The latest information from Japan suggests that in December 2023, its inflation fell sharply for the second consecutive month and that one might conclude the inflation episode is coming to an end. The Bank of Japan made the assumption that this supply-side inflation was temporary and would subside fairly quickly once those constraints eased. And they were right
National Politics
euronews: Iceland’s coalition government set to retain power after election
Nothing new in the state of Iceland Read here
Economics
Energy Monitor: The EU is paying the same amount for 75% less Russian gas
Over the past year, Russia has cut gas exports to the EU by 75%, violating long-standing supply contracts. Yet the EU is paying as much for Russian gas as it did before prices rose last […]
Austerity
Ann Pettifor: A triumph for George Osborne’s austerity plan? Not when our social fabric is in tatters
The ex-chancellor rejoices as his target is finally hit, but austerity has taken a terrible toll Read here
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