Andy's Feed
Feb 10, 2015

Indian electoral upset could weigh on reforms

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

By Andy Mukherjee

SINGAPORE, Feb 10 (Reuters Breakingviews) – The upstart
Common Man Party has regained power in Delhi a year after its
first brief rule. For now, that’s a minor embarrassment for
Narendra Modi. But if his rival’s left-wing rhetoric gains
national traction, the prime minister may have to rethink his
pro-business policies.

Feb 3, 2015
via Breakingviews

Australia underscores urgency of Asian rate cuts

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By Andy Mukherjee 

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

Australia’s interest-rate cut underscores the urgency of lower borrowing costs in the Asia-Pacific region.

Feb 3, 2015
via Breakingviews

Australia underscores urgency of Asian rate cuts

Photo

By Andy Mukherjee 

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

Australia’s interest-rate cut underscores the urgency of lower borrowing costs in the Asia-Pacific region.

Feb 2, 2015
via Breakingviews

India’s “improved” GDP statistics strain credulity

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By Andy Mukherjee

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

India’s “new and improved” GDP statistics are asking investors to suspend their disbelief. Revised data suggests that growth zoomed in the year to last March, just as the country tightened fiscal and monetary policies to tame inflation, narrow the current account deficit and prevent a currency crisis. Such a thing has not happened in any major economy in at least three decades.

Jan 28, 2015

India in depth: Relaxing the budget squeeze

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

By Andy Mukherjee

SINGAPORE, Jan 28 (Reuters Breakingviews) – The states of
India deserve a break. They have been living under harsh budget
constraints that New Delhi has seldom accepted for itself. The
upcoming budget gives Finance Minister Arun Jaitley a chance to
let states boost spending even as the federal government turns
more austere. This rebalancing is required to lift languishing
growth. It is also a wise political move.

Jan 27, 2015
via Breakingviews

Monetary mess threatens gains from oil oversupply

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By Andy Mukherjee

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

A sharp oil price decline is generally a sign of oversupply, and an oil glut is normally an economic lubricant. The oil price is down almost 60 percent since June, and about half of the decline looks like a case of oversupply. But cheap crude might not provide much oomph, because central banks are gumming up the works.

Jan 26, 2015
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Obama’s nuclear gift to Modi is shrewd investment

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By Andy Mukherjee

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

Barack Obama’s nuclear gift to India looks like a shrewd investment. By agreeing to a workaround that protects power station builders from civil liabilities in the event of a meltdown, the U.S. president has effectively unblocked New Delhi’s reactor programme. The bigger bet is on ending India’s energy crisis.

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.

    • 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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