Koichi Hamada, Special Economic Adviser to Japanese Prime Minister Shinzo Abe, is Professor of Economics at Yale University and Professor Emeritus of Economics at the University of Tokyo.
As the COVID-19 pandemic drives the global economy into recession, the temptation to pursue aggressive monetary easing is growing. Already, the US Federal Reserve has pushed interest rate...
The world has lost a great warrior for price stability. Paul Volcker led a determined campaign to restrain double-digit inflation as the US Federal Reserve’s chair in the 1980s, and exert...
In mid-October, as Japan was being battered by Typhoon Hagibis – the most powerful typhoon to hit the country in over six decades – it was also shaken by a magnitude 5.7 earthquake. As cl...
The once-obscure school of macroeconomic thought known as Modern Monetary Theory has been attracting a lot of attention lately. Some US progressives, such as Representative Alexandria Oca...
All human interaction is characterized by a mixture of competition and cooperation, and that extends to international trade and monetary policy. Which approach is preferable depends on th...
After years of unprecedentedly easy monetary policy in the world's advanced economies, many are warning that the stimulus potential is depleted, particularly in Japan, with its negative s...
After this summer’s intense heat waves, which left at least 110 people dead, some in Japan have become concerned about athletes’ safety during the 2020 Summer Olympic Games, which will be...
Tokyo is in the midst of a construction boom, with old high-rise office and apartment buildings being rebuilt in more modern and elegant forms, all while maintaining stringent environment...
The world economy is struggling. The single currency is fettering, not freeing, the eurozone; Japan is smarting from the slowdown of America’s normalization of monetary policy; and emergi...
In a bold attempt to reflate the Japanese economy, the Bank of Japan has now pushed interest rates on deposits into negative territory. Though this policy is not new – it is already being...
