Japanese investors traditionally tend to concentrate their bond investment in the United States and Europe, with a limited amount allocated to Asia (Chart 9). Outward bond investment has recently turned from a net acquisition to a substantial net disposal, and a similar pattern has been observed in the case of outward stock investment, albeit to a lesser extent.
The second example is of Augustus Hawkins, a Black Congressman who in the 1970s was a key architect of the statute enshrining the words “full employment” in the Federal Reserve’s mandate along with price stability. He knew that only with maximum employment would there be true opportunity for workers of all races, ethnicities, and genders.