Deep Dive · Rates & FX · Japan · 11 Jun 2026
The Ministry of Finance spent a record ¥11.7 trillion buying yen in April and May. The Bank of Japan couldn't raise rates fast enough to matter. So the MoF bought time.
News · Rates & FX · Japan · 11 Jun 2026
The 2026 record-breaking intervention has laid bare the limits of Japan’s defensive economic strategy. Caught between a weak yen that fuels inflation and a precarious debt load that prevents aggressive rate hikes, Tokyo is increasingly relying on a series of tactical strikes--and an ever-growing list of non-rate tools--to maintain a fragile, managed equilibrium.
Deep Dive · Rates & FX · Japan · 10 Jun 2026
Why the Bank of Japan's next rate move matters more for global portfolios than anything the Fed, ECB, or PBoC will do in 2026 — and how to position before it lands.
News · Rates & FX · US · 2 Jun 2026
Kevin Warsh wants to change how the Fed measures prices. Critics say he is choosing the gauge that happens to justify cutting rates.
News · Rates & FX · Japan, US · 27 May 2026
Japanese Prime Minister Sanae Takaichi may have bought time by announcing extra spending to tide over high prices. But her willingness to spend is being closely watched by investors around the world as it signals danger…
News · Rates & FX · Hong Kong, US · 21 May 2026
A signal buried in market data is flashing again -- and this time, inflation isn't letting up.
News · Rates & FX · India · 27 Apr 2026
The Reserve Bank of India has spent the first months of 2026 defending the rupee, and the defense is costing more than the currency is worth protecting.
News · Rates & FX · US · 31 Mar 2026
President Donald Trump wants interest rates at zero. His own foreign policy is making that impossible.
News · Rates & FX · Hong Kong · 1 Mar 2026
The HKD peg has held for 40 years. In 2026, two developments demand fresh scrutiny: the first-ever withdrawal from the Exchange Fund for fiscal purposes, and HK$249 billion in Aggregate Balance swings over six weeks that transmitted directly to mortgage and SME funding costs.
