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Easing by People's Bank of China

November 21, 2014

In the face of weakening demand and mounting disinflationary pressures, the latest interest rate cuts by People’s Bank of China was not a surprise. Capacity utilization is too low and the slack in the labor market is increasing.

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Japan’s Economic Outlook

November 20, 2014

The Japanese economy has fallen into recession, with GDP contracting in three of the last four quarters.  Growth took a major dip after the April sales tax hike, which caused a drop in private spending by households and businesses.


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