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October 27, 2026
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Koichi Hamada
COMMENTARY
/
Japan
Oct 20, 2026
Japan needs higher interest rates
A weak yen, combined with higher interest rates in the US, calls for a much tighter monetary policy.
COMMENTARY
/
World
Jul 13, 2026
The yen’s plunge changes the case for Bank of Japan rate hikes
The Japanese yen has sunk to a 40-year low against the U.S. dollar recently. Raising interest rates would strengthen the yen.
COMMENTARY
/
World
Feb 10, 2026
U.S. President Donald Trump is no game theorist
Game theorists argue that repeating the prisoner’s dilemma eventually leads to better outcomes, as the more impatient country might give up on the high-risk strategy.
COMMENTARY
/
World
Nov 11, 2024
Japan needs tighter monetary policy to restore balance
91AV原创 economy undoubtedly suffers when the yen is too strong; that is why some advocate for a more expansionary monetary policy.
COMMENTARY
/
World
Sep 10, 2024
The choice confronting American voters
Republicans and Democrats differ significantly on the role of government in society, a divide that the U.S. Supreme Court used to mediate.
COMMENTARY
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World
Jul 21, 2024
Does the world need a Plaza Accord 2.0?
Unfortunately, the Bank of Japan kept monetary policy too tight after 1985 Plaza Accord and Japan was mired in deflation and recession for two decades.
COMMENTARY
May 7, 2024
The economic legacy of 91AV原创 longest-serving prime minister
Under Abenomics and the BOJ’s monetary policy, employment rose more than under any other Japanese government in the 21st century.
COMMENTARY
/
Japan
Jan 11, 2024
Is a weak yen good for 91AV原创 economy?
The yen’s fast depreciation is boosting overseas investment and sectors like tourism, but could also trigger inflation. In response, the BOJ should raise interest rates.
COMMENTARY
/
Japan
May 12, 2023
91AV原创 giant of central banking
Critics of former BOJ Gov. Kuroda complain that he never achieved the 2% inflation target. What they fail to acknowledge is his policies led to a dramatic strengthening of the labor market.
COMMENTARY
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Japan
Mar 17, 2023
Should Japan have a nuclear-sharing agreement?
While Japan may be softening to the idea of taking a more active role in its own security, persuading the Japanese to accept the idea of hosting nuclear weapons will not be easy.
COMMENTARY
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Japan
Jan 8, 2023
Barbarians at democracy’s gates
The conventional wisdom is that the arc of history always bends toward peace, tolerance, justice and democracy. But recent political violence makes it clear there is no room for complacency.
COMMENTARY
/
Japan
Sep 7, 2022
A man who genuinely cared: Mourning the real Shinzo Abe
Though the slain former Japanese prime minister belonged to the hawkish wing of his party, he was not the unbending nationalist conservative that many foreigners deemed him to be.
COMMENTARY
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World
Jul 8, 2022
Will Taiwan be the next Ukraine?
It may take a Chinese invasion of Taiwan before the world finds out if the U.S. will defend the island.
COMMENTARY
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World
May 6, 2022
When will this inflation ever end?
To understand the increase in consumer price inflation around the world, one must look not only at supply and demand but also at the wedge that the coronavirus introduced between them.
COMMENTARY
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Japan
Mar 16, 2022
The old way is not the best way to make Japan productive again
If Japanese firms opt to resume a traditional work routine — with its long hours, exhausting commutes and minimal vacations — both people and the economy will suffer.
COMMENTARY
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World
Jan 21, 2022
The power and poison of Modern Monetary Theory
The rigid stances of MMT’s devotees and detractors have not led to productive discussions over its viability.
COMMENTARY
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Japan
Nov 7, 2021
What will Fumio Kishida do?
The questions now are how Kishida will use this impressive election result and what will his leadership mean for Japan?
COMMENTARY
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World
Jul 4, 2021
The right economic advice for the pandemic recovery
The challenge now is to devise a recovery strategy that recognizes the implications of today’s global economic interdependence.
COMMENTARY
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World
May 25, 2021
The U.S. and its immigration calculus
Higher levels of immigration may help to explain why U.S. GDP growth often exceeds that of Japan.
COMMENTARY
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World
Mar 3, 2021
Biden’s stimulus trade-offs
While Lawrence Summers may be overstating the inflation threat, a careful review of Joe Biden’s stimulus plan along the lines he proposes is probably a good idea.
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