Andy's Feed
Nov 7, 2014
via Breakingviews

Japan’s banks may swap old nemesis for new foe

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By Andy Mukherjee

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

Japan’s banks may end up swapping their old nemesis with a new enemy.

The central bank’s bulked-up bond-buying plan will relieve lenders of the burden of financing Japan’s overextended government. Shrinking their portfolio of Japanese government bonds (JGBs) helps to reduce the risk that even small increases in interest rates will leave banks with big losses. But if Japanese companies remain reluctant to invest, the lenders’ spare cash may stoke bubbles in stocks and property. In that case, banks could arguably end up living more dangerously than before.

Nov 5, 2014
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Bank of Japan bond vault may resemble a black hole

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By Andy Mukherjee

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

The Bank of Japan’s bond vault is starting to resemble a black hole: debt keeps falling in, never to escape. At least, that’s what investors want to believe. If their expectations change, the consequences for Japan’s bond market could be ugly.

Oct 30, 2014
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QE gave emerging markets brief gains, lasting pain

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By Andy Mukherjee

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

Six years of quantitative easing in the United States have brought fleeting gains to emerging markets, and more enduring pain.

Oct 29, 2014

India in depth: Beating the emerging-market gloom

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

By Andy Mukherjee

SINGAPORE, Oct 29 (Reuters Breakingviews) – China and India
are no longer producing enough output for investors to risk
their increasingly expensive capital in these large emerging
markets. That’s less of an issue for China, which wants to move
away from investment-led growth. But it’s a problem for India,
which is embracing just such a strategy.

Oct 23, 2014
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Robots may spell “Control-Alt-Delete” for workers

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By Andy Mukherjee

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

Human beings can never run out of work. Adam Smith held that cheery view, and so far he has been proved right. But can the invisible hand match up to the robotic arm? About 47 percent of existing U.S. jobs are at risk from computerisation, according to an Oxford University study published last year. If wage incomes were to disappear in a short time, the results could be cataclysmic for prosperity and peace.

Oct 17, 2014
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Cheap oil is no tonic for sluggish Asian economies

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By Andy Mukherjee

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

Cheaper oil won’t be much of a tonic for Asian economies. While painful for exporters, sliding prices should benefit consumers of crude. For most in the region, though, less expensive oil is mainly a sign that growth is stalling.

Oct 14, 2014
via Breakingviews

Japan’s low unemployment masks overtime slump

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By Andy Mukherjee

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

The canary of Japan’s demand slump is singing “overtime”. The country’s low unemployment and high vacancy rates paint a misleading picture of tranquility. A more accurate gauge of the growing nervousness in the economy is the shrinking market for extra working hours.

Oct 8, 2014
via Breakingviews

Asian fight against capital flight helps dollar

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By Andy Mukherjee

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

The U.S. dollar could be the winner of Asia’s fight against capital flight. The world economy might be the loser.

Oct 6, 2014
via Breakingviews

China has two bad role models on dealing with debt

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By Andy Mukherjee

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

Economies binging on leverage are all alike – fast-growing and happy. But each country struggling to pay down debt is unhappy in its own way.

Sep 25, 2014

Modi has six months to save “Make in India” drive

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

By Andy Mukherjee

SINGAPORE, Sept 25 (Reuters Breakingviews) – India’s top
court has cancelled the allocation of mines that produce a tenth
of its coal. The blow to power, metal and cement companies
worsens the energy deficit. If Prime Minister Narendra Modi does
not find a solution by April, his efforts to boost manufacturing
will suffer.

    • 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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