Andy's Feed
Jan 23, 2015
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ECB bazooka a water pistol for emerging markets

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By Andy Mukherjee

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

The European Central Bank has fired its bazooka. For emerging markets, it’s little more than a water pistol.

Jan 16, 2015
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Japan index: BOJ easing fails to score quick gains

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By Andy Mukherjee

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

The Breakingviews Abenomics Index fell in November. Inflation expectations slid and wages declined. While the Bank of Japan’s Oct. 31 decision to print more money has caused stock and bond prices to zoom, the economy is still struggling to cope with an extended demand slump.

Jan 16, 2015
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Asia’s big demons: debt, deflation, demographics

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By Andy Mukherjee

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

Asia is battling not one but three demons. The unholy trinity of debt, deflation and demographics threatens to sap the region’s growth potential. Fending off the challenge requires central banks to cut borrowing costs. But they are reluctant to do so when U.S. interest rates are poised to rise. That could turn out to be a huge error.

Jan 15, 2015
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India’s rate cut is first of several this year

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By Andy Mukherjee

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

Raghuram Rajan’s first rate cut is just one of the several that investors will expect from India’s central bank governor this year.

Jan 13, 2015
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Portfolio shifts may give Japan stocks extra zing

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By Andy Mukherjee

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

A shift in Japanese portfolios may add a new zing to the country’s stock market.

Jan 7, 2015
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Asia’s central banks are behind rate-cutting curve

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By Andy Mukherjee

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

Asia’s central banks are in danger of falling behind the yield curve. The region’s monetary authorities have so far failed to heed bond investors’ legitimate worries about disinflation. Their reticence could imperil both GDP growth and financial stability.

Jan 2, 2015
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Japan’s cash helicopter may be first to take off

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By Andy Mukherjee

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

Japan could become the first rich nation to launch helicopter money. Dissatisfaction with deflation and growing disillusionment with quantitative easing might prompt the country to reach for the final trick in the monetarist playbook.

Dec 30, 2014
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Where to hide in an emerging market rout

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By Andy Mukherjee

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

Emerging markets follow the biblical rule of seven lean years followed by seven rich ones, according to Harvard University economist Jeffrey Frankel. Every fifteen years, a crisis erupts.

Dec 24, 2014
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Cheaper oil no friend to Asia’s households

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By Andy Mukherjee

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

Cheaper fuel sounds like something no household would turn down. Yet falling energy prices are presenting Asia with a worrying prospect: wage growth may slump just when extra income is most needed.

Dec 23, 2014
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Meddling will be central banking’s new mantra

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By Andy Mukherjee

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

Central bankers in rich nations have a new mantra: meddle. In a world of ultra-low interest rates, dormant inflation and uncomfortably high leverage, the monetary authorities have to tinker with anything that can have consequences for financial stability.

    • 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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