Business Stefan Karlsson

  • Stefan Karlsson Bank of England adopts unemployment target

    The Bank of England has practically abandoned its target of moving inflation down to 2 percent, saying it won't consider raising interest rates until unemployment falls below 7 percent, Karlsson writes. The move isn't likely to change much policy, but it is an explicit reminder that inflation rates have been above 3 percent since 2005.

  • Stefan Karlsson Japanese bond yields inch up. Are 'Abenomics' to blame?

    Japanese bond yields have started to move up again, rising above the pre-'Abenomics' level to 0.91 percent, Karlsson writes, something that worries many Japanese officials. Private demand has collapsed as investors have increasingly started to believe that the Bank of Japan through its purchases will actually achieve its new stated inflation target of 2 percent, a slump in demand that some have called a "bond buyer's strike."

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July 25, 2014

Photos of the Day 07/25

A woman carries a child around the fire, where an effigy of the demon Ghantakarna was burned to symbolize the destruction of evil, during the Ghantakarna festival at the ancient city of Bhaktapur, Nepal. According to local folklore, the demon is believed to 'steal' children and women from their homes and localities.

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