- Case registered against lawyers after YouTuber Raja Butt roughed up during court appearance in Karachi Dawn
- YouTuber Rajab Butt physically assaulted at sessions court in Karachi Dawn
- Lawyers’ thuggery The Express Tribune
- FIR filed after alleged…
Author: admin
-
Case registered against lawyers after YouTuber Raja Butt roughed up during court appearance in Karachi – Dawn
-
Reduced peanut OIT dose offers safer, accessible treatment for children
Children with peanut allergies may not need large doses of peanut oral immunotherapy (OIT) to build protection to peanut, finds a new study led by The Hospital for Sick Children (SickKids) and Montreal Children’s…
Continue Reading
-
National trends in the unmet healthcare needs among patients with hypertension or type 2 diabetes mellitus in Korea from 2009 to 2023
Chen, Y. et al. Impact of hypertension prevalence trend on mortality and burdens of dementia and disability in England and Wales to 2060: a simulation modelling study. Lancet Healthy Longev. 4, e470–e477.
Continue Reading
-
Police Out in Force Across the Territory for New Year’s Eve
Police will be out in force across the Northern Territory on New Year’s Eve to ensure Territorians and visitors welcome the New Year safely and enjoy a positive night out.
There will be multiple targeted police operations focusing on traffic…
Continue Reading
-
New graphene physical reservoir computing device dramatically reduces machine learning computational loads
As power consumption by machine learning technologies rises, demand grows for AI devices with low power consumption and high computational performance. “Physical reservoirs” are AI devices that perform efficient brain-inspired information…
Continue Reading
-
More vivo X300 Ultra specs surface in new leak
vivo X300 Ultra is expected to launch globally soon, as it recently received certification in Europe. Ahead of any official announcement, multiple leaks have surfaced online, revealing the phone’s key specs.
The latest leak has revealed…
Continue Reading
-
Japan’s Topix Closes at Record Year-End High, Surpassing 1989 – Bloomberg.com
- Japan’s Topix Closes at Record Year-End High, Surpassing 1989 Bloomberg.com
- Nikkei trims 2025 surge as tech stocks take a breather Business Recorder
- Japan shares lower at close of trade; Nikkei 225 down 0.36% Investing.com India
- Stock Market Today: Nikkei Eases, Futures Mixed Globally Eudaimonia and Co
- Japan Stocks Slip As Central Banks Steer The Mood Finimize
Continue Reading
-
Debt Crisis in Japan – Robin J Brooks
Long-term government bond yields have risen very sharply in Japan this year. Indeed, the 30-year yield is at its highest level EVER, which is causing consternation because – at the same time – the Yen has fallen to all-time lows in trade-weighted terms against its G10 peers. There are many people who see this decoupling as a sign that the Yen is now “irrationally” weak, including Japan’s government, which recently put markets on notice that it might intervene to strengthen the Yen.
I don’t think this is right. The key point to recognize is that Japanese long-term yields – while they have risen a lot – are still way below where they would be if markets were able to freely set them. At the current juncture, the Bank of Japan (BoJ) remains a very large buyer of government bonds in gross terms, which means that longer-term yields are capped in practice. Rising risk of a debt crisis, which would ordinarily drive yields higher, can’t get priced in the bond market and thus gets priced into the Yen instead. This is what’s weighing on the Yen and means that the currency – not yields – is what to watch when it comes to gauging Japan’s fiscal risk.
The chart above shows 30-year government bond yields for key advanced economies around the world. The red line shows Japan’s 30-year yield has risen to all-time highs, which makes it natural to think that Japanese yields should be supportive for the Yen. That’s not the case as the chart below shows. The scatter plot has gross government debt in 2024 on the horizontal axis and yesterday’s 30-year government bond yield on the vertical axis. Even through gross debt in Japan is substantially above Germany, its yield is the same. This is the best illustration of how distorted Japan’s bond yields are. They’re nowhere near high enough given Japan’s towering debt burden.
The key question is what market price is a better reflection of reality: long-term yields or the Yen? As the scatter plot above shows pretty clearly, Japanese government bond yields are far below where they should be. BoJ bond buying prevents markets from pricing a proper risk premium, which instead gets expressed in a beaten down Yen. This means that the unprecedented decoupling between long-term rate differentials and the Yen – shown in the chart below – is meaningless. The weak Yen is the signal to watch and it’s signaling mounting risk of a debt crisis in Japan.
Continue Reading
-
How Emiru turned gaming and cosplay into a full-time career
She describes herself as “just a girl who plays video games a bit too much”, but Emily ‘Emiru’ Schunk‘s journey tells a bigger story: how curiosity, creativity and consistency can shape an entire career. From childhood gaming memories to anime…Continue Reading
-
Jofra Archer named in England T20 World Cup squad despite Ashes injury
Smith has been England’s one-day opener in their past nine matches, though has not played a T20 since June. The 25-year-old struggled in the one-dayers in New Zealand that preceded the Ashes, then has managed only one half-century in eight…
Continue Reading