Word: democraticizing
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With demand so low, few firms will be willing to borrow which means the impact of another round of easing is likely to be limited. Masaaki Kanno, JPMorgan Securities chief economist in Tokyo, says, "The message from senior [Democratic Party of Japan] politicians is that they want the BOJ to...
Strong democratic institutions, such as a congress that responds to the people and civilian control of the military provided the best hope of a warding off the cycle of instability and coups that have dominated Latin American in the past, he said.
“Democratic institutions have to weather storms and last over a number of years to take root,” Levistky said, adding that sanctioning the coup posed “an incredibly dangerous precedent.”
President Barack Obama's year of outreach to Iran has succeeded in putting it on the diplomatic defensive: that much was clear from Friday's blunt reproach of Tehran by the International Atomic Energy Agency's board. But it's less clear that Obama can convert that diplomatic advantage into...
The most promising target for expanded sanctions is the Iranian Revolutionary Guard Corps (IRGC), which not only controls much of the military and the nuclear program, but has also steadily expanded its control over other areas of Iranian political and economic life in recent years. Though Obama had criticized Secretary...