Word: central
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...that to balance a budget deficit expected to swell this fiscal year to $1.85 trillion - equal to 13% of the country's GDP, a level not seen since World War II - the Federal Reserve could simply resort to printing more money, further flooding the markets with dollars. While the central bank said on June 24 that it had no plans to expand its purchase of government or mortgage bonds beyond the $1.2 trillion earmarked for the purpose in March, not everyone is convinced. "There is always the nagging concern that if this is just a dead cat bounce...
...Analysts had anticipated some improvement in business confidence in the quarterly tankan survey results released by Japan's central bank. However, the survey, which polls 1,215 large manufacturers as well as thousands of other businesses, indicated companies remain more pessimistic than optimistic and are still reluctant to make capital investments. According to Kanno, the results confirm "the upside momentum is getting stronger, but the level of the economic activities is still very low." Japan's unemployment rate rose for the fourth straight month to 5.2% in May, up from 5.0% in April. Job availability is at a record...
...begins to reverse loose fiscal and monetary policies as the economy improves. For example, raising interest rates - now effectively zero - too quickly could nip a recovery in the bud. "We need to be careful about the response of the market and the economy to the expected government's and central bank's exit policy," says Kanno. "Normalization policy may trigger the next downturn...
...Such scenes of divided crowds protesting in a tropical republic may seem like a time warp to the war-ridden '80s. Indeed, as Honduras struggles with the first Central American coup in almost two decades, it hasn't moved on much since the bad old days of the Cold War. Pumped-up soldiers stand on every corner, backed by humvees and low-flying helicopters. In the heat of the afternoon, groups of young men gather on street corners burning tires and smashing windows before troops hit back with baton charges and tear gas. Then as darkness descends, everyone rushes...
...past, much of the rest of the world seems to have moved on. In contrast to the U.S.'s record of having backed right-wing coups throughout the Cold War, U.S. President Barack Obama, along with the rest of the international community, was quick to condemn this latest Central American upheaval. His position has prompted a telling change of attitudes on the streets of Tegucigalpa. The leftist protesters are praising the U.S., which they normally would consider an evil empire, and urging it to help them restore Zelaya. Meanwhile, those in the halls of power grumble that the world...