News
Shorter articles and commentary.
News · Policy · Japan · 2 Oct 2026
Sanae Takaichi's long post on X lists falling visa approvals and a higher bar for permanent residency. It does not say how many of the rejected applicants were breaking the rules.
News · Policy · Japan, China, India · 23 Sept 2026
China doesn't just mine rare earths. It makes nearly all the world's rare-earth magnets, and in 2025 it used that chokehold to force its way into trade talks with Washington. U.S. President Donald Trump can't afford to ignore the leverage days weeks away from the end of the one-year deal.
News · Macro · US · 22 Sept 2026
Nine months ago the site at Eastern Creek, a stretch of light-industrial land on Sydney's western fringe, was mostly empty. Brisbane-headquartered NextDC, Australia’s largest listed developer and operator of such…
News · Macro · Japan · 20 Sept 2026
Higher Japanese bond yields let the country's pension funds and insurers earn what they need with less overseas duration. This comes as Japan's Treasury holdings fall every month since April.
News · Rates & FX · US · 17 Sept 2026
Kevin Warsh had a phrase ready when reporters asked him, again, why the Federal Reserve was raising interest rates into an economy he himself described as strong. The central bank, the Fed chair said, was simply…
News · Macro · India · 14 Sept 2026
India's statistical overhaul cut ₹43.9 lakh crore, about $464 billion, from the country's measured economy. None of it was lost production. Why it vanished is also why this quarter's 7.8 percent growth rate cannot be checked from the outside.
News · Rates & FX · US · 14 Sept 2026
For about four minutes on Monday morning, the bond market did something it had not done since the summer of 2007. The yield on the 10-year Treasury note, the benchmark that sets the price of everything from a 30-year…
News · Rates & FX · US · 10 Sept 2026
A $6 billion buyback was supposed to calm the $29 trillion bond market. Instead the 10-year yield closed at its highest level since 2023, a reminder for even the exalted that math has a way of teaching hubris.
News · Rates & FX · US · 10 Sept 2026
A bigger buyback lifted yields for one session in August. Three weeks later a $6 billion operation landed at the low end of expectations, and the 10-year note went on to its highest close since November 2023.
News · Macro · India · 5 Sept 2026
Officials say India's economy grew 7.8 percent last quarter. A former finance secretary says the real figure is 2.6. Between those two numbers sits a change to India's statistical methods that nobody outside the government has yet been allowed to check.
News · Markets · US · 3 Sept 2026
Twenty-two U.S. states joined the case Monday, alleging the company quietly turned a "second price" auction into something closer to a first-price one, and hid it from more than a million advertisers.
News · Rates & FX · Japan, US · 21 Aug 2026
Sometime this month, the United States Treasury reached into its own history and bought back a bond that almost everyone had forgotten.
News · Rates & FX · Japan, US · 4 Aug 2026
The instructions were four words, scrawled by hand: "To Do: Buy Japanese Yen $5-10 bil."
News · Banks · India · 31 Jul 2026
MUMBAI — The board of HDFC Bank, India's largest private lender, fined its own chief executive this week over his handling of a state government deposit, a rare public rebuke that has deepened a run of governance…
News · Markets · US · 30 Jul 2026
The Fed held rates steady Wednesday for the second time under its new chairman. The bond market's answer was a 19-year high on the 30-year yield, and a widening argument inside the Fed about how little a central bank can say out loud.
