On June 24, the Japanese government issued a new “Japan Revitalization Strategy,” a blueprint of proposed structural reforms designed to boost the long-term growth potential of the world’s third-largest economy. This is the Abe administration’s second attempt to launch the “third arrow” of its comprehensive economic reform plan known as Abenomics (the first two arrows being monetary easing and fiscal stimulus) and builds on an initial growth strategy released one year ago. The markets expressed disappointment with the June 2013 package, but the reaction to this new version thus far has been generally positive with the Nikkei 225 index continuing to hover around a five-month high. Attention will now focus on how thoroughly the package of reforms is implemented.
Q1: How is the recent escalation of violence in Iraq impacting global oil markets?
As Iraq increasingly stumbles in the face of an overt threat from the Islamic State of Iraq and al Sham (ISIS), troubling questions emerge about how the United States might assess and address instability in the Middle East and wider threats posed by unconventional or irregular forces.
Q1: Why did President Obama give the speech?
A decade-long negotiation between Russia and China appears to have finally closed on May 21, during Russian President Vladimir Putin’s visit to Shanghai.
For the time being here in the United States, immigration reform has all but fallen off Congress’s policy agenda, victim to the partisan divisiveness that has characterized the legislative process in recent years. But as that stalemate persists, it proves ever more problematic for the country’s domestic and foreign affairs.
Today was the deadline for Indonesia’s political parties to nominate their presidential candidates and coalitions. There have been some interesting turns and unexpected alliances. What is taking shape is a two horse race between two very different candidates.
India held its national election between April 7 and May 12. Today the Election Commission has been opening the electronic ballot boxes and releasing the vote counts.
On May 15, the U.S. Federal Communications Commission (FCC) will vote on a notice of proposed rulemaking for a new net neutrality regulation. The proposal is not yet available to the public, but the FCC announced that the new regulations would allow for "commercially reasonable" traffic management—a provision that has caused uproar in online communities.
On May 6, at a meeting of the Chilean-American Chamber of Commerce, U.S. Ambassador to Chile Michael Hammer expressed his concern that Chile’s ongoing tax reform process take into consideration the interests of all of the country’s commercial stakeholders—including those of U.S. firms operating in Chile.