91AV原创

author

 
91AV原创
Search
 
October 27, 2026
 

Home Delivery
Subscribe for more access

Meta

Daniel Moss
An attendee walks past signage for the annual meetings of the International Monetary Fund and World Bank Group in Bangkok on Oct. 14.
COMMENTARY / World
Oct 23, 2026
War, rates and a global economy that won’t break
Today’s nominally solid scenario depends on policymakers not making any major mistakes.
China’s growth targets distort perceptions of economic performance and encourage policymakers to focus on meeting benchmarks rather than addressing deeper structural challenges.
COMMENTARY / World
Oct 9, 2026
China’s growth target has become a trap for Xi
The deeper problem lies in how China measures economic success. It doesn’t aspire to beat expectations, merely to meet them.
Bank of Japan Gov. Kazuo Ueda addresses a news conference after the bank's policy meeting in Tokyo on Friday.
COMMENTARY / Japan
Sep 22, 2026
Ueda’s guarded stance highlights limits of BOJ’s policy shift
The BOJ’s rate increase of a quarter point to 1.25% was seen as a modest step and traders wanting a more forthright signal will be disappointed.
U.S. Treasury Secretary Scott Bessent is putting pressure on the Bank of Japan for a rate hike, noting that Japan has “probably reached the end of Abenomics,” a time when the prime minister and central bank were in lockstep.
COMMENTARY / Japan
Sep 7, 2026
Bessent pushes BOJ as he signals end of Abenomics
A September hike is likely already planned, and what the market is expecting is “hawkish communication” from the BOJ.
Prime Minister Sanae Takaichi meets with U.S. Treasury Secretary Scott Bessent in Tokyo on May 12.
COMMENTARY / Japan
Aug 5, 2026
How safe is the yen under the U.S. umbrella?
Having Washington on board brings important potential benefits — and no small amount of danger.
An electronic board displays the exchange rate of the yen against the U.S. dollar and other currencies on a street in Tokyo on June 22.
COMMENTARY / Japan
Jul 6, 2026
Fighting yen psychology is a losing battle
Turning the currency around, never easy at the best times, has just become harder given the renewed embrace of the greenback.
New U.S. Federal Reserve Chairman Kevin Warsh holds a news conference after a Federal Open Market Committee meeting in Washington on June 17.
COMMENTARY / World
Jun 25, 2026
Warsh Fed era heralds a new trial for Asian currencies
The Warsh era has arrived. In his first news conference, the chair described it as a new chapter for the Fed. Asia needs to read in quickly.
The yen has traded in a narrow ?158 to ?159 range against the dollar for two months as Japan steps up efforts to contain further weakness.
COMMENTARY
May 5, 2026
‘Keep phones on,’ Tokyo warns as yen battle intensifies
Traders are going to need to hold onto their devices going forward, as these kinds of interventions are becoming the new normal.
Famed biologist and author Paul Ehrlich predicted disaster from overpopulation. But today the challenge is declining fertility, with governments in Asia and Europe seeking ways to boost births to maintain economic and social stability.
COMMENTARY / World
Mar 29, 2026
Paul Ehrlich’s ‘Population Bomb’ never went off but did great harm
This isn’t the world that Ehrlich, who died on March 13, envisaged when he published “The Population Bomb” in 1968
Thailand's goal of becoming a high-income economy by 2037 is in jeopardy, with gross national income per capita likely to be short of the threshold.
COMMENTARY / World
Feb 27, 2026
Thai leaders won big. Their economy is still sick.
The country faces challenges such as a drop in tourism, competition from cheaper Chinese electric vehicles, and a baby bust with low fertility rates.
Singapore’s stalled birthrate reflects a broader pattern across wealthy Asian economies where higher living standards, shifting values and gender imbalances have made low fertility persistent and resistant to quick policy fixes.
COMMENTARY / World
Feb 10, 2026
Why Asia can’t undo decades of falling fertility rates
The challenge is shared by most successful nations. Ultralow fertility is a byproduct of rapid development and elevated living standards.
A monitor at the foreign exchange trading company Gaitame.com in Tokyo displays the yen exchange rate against the U.S. dollar at the company's dealing room on Monday.
COMMENTARY / Japan
Jan 28, 2026
Japan is getting creative with its response to the weak yen
But if Tokyo is indeed coordinating policy — or messaging at least — with the U.S. to strengthen the currency, it marks a new and more creative era.
Asia’s economic growth in 2025 was sluggish, central banks acted cautiously amid low inflation and political pressures and the full impact of U.S. tariffs and policy choices will become clearer in 2026.
COMMENTARY / World
Dec 25, 2025
Easy money defined Asia in 2025. It gets harder now.
If predictions are hazardous at the best of times, they are more fraught today.
Bank of Japan Gov. Kazuo Ueda attends a news conference in Tokyo on Friday. The BOJ raised its benchmark interest rate to the highest in 30 years and indicated more increases are in the pipeline if conditions allow.
COMMENTARY
Dec 24, 2025
