Japan Inc is hiking wages by around 3%, well below inflation. At the same time SVB 's collapse has propped up sovereign bonds and the yen. There's not much to cheer, but it takes pressure off the BOJ to lift rates, says petesweeneypro
Asia Economics Editor Pete Sweeney joined Reuters Breakingviews in Hong Kong in September 2016. Previously he served as Reuters' chief correspondent for China Economy and Markets, running teams in Shanghai and Beijing; before that he was editor of China Economic Review, a monthly magazine focused on providing news and analysis on the mainland economy.
Sweeney came to China as a Fulbright scholar in 2008, and in that role conducted research on the Chinese aviation industry and outbound M&A. In prior incarnations he helped resettle refugees in Atlanta, covered the European Union out of Brussels, and took a poorly timed swing at craft-beer entrepreneurship in Quito even as the Ecuadorean currency collapsed . He speaks Mandarin Chinese, at the expense of his Spanish.
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