Tourism has become a priority in Japan’s economic growth strategy. The pandemic blunted that effort, but when the Kishida Cabinet lifted its restrictions on foreigners entering Japan in 2022, the for…

Given the size and composition of its external lending, China should be clearing far more interest income on its reserves and policy lending than SAFE reports.

The G7 has expressed concern over the implications of excessive yen volatility for financial and economic stability, but fell short of promising coordinated action. The graph above illustrates th…

Back when it was fashionable to talk about the end of macroeconomic volatility, it was also common to note that volatility had disappeared from the currency market. The FT’s resident financial anth…