Andy's Feed
May 26, 2015
via Breakingviews

Japan lesson on China debt: extend, don’t pretend

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Japan holds an important lesson for China. Like the People’s Republic today, it battled with runaway debts in the early 1990s. The key is to tell banks whose loans are going bad: if you must, then extend – but don’t pretend.

May 26, 2015
via Breakingviews

Japan lesson on China debt: extend, don’t pretend

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Japan holds an important lesson for China. Like the People’s Republic today, it battled with runaway debts in the early 1990s. The key is to tell banks whose loans are going bad: if you must, then extend – but don’t pretend.

May 20, 2015
via Breakingviews

Asia’s consumption slump is newest growth hurdle

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Asia is facing a new growth hurdle: a slump in consumption. The region’s battle against anaemic export demand is already in its fourth year. Now domestic spenders, too, are going on strike. The fear that Asia may be unable or unwilling to spend its cheap-oil bonanza is coming true. Without bold monetary easing, growth may tank.

May 20, 2015
via Breakingviews

Asia’s consumption slump is newest growth hurdle

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Asia is facing a new growth hurdle: a slump in consumption. The region’s battle against anaemic export demand is already in its fourth year. Now domestic spenders, too, are going on strike. The fear that Asia may be unable or unwilling to spend its cheap-oil bonanza is coming true. Without bold monetary easing, growth may tank.

May 12, 2015

India’s sales tax could be another botched reform

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Andy Mukherjee

SINGAPORE, May 12 (Reuters Breakingviews) – The country has
spent more than a decade debating a goods and services levy that
would unify 29 states into a single, billion-person market. But
the bill that’s about to become law falls far short of the
ideal. Fixing a flawed tax regime might cost the economy another
10 years.

May 4, 2015
via Breakingviews

India’s aborted central bank plan has few mourners

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

India’s finance ministry has aborted its plan to clip the central bank’s wings. The ill-conceived proposal will have few mourners. Retrospective taxes have already dented the confidence of foreign investors in India. Taking control of trading in government bonds away from a well-functioning regulator would have caused more alarm.

Apr 29, 2015
via Breakingviews

Abe’s Capitol Hill speech needs ideas for backyard

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The test of Shinzo Abe’s speech on Capitol Hill will be the credibility of his vision for Asia. The Japanese prime minister’s visit to the United States has highlighted the strategic and financial links between the two countries. But managing a pesky relationship with China and fostering a growing friendship with India promises bigger economic opportunities and could make Japan a more vital ally.

Apr 29, 2015
via Breakingviews

Abe’s Capitol Hill speech needs ideas for backyard

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

The test of Shinzo Abe’s speech on Capitol Hill will be the credibility of his vision for Asia. The Japanese prime minister’s visit to the United States has highlighted the strategic and financial links between the two countries. But managing a pesky relationship with China and fostering a growing friendship with India promises bigger economic opportunities and could make Japan a more vital ally.

Apr 27, 2015

India retirees’ stocks push lacks Japan’s zeal

(The author is a Reuters Breakingviews columnist. The opinions
expressed are his own.)

By Andy Mukherjee

SINGAPORE, April 27 (Reuters Breakingviews) – India’s
workers will soon have a part of their nest eggs in stocks. A
similar portfolio shift by Japan’s retirement funds has played a
big role in pushing that country’s Nikkei stock market index to
a 15-year high. The Indian version, however, is too modest to
boost investor sentiment. A bolder embrace of equity culture
will require overcoming trade unions’ deep mistrust of markets.

Apr 23, 2015
via Breakingviews

Japan stocks can rise beyond symbolic Nikkei high

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

For market indices, round numbers have little more than symbolic meaning. Even so, the Nikkei 225 index’s first close above 20,000 in 15 years is a significant benchmark for Japanese stocks. The last time the gauge scaled that peak in April 2000, it dropped by a third in the subsequent eight months. There are at least three reasons to expect a more cheery outcome this time around.

    • About Andy

      "Andy Mukherjee covers Asian economies from Singapore. He joined from The Straits Times where he was a senior writer. Andy spent eight years at Bloomberg News, the last five as an Asia columnist. In 2004, and again in 2006, he was awarded the second prize for outstanding commentary writing by the New York-based South Asian Journalists' Association. He left Bloomberg to join a start-up business television station in Mumbai where he was the executive editor until 2010. Andy has an undergraduate degree in journalism from University of Delhi."
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