Andy's Feed
Jul 22, 2014
via Breakingviews

Japan’s bond-hugging banks are pinning Abe down

Photo

By Andy Mukherjee

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

Japanese lenders’ outsized government bond holdings have Prime Minister Shinzo Abe in a chokehold. Unless banks shed the load now, they might try to dump the debt when the Bank of Japan stops printing money and causes bond prices to fall. A stampede could rattle the financial system and dent Abe’s anti-deflation campaign.

Jul 17, 2014
via Breakingviews

Asia’s solid exterior hides internal weakness

Photo

By Andy Mukherjee 

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

Asian economies are becoming more resilient externally, but sputtering economic growth is weakening them from within.

Jul 7, 2014

India budget hinges on restart, repair, reform

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

By Andy Mukherjee

SINGAPORE, July 7 (Reuters Breakingviews)- Investors have
very high hopes for the new pro-business Indian government’s
maiden budget on July 10. It has three priorities: restarting a
stalled investment cycle, repairing the government’s fiscal
health and reforming the supply side of the economy. Addressing
all three will be a daunting task. But with a mix of honesty and
creativity, Prime Minister Narendra Modi and his Finance
Minister Arun Jaitley just might pull it off.

Jun 25, 2014
via Breakingviews

Japan’s corporate tax cut could harm Abenomics

Photo

By Andy Mukherjee

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

Shinzo Abe wants to prove his reform credentials by cutting Japan’s 36 percent corporate tax rate. But the prime minister’s plan could backfire and end up harming his anti-deflation campaign.

Jun 19, 2014
via Breakingviews

Tranquil markets may lead emerging nations astray

Photo

By Andy Mukherjee 

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

The return of calm to global markets is not an unalloyed blessing for the developing world. In the year since investors freaked out about rising U.S. interest rates, JPMorgan’s emerging markets bond index has recovered almost all of its losses. That could tempt developing economies to abuse easy money and blow domestic asset bubbles.

Jun 17, 2014

India in depth: Global slack will test Modi’s zeal

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

By Andy Mukherjee

SINGAPORE, June 17 (Reuters Breakingviews) – The slack in
the global economy will test the new Indian prime minister’s
resolve. Narendra Modi’s government has pledged to fix the
country’s broken investment cycle. But world growth is too weak
for an ambitious revival, and a recovery funded with still-cheap
money could be short-lived. It will far better to act as a
patient reformer.

Jun 12, 2014

Singapore confronts peril of please-all economics

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

By Andy Mukherjee

SINGAPORE, June 12 (Reuters Breakingviews) – Singapore is
confronting the perils of please-all economics. Ageing citizens
are pushing the government for bigger nest eggs and more
subsidised healthcare and housing. There is also popular
resentment against letting more foreigners in, and not much
appetite for increasing the 7 percent consumption tax. Squaring
this fiscal circle will be a long-term challenge.

Jun 6, 2014

BRICS bank: a good idea that can do grave harm

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

By Andy Mukherjee

SINGAPORE, June 6 (Reuters Breakingviews) – Brazil, Russia,
India, China and South Africa want to clone the World Bank. It’s
one of those worthwhile initiatives that can end up causing
harm.

May 27, 2014

Modi’s slimmed-down team can speed Indian reforms

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

By Andy Mukherjee

SINGAPORE, May 27 (Reuters Breakingviews) – Narendra Modi’s
first decision as India’s new prime minister has been to shrink
the government. His newly inaugurated cabinet will have just 46
ministers, compared with 71 in the previous administration.
That’s a welcome first step toward speeding up the country’s
notoriously slow pace of policymaking.

May 23, 2014
via Breakingviews

Unavoidable coup is awful for Thai economy

Photo

By Andy Mukherjee

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

Thailand’s latest military coup was probably unavoidable. But that doesn’t make it any more likely that an army takeover will heal the country’s deep-seated divisions. The increased risk of violent conflict leaves the economy, which contracted by 2.1 per cent in the first quarter, further adrift.

    • 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."
    • Follow Andy