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March 18, 2024

Japan
The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

The Bank of Japan (BoJ) is widely expected to end yield curve control. But Japanese yields will remain low, and foreign bonds will remain attractive to those Japanese investors who don’t have to hedg…

The Japanese Bid for Foreign Bonds After the End of Yield Curve Control

November 21, 2023

China
China's Current Account Surplus Is Likely Much Bigger Than Reported

The IMF needs to focus on China’s external account in its surveillance. The reported current account surplus appears to be significantly too low.

China's Current Account Surplus Is Likely Much Bigger Than Reported

August 22, 2023

Kenya
Kenya’s Governance Dilemma

With no clear end in sight for Kenya’s cost of living crisis, the Ruto administration will struggle to promote calm while managing expectations.

Red and white flowers lay before a vigil of photos showing Kenyans who had been killed in recent protests in July 2023 in Nairobi, Kenya.

January 16, 2023

Japan
The Disappearing Japanese Bid for Global Bonds

The rise in Japanese holdings of foreign bonds had an enormous impact on global markets between 2011 and 2020. The markets will now have to adapt to a sustained reduction in Japanese demand.

The Disappearing Japanese Bid for Global Bonds

January 9, 2023

Elections and Voting
The 118th Congress by the Numbers

A new Congress brings new faces to Washington, DC.

Minority Leader Hakeem Jeffries passes the gavel to Kevin McCarthy after McCarthy was elected Speaker of the House on January 7, 2023.

November 10, 2021

U.S. Foreign Policy
TWE Book and Film Recommendations

Looking for something to read or watch? Here is a list of all the books and films recommended on The Water’s Edge.

https://www.cfr.org/blog/twe-book-and-film-recommendations