Andy's Feed
Jan 15, 2015
via Breakingviews

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.

Dec 23, 2014
via Breakingviews

India’s growth spurt could be for real this time

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By Andy Mukherjee

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

India’s decade-long obsession with GDP expansion has proved a costly misadventure. In recent years, inflation has surged even as growth has slowed, damaging the balance sheets of corporate borrowers as well as state-run lenders.

Dec 15, 2014
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Abe wins election, but wage trial will be tougher

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By Andy Mukherjee

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

A solid election majority has given Japan’s prime minister a fresh mandate to lift wages and end deflation. But Shinzo Abe and his ruling alliance can’t keep their promise by merely printing more yen. Productivity-led pay hikes will require reforms, and those may not materialize very quickly.

Dec 9, 2014
via Breakingviews

Japan index: Shallow recovery from deep recession

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By Andy Mukherjee

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

The Breakingviews Abenomics Index rose marginally in October. Private consumption improved, and the stock market zoomed ahead of Bank of Japan’s stimulus. But subdued inflation is a worry. The economy could be slow to shrug off the chilling effect of the April sales tax increase.

    • 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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