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."

September 23, 2014

Photos of the day 09/23

Workers prepare to lift 'Unconditional Surrender,' a 25-foot cast-bronze sculpture of a sailor and a nurse, outside the Caen Memorial in Normandy, France. The sculpture, by Seward Johnson, is based on a US Navy photographer’s black-and-white snapshot taken on Aug. 15, 1945.

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