Commentary
We publish information about the five most important events happened last week on the market.
1. Kuroda says Bank of Japan will consider buying derivatives
Bank of Japan (8301) governor nominee Haruhiko Kuroda said that the central bank will consider buying derivatives if he’s confirmed as governor and signaled a readiness for a quick expansion in monetary stimulus.
Read more:
http://www.bloomberg.com/news/2013-...apan-will-consider-buying-derivatives-1-.html
2. Bernanke provokes mystery over Fed stimulus exit
When Ben S. Bernanke asserted last month that the Federal Reserve doesn’t ever have to sell assets, he raised questions about how the central bank can withdraw its record monetary stimulus without stoking inflation.
Read more:
http://www.bloomberg.com/news/2013-03-11/bernanke-provokes-mystery-over-fed-stimulus-exit.html
3. USA government getting in economy’s way: Beige Book
The government is getting in the way of a sustainable economic recovery, according to a Federal Reserve survey of business contacts compiled for the Beige Book report released Wednesday.
Read more:
http://www.marketwatch.com/story/government-getting-in-economys-way-beige-book-2013-03-06
4. US Concern on China currency fades as Yuan grinds higher
After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security and trade secret theft.
Read more:
http://www.cnbc.com/id/100540895
5. Ready to work
Neither fiscal cliff, nor sequester, nor any other Washington chicanery can derail an American recovery that looks like maybe hitting its stride. Not yet, at least. Despite fears that a first quarter full of uncertainty over fiscal showdowns, expiring tax cuts, and automatic spending increases would present serious headwinds to the American economy, private firms seem willing to keep hiring, and at an impressive pace by the standards of this expansion. According to new data from the Bureau of Labour Statistics, the economy added 236,000 jobs in February, and the unemployment rate dropped to 7.7%. Firms have added more workers in only a handful of months since the recession ended in June of 2009.
Read more:
http://www.economist.com/node/21573242