The recent sales tax increase in Japan is wreaking havoc with price statistics, making year-over-year comparisons basically useless. To address this problem we have begun to make a very simple adjustment to the published price stats which is to subtract the impact of the tax...
Earlier this week, we saw data releases for consumer prices and unemployment in Europe: This morning, Draghi announced that key rates would remain unchanged while affirming the ECB’s commitment to ’consider all instruments available’ in order to cope with ’lowflation’ in the Eurozone....
This morning’s release of Germany’s final data confirmed previous estimates for sluggish growth in consumer prices: With the decline in inflation, investors seem to be gravitating more towards government bonds....
Important survey data out of Europe today points to a growing disparity between the region’s two largest economies....
