TOKYO – China gave global investors one of 2026’s biggest AI thrills. Yet the country that helped ignite excitement about artificial intelligence is home to […]
Author: William Pesek
Bond markets aren’t buying the inflation-is-tamed fairy tale
TOKYO — Anyone betting that inflation risks are fading should look at the US Treasury market. The sharp selloff in Treasury Inflation-Protected Securities (TIPS) suggests […]
Bond vigilantes on a savage hunt as global yields run wild
TOKYO — The bond vigilantes are back — and now they’re patrolling every major debt market at once. As deficits balloon, spending runs unchecked and […]
China neutralizes yuan tensions ahead of Trump-Xi talks
TOKYO – If US President Donald Trump plans to make a big issue of the yuan on Thursday, Xi Jinping’s team just complicated things for […]
Bank of Japan rate hike exposes cracks in Bessent’s facade
TOKYO – Two words sprang to mind when the Bank of Japan lifted its policy rate to a 31-year high of 1.25% on Friday: Scott […]
Slowdown, climbdown or meltdown, Asia sits on AI’s fault line
TOKYO – After two years of near-vertical capital spending, euphoric earnings calls, and GPU shortages that became their own economic indicator, the mood toward AI […]
Bessent’s big talk runs into bigger market realities
Scott Bessent may have imagined a triumphant return to hedge fund row after his stint as US Treasury secretary. Right now, that homecoming looks like […]
Asia’s Strait of Hormuz oil cushion is running out
Asia’s long resilience to turmoil in the Strait of Hormuz is wearing thin. After months of burning through reserves and shielding consumers from the worst […]
The AI boom just blew a hole in Trump’s trade war
NEW YORK – America’s trade deficit just widened to US$88.6 billion, its largest since March 2025 — and the political reflex in Washington is almost […]