Nissan Motor Co. forecast its growth in China in 2014 will outpace industrywide sales in the country for the first time in three years as consumers in the world’s largest auto market return to Japanese brands.
Prime Minister Shinzo Abe’s success in reviving the world’s third-largest economy hinges on wages rising more than the Bank of Japan’s 2 percent inflation target, according to the investment strategist the premier has invoked as an authority on the country’s need for growth.
Federal Reserve Bank of St. Louis President James Bullard, a voter on policy this year who has backed record stimulus, said lowering the unemployment threshold for a possible interest-rate increase would risk credibility when the focus should be on raising inflation.
Federal Reserve Chairman Ben S. Bernanke’s response to Bloomberg News reporting regarding the Fed’s emergency lending to banks and other companies, although hardly complimentary, sounded a welcome note of engagement by the U.S. central bank in issues that frame one of the most important financial stories of our time.
Americans can take comfort knowing that Congress and the courts affirmed what may prove the most reassuring legacy of the worst financial disaster of our time: The Federal Reserve is the people’s bank and obligated to share what it knows and does with the citizenry it serves.
The European Central Bank allowed itself to be deceived by a default in the making and now refuses to share with the taxpaying citizens it represents the details of the deception. Secret and opaque financing got Europe into a mess that can only be resolved by the transparency of full disclosure.
Iranian President Hassan Rouhani’s latest break with predecessors, condemning the killing of Jews in the Holocaust, extends a makeover of the Islamic republic’s diplomacy that’s driving a currency revival back at home.
Matthew Winkler, editor-in-chief of Bloomberg News, talks about Bloomberg News' response to Federal Reserve Chairman Ben S. Bernanke's letter to four senior lawmakers yesterday that said recent news articles about the central bank's emergency lending programs contained "egregious errors."