- Japan economy faces big structural problems after 20 years of recession, i.e. decreasing population, ageing society, slow investment and low productivity.
- Abenomics = PM Abe's plan for sorting out the economy, and has "Three Arrows":  Fiscal stimulus,  Monetary easing and  Structural reforms (i.e. addressing government debt).
-  and  have been fired with mixed results - now  needs to happen big-time if Japan wants to avoid either fiscal collapse or a drop in living standards over the next few decades.
- Swing to the right - conservative opposition Law and Justice party wins big victory.
- First time since 1989 (when democracy was restored) that there's no left-wing party in parliament, and that a single party has won enough seats to govern alone.
- Expect Poland to become a more socially conservative country, mildly Eurosceptic and more inward-looking.
- Widespread protests against proposed higher tuition fees - President Zuma capitulates and agrees to a cap of fee increases.
- Protests seen as barometer of broad dissatisfaction with post-Apartheid government's apparent failure to address economic inequalities.
- Economic backdrop unsupportive: Growth still weak, unemployment high, fiscal deficit widening.
- Depresses global commodity prices (i.e. China is a huge consumer of global commodities).
- Which results in big swings of emerging market currencies (i.e. countries which export to China).
- Which in turn makes it more difficult for the US Fed to raise interest rates (as it might provoke unwanted volatility in global markets, as investors leave emerging markets to seek higher and more stable returns in the US).
- Populist Argentine political movement based on the legacy of former President Juan Domingo Perón and his 2nd wife Eva.
- Still dominates politics in Argentina today, traditionally drawing its support from the working class and unions.
- Half of candidates in first round of 2015 Presidential poll (25 Oct) were Peronists.
- Growth weak 2015 and expected just slightly better 2016, despite benefits of cheap energy prices and weak euro.
- Rigid labour market is the main problem.
- Results in high structural unemployment, forces entrepreneurs to move to London, and keeps the country uncompetitive.
- Estimates of total (Gaza + West Bank + diaspora):
- Sunni 85%, Shia 7%, Christian 6%, Druze 1%, other 1%.
- Gaza is significantly more homogenous than the West Bank.
- In very crude terms, when an economy slows, a central bank can try boost growth by lowering interest rates or by Quantitative Easing (QE), injecting cash (liquidity) into the economy (by buying bonds from the marketplace).
- With interest rates super-low (and some even -ve), the ECB launched a massive QE programme in Jan '15, which involved buying EUR1.1tn of bonds from the marketplace, which is the same as a EUR1.1tn cash injection into the economy.
- But China slowdown and uncertainty in emerging markets have created new growth concerns, so ECB considering expanding the QE program (next meeting in early December).
- Process by which the monetary authority (Central Bank) of a country or currency area, controls the supply of money.
- The Central Bank usually targets an inflation rate or interest rate to maintain price stability and ensure trust in its currency.
- Expansionary monetary policy is a recession-fighting tool, usually meaning increasing money supply faster than usual, typically by lowering interest rates.
- Central bank for the euro.
- Administers monetary policy of the Eurozone.
- Primary objective is to maintain price stability within the Eurozone (i.e. prevent inflation and deflation).