Accept Spending Cuts
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How Belgium’s Socialists want to plug the EU’s spending gaps
Also in this newsletter: why immigration is reopening old Brexit wounds in IrelandFinancial Times - World -
U.S.-Japanese Rate Differential Is Too Large for Yen to Escape Hit
The interest-rate differential between the U.S. and Japan is too large to overcome to ease pressure on the yen, SEI said.The Wall Street Journal - World -
Japan used $59bn to prop up the yen but consumers may still cut back
Government interventions this week fail to ease concerns about plunging currencyFinancial Times - Business - Japan -
Fed and ECB divergence on rate cuts could spell trouble for the euro, economist says
The prospect of the ECB diverging from the Fed on rate cuts is likely to be "particularly negative" for the euro area, according to one economist.CNBC - Business - Federal Reserve -
German 10-Year Bund Yields Seen Finding New Range Above 2.5%
German Bunds seem to be establishing a new range above the 2.5% yield level in the 10-year maturity, with moves higher in yields offering entry opportunities to investors, Commerzbank Research said.The Wall Street Journal - World - Germany