Non-Economic Developments Dominate Ahead of US CPI

Mar 13 01:03 2018 Print This Article

The yen's 6% gain against the dollar this year makes it the strongest of the major currencies in here in the first quarter.  Investors have been given another reason not to resist the seasonal pressures that often see Japanese investors repatriate capital ahead of the end of the fiscal year later this month.  

Many see the eruption of the scandal that threatens senior government officials as yen positive because it weakens those that ostensibly want to depreciate the yen through monetary policy.   The scandal involves falsifying documents to conceal a sweetheart deal. The government sold of state-owned land to a school-operator, reportedly with connections to Prime Minister Abe's wife at an incredibly low price. At the end of last week, the head of the National Tax Agency chief resigned over comments he made before the Diet about the case.  There is also an investigation into the possible suicide of a local finance ministry official that handled the land sale.  

Read More

About Article Author

Marc to Market

Marc Chandler has been covering the global capital markets in one fashion or another for more than 25 years, working at economic consulting firms and global investment banks. Chandler attended North Central College for undergraduate work, where he majored in political science and the humanities. He holds master's degrees from Northern Illinois University and University of Pittsburgh in American History and International Political Economy. Currently Chandler teaches at New York University Center for Global Affairs, where he is an associate professor. A prolific writer and speaker he appears regularly in the press and has spoken for, and is an honorary fellow of, the Foreign Policy Association. In addition to being quoted in the financial press daily, Chandler has been published in the Financial Times, Foreign Affairs, and the Washington Post. In 2009, Chandler was named a Business Visionary by Forbes. In 2009, his book, Making Sense of the Dollar, was published by Bloomberg Press and received a Bronze Award from Independent Publishers.

  Categories:

Related Items

Avante Logixx stock has 44 per cent upside, Beacon Securities says

Three minute read on Avante Logixx stock Following the company’s first strategic acquisition, Beacon Securities analyst Gabriel Leung has raised his one-year price target on Avante Logixx (Avante Logixx Stock Quote, Chart TSXV:XX). On Tuesday, Avante Logixx announced the acquisition of Mississaug ...

Why Canadians invest too much at home

Rona Birenbaum has reviewed plenty of portfolios during her career as a financial advisor, and there’s one issue that pops up time and time again: Canadians are too invested in the Canadian stock market. “In this day and age, for me to still see that, I can’t help but shake my head,” says t ...

Buy Evertz Technologies for the dividend, Bruce Murray says

>Two minute read on Evertz Technologies stock Looking at it track record, Evertz Technologies (Evertz Technologies stock Quote, Chart TSX:ET) definitely falls outside of the growth stock category, but that’s okay, says portfolio manager Bruce Murray, who owns the company for its healthy dividend. ...

Ostara to Provide City of Atlanta with Nutrient Recovery Facility

Vancouver-based Ostara Nutrient Recovery Technologies, Inc. has announced its partnership with the City of Atlanta Department of Watershed Management to install and operate a nutrient recovery facility at the R.M. Clayton Water Reclamation Center (WRC), delivered under a design-build agreement and ...

New Era of Water Quality Data with Blockchain Integrated DataStream

Yesterday, The Gordon Foundation, World Wildlife Fund Canada, the Atlantic Water Network, and Royal Bank of Canada presented the blockchain integrated Atlantic DataStream, a major step forward in delivering a common and secure platform for water quality data sharing. “Atlantic DataStream is the m ...

Hashtag Trending: New Mexico sues Google and Twitter, the ACLU files complaint over Facebook’s job ads, and IBM is sued for age discrimination

New Mexico sues Google and Twitter, The ACLU files complaint over Facebook’s Job Ads, and IBM is sued for age discrimination. ...

Cyber Security Today – Sept. 19, 2018: Mobile spyware, European cyber crime report, update Apple devices

Today's podcast covers a new Canadian report on mobile spyware, a European police report on cyber crime and new malware ...

Morning News: September 19, 2018

Soybeans Plunge to Near Their Lowest Level in a Decade Trump Hit Iran With Oil Sanctions. So Far They’re Working. Consumers Will Increasingly Feel Pain From Trump’s Trade War. Here’s Why. Microsoft is Upping Its A.I. Battle With Salesforce Tesla Criminal Probe Into Musk Tweet Seen Opening Pan ...

Dollar Trades Heavily as Emerging Markets Follow China

One would not have a clue looking at global equities that there has been a sharp escalation in trade tensions in the past 36 hours.  As was well tipped the US imposed a 10% tariff on $200 bln of Chinese goods and indicated that the tariff will rise to 25% at the start of next year.   Preside ...

Tax withholding on RRIF withdrawals

Q: I am a widower, 80 years old, and I am being taxed about 30% on RRSP withdrawals. Can you suggest a better plan? I also have some TFSAs. —Bob A: Just to clarify for the other readers, Bob, your Registered Retirement Savings Plan (RRSP) withdrawals are no doubt coming out of a Registered Retire ...