Daniel Moss

It's too soon to breathe easy on China's economic revival. A run of disappointing numbers suggests additional stimulus may be needed — if officials can rally themselves to the task.

IS CHINA'S economic revival on track? A run of disappointing numbers suggests that additional stimulus may be needed – if officials can rally themselves to the task.

The Warsh era has arrived. In his first news conference, the chair described it as a new chapter for the Fed. Asia needs to read in quickly.

There are sound arguments for Japan sitting on the sidelines as the yen skids to a four-decade low. Turning the currency around, never easy at the best times, has just become harder given the renewed embrace of the greenback. Prime Minister Sanae Takaichi’s government certainly won’t be pushing on an open door.

Turning the currency around, never easy at the best times, has just become harder given the renewed embrace of the greenback.

Fighting yen psychology is a losing battle - Daniel Moss

New Zealand has reluctantly joined the widening group of countries raising interest rates. This isn’t an increase that reflects a hot economy, as was the case when the last tightening cycle that began in 2021, or runaway inflation. Officials more or less talked themselves into a corner. In the process, they have handed ammunition to those arguing that the less said the better when it comes to monetary policy communications.

The resilience of the global economy in coming decades will hinge on geopolitics, the evolution of supply chains, technology — and demographics. Contrary to some troubling depictions, the slide in birthrates doesn’t mean permanently lower growth. Nor does it have to lead to an inexorable erosion in standards of living or the end of innovation. Some high-profile academics are offering a refreshingly upbeat perspective.

Technology doesn't have to be just a substitute for labour shortages or receding populations.

THE RESILIENCE of the global economy in coming decades will hinge on geopolitics, the evolution of supply chains, technology — and demographics.