Artículos

summaries of some articles in the current world economy

Wall Street Journal

Updated March 21, 2013, 8:02 p.m. ET

The mission (almost) impossible to Bank of Japan

For PHRED DVORAK y ELEANOR WARNOCK

The new governor of the Bank of Japan, HaruhikoKuroda, you must reverse the fall in prices to raise wages and profits in the third largest economy in the world, almost impossible task as the former governor of the Bank. Much is at stake, both for Japan and for the world economy.

So far, the expectations of a liquidity injection from the Bank of Japan have had an impact on the markets. The yen has weakened 18% and the shares have risen over 40% since mid-November.

One risk is that inflation, mainly through a rise in import costs could raise prices of commodities and consumer goods rise long before profits and wages. That would hamper economic growth rather than promote it.

Updated April 4, 2013, 8:12 p.m. ET

Multinationals feel pressure from China

For LAURIE BURKITT y PAUL MOZUR

The recent problems of customer service from Apple Inc., Volkswagen AG and maintenance of quality of Yum brandas Inc. and McDonald's who have suffered in China pose a growing risk to global companies, as their dependence Chinese economy makes them vulnerable.

Updated April 9, 2013, 9:34 a.m. ET

Thatcher's economic legacy is still a matter of debate

Good or bad: Thatcher made ​​budget cuts and reformed union rules. Inflation reduced to a minimum by increasing interest rates and try to control the money supply growth, a philosophy known as "monetarism" fiscal austerity. Very restricted monetary policy, made ​​the British pound shot. That deeply hurt British manufacturing. To make matters worse, the high cost of credit to businesses hit. The economy fell into a recession in 1980 and 1981. Companies in distress off workers. Unemployment rose.

Updated April 10, 2013, 4:52 p.m. ET

The rapid fall of the yen threatens Japan

For AARON BACK

A one hundred dollar yen is no panacea for the problems of Japón.La quickly the yen has depreciated since Prime Minister Shinzo Abe started implementing the monetary and fiscal stimulus has been impressive.

With the depreciation of the currency, the profitability of Japanese manufacturers should increase, since the income from abroad are converted into yen. The great hope is that a cheaper yen to help Japanese exporters to be more competitive, especially against regional rivals South Korea and Taiwan.

The depreciation of the yen only partially compensates fundamental structural problems.

Updated April 10, 2013, 7:26 p.m. ET

The food crisis becomes an election issue in Venezuela

For SARA SCHAEFER MUÑOZ

The country depends on oil revenues to buy abroad 70% of the food consumed, generating fears among economists and agricultural experts that if oil prices fall, the country will face a severe food shortage. "There is a high level of insecurity," said Rodrigo Agudo. "If the national government does not change its policy and actually decides to support in real domestic production, it is almost impossible to avoid a food crisis."

Updated April 10, 2013, 7:39 p.m. ET

The Bank of Japan, met before the fall of the yen

For TATSUO ITO y TAKASHI NAKAMICHI

The president of the Bank of Japan, said he believes that the depreciation of the yen is part of a continuous correction after an excessive strengthening downplayed fears that the stimulus policies of the central bank cause capital flight from Japan.

While George Soros has expressed concern that radical measures the Bank of Japan could lead to a free fall of the yen, which could trigger a flight of capital from investors to international markets nervous.

Updated April 11, 2013, 4:40 p.m. ET

S & P would lower the rating of Argentina to an adverse ruling

For SHANE ROMIG

Argentina's credit rating will be lowered if a U.S. court rules against the country in a legal battle with creditors who did not accept the debt restructuring, said Standard & Poor's Ratings Services.

However, "the outlook remains negative, reflecting the possible implications of an adverse decision, including third parties, financial intermediaries and, therefore, affect Argentina's ability to meet its debt swap. Under that scenario , rebajaríamos the rating to 'CCC' "said S & P.

Updated April 11, 2013, 4:19 p.m. ET

Chile to issue U.S. $ 5,000 million in local bonds

For CAROLINA PICA

The Chilean government issued U.S. $ 5,000 million in local bonds this year, avoiding international issues in order to protect the national currency appreciated because of additional upward pressure.

The government will issue bonds to 10, 20 and 30 peso-denominated bonds in addition to 10, 20 and 30 UF denominated in a currency linked to local inflation.

Updated April 11, 2013, 1:32 p.m. ET

Large uncertainties Cyprus Rescue

For RICHARD BARLEY

The rescue of Cyprus is subject to large uncertainties. Arguably the analysis of debt sustainability as this is about politics rather than economics. Cyprus and the eurozone will be before more damaging uncertainty as they try to figure out who will pay the ransom to cover it.

Juliana Mercedes Arboleda Mendoza