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主な各カテゴリーの最近の掲載分から、日本語の概要を追加しています。原典のタイトルは原語のまま掲載し、未翻訳の概要は英語で表示します。
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英語の概要です。日本語版は順次追加しています。
Chilean equities reached new highs while foreign investors reduced their ownership and pension funds avoided rebuilding domestic equity exposure. Households have absorbed most of the equity supply since 2023. This changing investor base may lessen dependence on foreign flows while making the market more sensitive to domestic liquidity and confidence.
論文を読むどのような資本流入が、新興国のデジタル輸出と結びついているのか。ジョナサン・フォルトゥンとマルセロ・エステバンは、2008～2024年のデータから、国際資本フローの構成とICT関連の財・サービス輸出の関係を分析する。直接投資のうち出資による流入は、特に2017年以降、デジタル輸出の拡大と強く関連する一方、証券投資との関係はそれほど体系的ではない。示されているのはデータ上の関連であり、それだけで因果関係が確定するわけではない。流入額の大きさに加え、どの形態で資本が入るかに注目する研究である。
論文を読む英語の概要です。日本語版は順次追加しています。
Emerging market portfolio inflows slowed to $21.7 billion in February after an exceptionally strong January. Debt attracted $14.3 billion and equities $7.4 billion. The March tracker interprets this moderation as a return toward normal conditions after unusually large early inflows, with investors becoming more selective rather than broadly retreating from emerging markets.
論文を読む英語の概要です。日本語版は順次追加しています。
Japan faces an energy shock concentrated in its reliance on Middle Eastern supply routes. A 20 percent increase in Brent would raise its fuel bill by roughly half a percentage point of GDP and lift headline inflation by around 0.6 percentage points under baseline assumptions. Yen weakness and sharper gas prices could amplify the shock, narrowing room for fiscal support and monetary normalization.
論文を読む英語の概要です。日本語版は順次追加しています。
Quiet capital flow data can coexist with mounting pressure for dollars. Where financial intermediation is fragmented, adjustment may appear in prices and liquidity buffers instead. Stablecoins add channels through which that pressure can be absorbed without replacing capital flows themselves. Diagnosing emerging market stress therefore requires examining payment infrastructure alongside conventional balance of payments measures.
論文を読む英語の概要です。日本語版は順次追加しています。
Japan’s fiscal constraint becomes clearer when public assets and liabilities are considered together. Extensive public ownership of debt shifts attention from a sudden funding shock to valuation changes across the consolidated balance sheet. Slow refinancing provides a cushion, but that protection narrows if effective borrowing costs overtake growth or pension and foreign assets lose value.
論文を読む英語の概要です。日本語版は順次追加しています。
A stable US unemployment rate masks a thinner margin for employment growth. Slower labor force expansion has reduced the hiring needed to keep unemployment steady, while broader measures reveal more slack. Jobs are increasingly concentrated in health and education, leaving goods production and tradable sectors with little momentum and weakening the foundations for sustained income gains.
論文を読む英語の概要です。日本語版は順次追加しています。
Takaichi’s electoral landslide strengthens the ability to implement policy without removing Japan’s economic constraints. Stalled fiscal consolidation, weak domestic monetary transmission and trade frictions in autos limit the available options. Government bond yields and the yen increasingly reflect those fiscal and policy limits, making interest rate differentials alone an incomplete guide to market behavior.
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