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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August 30, 2014

Photos of Labor Day weekend

A man stops to pose for a portrait on his motorcycle, carrying his pet owl and dog, as he arrives to the area where the Brazilian Socialist Party presidential candidate, Marina Silva, will campaign in the Rocinha slum in Rio de Janeiro Brazil, Saturday.

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