The Bank of Japan is maintaining its -0.1% interest rate target, while European central banks and the U.S. Federal Reserve are raising interest rates. Growing monetary policy divergence between Japan and the rest of the world has pushed the yen to 24-year lows.—cnbc.com
Category: MAT7
International Trade and Finance
Keywords: Comparative advantage, Exports, imports, Exchange rate, Balance of payments, International borrowing and lending
Parkin 14e Chapters 9, 15
Bade-Parkin 9e Chapters 18
Parkin-Bade Canada 11e Chapters 9, 15
Parkin-Bade Australia 2e Chapters 18
Parkin-Powell-Matthews 11e Chapters 25, 31
U.S. to Lift Tariffs on Ukrainian Steel
The Biden administration has negotiated with the EU, Britain, and Japan to ease the Trump administration’s steel tariffs, while maintaining some protections for U.S. steel makers. Now President Biden plans to lift tariffs on Ukrainian steel.—nytimes.com