Bank of 91AV原创 rate hike likely first of many
Today’s Japan is different. Friday’s decision is a milestone. To hear it from the bank, there is still some distance to go.
China is again restraining currency appreciation as market pressure builds, with the People’s Bank of China using reference rate settings and state bank actions to slow gains in order to protect exports and manage economic weakness.
COMMENTARY / World
Dec 18, 2025
Why the push for a stronger yuan won’t go away
China has been skirting deflation and a strong currency could exacerbate the difficulties.
Currency forecasts can be unreliable, as the yen’s recent weakness highlights the limits of intervention and the influence of narratives over economic fundamentals.
COMMENTARY / Japan
Nov 28, 2025
We need to shatter one big myth about the weak yen
That the PM’s extra budget, amounting to less than 3% of GDP, should trigger the weakening seen in recent weeks makes little sense — particularly given record tax revenue.
The People's Bank of China Gov. Pan Gongsheng addresses the Lujiazui Forum in Shanghai on June 18. The nation's central bank is resisting the global habit of cutting rates as insurance against economic risks.
COMMENTARY / World
Nov 26, 2025
Don’t fight the fed. But is China worth a shot?
While the PBOC can’t shake the global economy in quite the same way, and doesn’t have the same independence as the Fed, its sway is significant.
Despite concerns over U.S. President Donald Trump's tariffs and global trade disruptions, the dollar remains dominant in global finance, with the Chinese yuan gaining ground but still far from challenging its supremacy.
COMMENTARY
Oct 8, 2025
Best evidence yet that the U.S. dollar isn’t close to being dead
The dollar was on one side of 89.2% of all trades, up a touch from the 2022 result.
James Baker speaks at the funeral service for former U.S. President George Bush in Houston in December 2018. As Treasury secretary in 1985, he was the key U.S. negotiator of the Plaza Accord, the landmark deal to weaken the dollar and realign global currencies.
COMMENTARY / Japan
Sep 22, 2025
Why the Plaza Accord is still the gold standard
Rather than grieve Plaza, salute it. The deal reflected a confluence of national interest, diplomatic nous and a sense that common interests dictated collaboration.
Australia’s past economic “golden ages” show how bold reforms drove growth, but policymakers now face the challenge of boosting productivity and preparing the nation for a more competitive global environment.
COMMENTARY / World
Sep 16, 2025
Can Australia achieve a third economic golden age?
The ’80s and ’90s were the heydays of reform. The challenge now is how to move forward.
Two Japanese climbers die on remote Himalayan peak in Nepal
Rescuers have recovered the bodies of two Japanese climbers missing for over a week on a remote Himalayan mountain.
Aging Japanese village turns to Peru in search of new residents
Guests from Peru's Belen district interact with a baby in Nanmoku village in Gunma Prefecture.
Budget-friendly restaurant chain Saizeriya succumbs to rising costs
A Tokyo branch of Saizeriya, a chain of family-style Italian restaurants
U.S. has for years asked Musk to alter Starlink service in Ukraine and Middle East, sources say
A Ukrainian soldier sets up a Starlink satellite internet system near the frontline in the Donetsk region, Ukraine, on Oct. 16
U.S. military bans Chinese-made BYD cars from key air base in Okinawa
An F-22 Raptor lands at Kadena Air Base in Kadena, Okinawa Prefecture on Oct. 9. The base is a crucial hub for U.S. military operations in the region.
A dramatic bear hunt in a midsize Japanese city could be a harbinger of what is to come
Zookeeper Tetsuo Iso at the site of frantic search for a wild bear in Utsunomiya on June 9. Iso, 65, was asked by the prefectural government to help capture the bear and it was his shot with a tranquilizer gun that put an end to the saga.
How this long-term resident avoids the annoying tourist label in Japan
Tourists enjoy themselves while crossing the famous Shibuya Crossing in Tokyo on Oct. 12.
What can Asia do to avoid crossing crucial climate tipping points?
Motorists drive through a road covered with smog from wildfires nearby in Ogan Ilir in Indonesia's South Sumatra province on Sept. 25.
91AV原创 permanent residency reform has a glaring blind spot
Japan's immigration reforms risk creating uncertainty by tying permanent residency more closely to language proficiency before clear assessment standards and supporting infrastructure are in place.
Japan weighs how to evacuate thousands of tourists if Mount Fuji erupts
Climbers and visitors gather on the first day of the climbing season at the Fuji Yoshidaguchi Trail, at the fifth station on the slopes of Mount Fuji, in Fujiyoshida, Yamanashi Prefecture, on July 1, 2024.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Famima Park Azabudai is a concept store by FamilyMart that combines convenience store staples with branded apparel, merchandise and a landscaped outdoor space.
Convenience stores, toilets and the allure of everyday Japan
By Elizabeth Beattie

SUSTAINABLE JAPAN

SPECIAL SUPPLEMENTS note

SUPPLEMENTS BINDER