Jeremy Bonney, editor and product manager at CoinDesk, expects more "formal guidance" on bitcoin to be issued by governments this year and discusses the future of the virtual currency.» Read More
Retail sales in Japan fell unexpectedly in November from a year earlier, underlining the view that consumption remains a weak link in the economic recovery and trimming the chances of an interest rate hike in January.
Japanese consumer price growth matched expectations and personal consumption fell less than forecast in November, keeping alive speculation that the Bank of Japan could raise rates as early as next month.
Japan's trade surplus rose more strongly than expected in November from a year earlier as growing exports continued to underpin a steady recovery of the world's second-largest economy.
In the last week before Christmas Scrooge is no where to be seen. The skeptics are being driven from the markets. It is nigh on impossible to find a strategist at the moment prepared to come on TV and tell you not to own lots of stocks going into 2007. Giles Keating, Head of Research at Credit Suisse is a case in point, it doesn't get much more Goldilocks than this: U.S. soft landing then reacceleration of growth in the second half of the year, Europe outperforms the U.S., and Japan (A STINKER THIS YEAR) recovers further. Safe in emerging markets, but hard to find value in bond markets. Inflation doesn’t threaten the party and corporate profits continue to roll along nicely, with partial confirmation from another guest –- Ed Thompson, Gartner (the tech research people) –- that corporate spending on software and IT is, if anything, picking up.
Japan's current account surplus rose unexpectedly in October from a year earlier as continued gains in investment income offset a shrinking trade surplus.
China should surpass Japan this year to become the world's No. 2 investor in research and development after the United States, an international economic group said.
Joseph Stiglitz, Professor at Columbia University and 2001 Nobel Prize Winner explains how the central bank's stimulus program will improve the debt to GDP ratio if it successfully ends deflation.