FED concludes its regularly scheduled policy meeting today. Announcement is expected in a little over two hours from now. No major changes are expected, but language will be the focus. I strongly suggest not watching CNBC for some time after the statement so as not to get completely confused by people looking for hidden meanings in the [...]

Finally, after a long period at looking the other way, rating companies are critical of Japan. More precisely the level of public debt in that country. Greece had its credit rating lowered recently, and other countries, like UK, received warnings over their budgetary practices. Yet the two biggest debtors, among industrialized nations, USA and Japan, [...]

This week is a busy one for central banks. Tomorrow Bank of Japan has its regularly scheduled policy setting meeting. While nobody expects major changes to be announced, Yen could get lively. On Wednesday FED will get all the attention. Once again, no major policy shift should happen, but language of the statement will be [...]