has dangled in front of Japanese companies to convince them to help with his agenda aimed at reflating the economy.
|
|
The move underscores the challenge the BOJ faces in reflating the economy with ultra-low borrowing costs, which benefits companies that borrow but could discourage banks from lending due to shrinking margins.
|
|
That pushed the euro to a one-month high against the dollar, complicating the ECB's task of reflating the euro zone economy as a strong euro means cheaper imports that drag down inflation.
|
|
Abe's solution seems to be to keep reflating growth in the hope that rising corporate profits would lead to higher tax revenues - enough to plug the gap left by delaying the sales tax hike.
|
|
"What a dollar/yen at 100, or potentially lower, is telling us is the market does not believe that the Bank of Japan is likely to be successful in reflating the economy," Gill said.
|
|
"In the energy sector, [for example], as we're reflating back into this global economy and global growth, we see them retrace a lot of the losses that they had earlier in the year," he said.
|
|
While progress in reflating the economy was not as rapid as originally planned, the government was reining in its huge public debt and pushing through structural reform policies such as labour market reform, Moody's said.
|
|
Japan's economy minister raised eyebrows last week when he talked up the government's progress in reflating the economy and suggested it is possible to declare an end to deflation before consumer prices reach the BOJ's inflation target.
|
|
The 'Trump trade', based on hopes of U.S. stimulus reflating growth, would appear to be back on - egged on by some impressive corporate earnings, higher commodity prices and signals that global growth is finally finding some traction.
|
|
There were also divisions between those in the nine-member board who were worried about the rising demerits of prolonged easing, and those who wanted to continue focusing on reflating growth with aggressive monetary stimulus, the summary showed.
|
|
Abe offered few clues on how Japan will make up the funding gap created by the delay in the tax hike to October 2019, saying only that he will keep reflating growth so tax revenues will continue to increase.
|
|
The stronger-than-expected 3.3 percent surge in prices, along with upbeat factory readings from China, the United States and Europe, add to views that the global economy may be slowly reflating again thanks to a pick-up in industrial activity.
|
|
Larry Hu, economist at Macquarie Capital Ltd, said despite measures by an increasing number of local governments to aid developers, China was unlikely to loosen policy at the central government level, as such a move risks reflating the property bubble.
|
|
Added to a promise from another Federal Reserve policymaker that interest rates would rise "soon", that returned markets to the assumptions of a reflating of the U.S. economy that have swirled since last November, prodding short-term U.S. market interest rates higher overnight.
|
|
A key difference between the latter two examples and the earlier ones is that neither Brexit or Trumpism were explicitly about reflating the economy and escaping the slump, in the way that Franklin Roosevelt's decision to leave gold and Mr Abe's Abenomics were.
|
|
Seismic activity at Axial Seamount virtually disappeared after the 1998 eruption, and monitoring of the volcano was done principally with bottom pressure recorders deployed on the volcano's flanks, supplemented since 2000 by annual measurements using pressure sensors mounted on Remotely operated underwater vehicles (ROVs) and applied to local benchmarks. The sensors have shown that Axial Seamount is slowly reflating; just after the eruption the seamount was swelling at per month, a number that decreased to by 2006. In eight years Axial Seamount recovered approximately 50% of its of pre-eruption swelling, and in 2006, William Chadwick of the Oregon State University and his associates calculated that the next eruption would occur in approximately 2014: In July 2011, a dive using ROV Jason discovered new lava flows on the volcanoes that had not been present a year before. The expeditionary crew recovered two bottom-pressure recorders and two hydrophones (a third was found buried in lava) off the volcano, which together showed that the eruption had occurred during April, starting on 6 April 2011.
|
|