In a series of votes last week, Britain’s House of Commons decided to reject (again) Prime Minister Theresa May’s Brexit agreement with the European Union (EU); to rule out a no-deal Brexit; to delay the exit process; and to set aside, for now, calls for a second referendum. As you can see, the list of things Britain doesn’t want is ...

To many, the handling of the Brexit saga by the British government has appeared chaotic and inconsistent, leading some to predict the demise of Prime Minister Theresa May’s leadership and the risk of the UK stumbling into a disorderly Brexit. That is certainly a possibility. Yet game theory suggests that, with external constraints starting to bind a lot more, the ...

Exports have gone from a plus for Asia to a real drag. Almost daily, trade data from somewhere show a deterioration. Monday was Japan’s turn. Shipments dropped 1.2 percent in February from a year earlier, the third consecutive slide and twice the dip envisaged by economists. Many people view Japan’s challenges as unique and the country as in a long-term ...