The Japanese yen fell overnight to its lowest level against the dollar since April 2009 as investors continued to respond to policymakers’ aggressive efforts to stimulate the Asian nation's moribund economy. The yen has been weakening since late 2012 as Prime Minister Shinzo Abe campaigned on a platform to boost economic growth via massive fiscal and monetary stimulus. The trend continued after his election victory and accelerated in recent weeks after newly appointed Bank of Japan Governor Haruhiko Kuroda announced plans to double the BOJ’s monetary base by the end of 2014
Rachel Sanderson talks to Milan's business leaders
Shortly after the election, a deal between the Republicans and Democrats looked entirely possible, but as the FT's Stephanie Kirchgaessner reports, only a few weeks later things are looking very different. Anti-tax activist Grover Norquist thinks US president Barack Obama is pushing the country over the cliff on purpose.
German chipmaker Infineon is a useful bellwether for the plight of Europe's economy. Lex's Vincent Boland and Nikki Tait analyse the dismal short-term outlook that the company indicates for industrial markets globally, and when these may improve. Related Articles: http://www.ft.com/intl/cms/s/3/beb08aaa-2e6c-11e2-8bb3-00144feabdc0.html http://www.ft.com/intl/cms/s/0/23d33f8a-2e6e-11e2-8bb3-00144feabdc0.html For more video content from the Financial Times visit http://www.FT.com/video
As the world's most populous nation unveils its new leadership, China's political masters now face the unenviable task of addressing a slowing economy, rampant corruption, environmental pollution and deteriorating relations with some of its neighbours. The FT's Beijing correspondents outline some of the challenges faced by China's new generation of political leaders. Related Article: http://www.ft.com/intl/cms/s/0/8de22556-2eca-11e2-8bb3-00144feabdc0.html For more on the China Leadership Transition visit http://www.ft.com/intl/indepth/china-leadership-transition http://www.FT.com/video
Geoff Dyer, the FT's US diplomatic correspondent, explains that as the scandals surrounding former CIA director David Petraeus and US Afghanistan commander General John Allen continue to widen, questions about the incidents are also growing. Related Articles: http://www.ft.com/cms/s/0/d1acbc34-2d93-11e2-9b88-00144feabdc0.html http://www.ft.com/cms/s/0/6db3b9c4-2dbd-11e2-9988-00144feabdc0.html For more video content from the Financial Times visit http://www.FT.com/video
Greece's government this week approved the austerity package needed to unlock vital aid from the IMF and EU amid violent protests in Athens. But the governing coalition looks fragile and it still has to vote on the 2013 budget before Greece's lenders will release more bailout funding.
While Obama lost ground among white male voters, his 2012 victory was the product of perhaps the most diverse electoral coalition in American history, leaving the Republican party with some serious questions about its future. The FT's Christopher Booker speaks with voters about how they interpret the president's re-election and what it says about the future of American politics
Follow The Daily Ticker on Facebook! Earlier this week, Apple got a bunch of new patents approved, including one covering the "design" of the original iPad. What does this "design" patent cover
Follow The Daily Ticker on Facebook! One of the issues most central to the downturn will continue to sit squarely on the Obama administration's plate for the next four years -- housing. While many have heralded the bottoming of the market and the start of a recovery with recent data, the pace and reach of the recovery remains largely in question. Neither candidate really indulged us with the depth of details about how they plan to assure the budding housing recovery takes hold (and another crisis doesn't) that we might have liked.