Financial

"Taking Inflation Pressures Into Account"—ECB Raises Rates Again Following June Increase BOJ Rate Hike Also Seen as a Foregone Conclusion, Signs of Yen Carry Trade Unwind Divergent Views on U.S.

Irish reminder raised refinancing 76 percent, but inattention persists Euro-area consumers attend far less to rates than inflation HARP's slow uptake shows an older transmission failure In a field experimen

Europe's stablecoin market stays tiny despite growing bank interest Multinational issuance lets dollar runs hit European issuers hardest Automatic stabilisers could close the gap; Europe hasn't adopted them The euro-sta

China accelerates diversification of foreign reserve assets by increasing gold reserves and reducing U.S.

Iran War disrupts supplies of discounted Russian and Iranian crude China’s PPI rises 3.8% as energy and commodity costs surge Weak domestic demand hampers pass-through of higher production costs The

Bessent Moves to Halt Yen Slide, Issues Public Warning to Speculators Scale and Staying Power of Intervention Questioned Despite U.S.-Japan Policy Coordination Repricing of Fiscal Risks Could Spread Shocks Across Financial Markets and Real Economy

Yen rally pushes currency above $0.0065 BOJ tightening cycle accelerates, signaling yen carry trade unwind Trump presses Fed for rate cuts despite narrowing U.S.–Japan rate gap The yen has begun tracing a pronounced upward trajectory.

Lower-Income Spending Accelerates as Affluent Consumption Holds Steady Wage Recovery, Family Support and AI Employment Effects Converge ‘C-Shaped’ and ‘G-Shaped’ Diagnoses Gain Traction as the ‘K-Shaped’ Divide Narrows

Norwegian data show portfolio adjustment takes years, not months Slow adjustment turns dangerous when equity premium shifts are abrupt Policy and portfolio implications diverge based on shock type When Norway aboli

Pension funds are shifting fast from defined benefit to defined contribution Netherlands offers the clearest real-time test of the transition Falling long-term bond demand may be pushing US Treasury yields up <

Fed signals possibility of further tightening after holding rates steady in July Global financial markets treat ECB and BOJ rate hikes as virtually certain Heat waves, drought and military conflicts compound inflationary pressures worldwide

ICBC, Agricultural Bank of China, and insurers among eight firms to raise $50.2 billion in capital Expanded bank lending capacity aimed at reviving investment and consumption Weak household borrowing and concentration of corporate lending constrain spillover to domestic demand

Rising U.S.

Japanese household spending squeezed by high inflation and declining disposable income “From 8% to 1%”: Takaichi government moves to cut food consumption tax Backlash feared when tax rate is restored, alongside fiscal strain from revenue shortfall

Government bond yields rise in tandem across the U.S., Japan and major European economies Middle East oil shock and sovereign debt concerns drive up risk premiums Surging investment puts fiscal management and the real economy on alert worldwide

Türkiye's 2021–23 rate cuts and KKM shifted currency risk onto the state Washington and Tokyo now defend the yen via FIMA-collateralized borrowing instead Both cases buy time at rising cost, not remove the rate differential

Emerging-market firms pay a persistent country-level borrowing premium Deeper local savings can widen access and lower yields Financial liberalisation expands access but adds global-rate exposure A company

More information can worsen beliefs when signals are unrepresentative Trust shapes which economic signals households choose to believe Transparency works best when uncertainty and timing remain explicit In an international

China’s trade power is becoming a financial transmission channel Emerging markets came first; advanced markets now respond too RMB policy could redirect larger Chinese capital flows abroad At the end of 2025,

Japan’s massive FX intervention with U.S.