The amazing and unstoppable collapsing yen

TOKYO – There’s something surreal about the debate at Bank of Japan (BOJ) headquarters over whether to jump into markets to support the yen. Japan’s central bank faces the most intense pressure in more than two decades to intervene in currency trading, but unlike previous pressure campaigns, the BOJ isn’t being prodded to weaken the yen […]

The post The amazing and unstoppable collapsing yen appeared first on Asia Times.

Continue Reading

Anti-invasion campaigner: Time to step on the gas

A prominent Ukrainian activist has slammed the “absurd” actions of the EU whereby a partial embargo on Russian oil has done little to stem the tide of aggression that has devastated her homeland. With war continuing to rage six months after Russian tanks rolled into the Donbas region, Svitlana Romanko, director of Razom We Stand, […]

The post Anti-invasion campaigner: Time to step on the gas appeared first on Asia Times.

Continue Reading

Falling FX reserves herald Asia financial crisis 2.0

Asian currency banknotes interspersed with US dollars. Photo: iStock/Getty Images.

TOKYO – Few narratives spook Asia more than word of trouble in Thailand – a lot more so when foreign-exchange reserves are involved. It was Bangkok’s devaluation in July 1997 that put in place the Asian financial crisis. As foreign-exchange supplies ran out, the government and Bank of Asia had no choice but to discard the […]

The post Falling FX reserves herald Asia financial crisis 2 . 0 made an appearance first on Asia Periods .

Continue Reading

No solution too novel in a global climate emergency

Did the Earth’s climate just cross the Rubicon? It certainly feels that way given all the intense weather events occurring. Europe  recorded  the hottest summer on record. California continues to be in an unprecedented climate  emergency  that may result in rolling electricity blackouts. We don’t even know what challenges will be held at in the Southern Hemisphere when summer makes its presence felt.   […]

The post No remedy too novel inside a global climate crisis appeared first on Asia Occasions .

Continue Reading