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Channel: Koichi Hamada – The Japan Times

The Trump administration’s economic potential

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The U.S. faces serious political challenges, but economically it remains on sound footing.

Fake news isn’t the only way to skew perceptions

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Biased news, which may delivered even by traditional news organizations, can be very damaging, not least for political leaders.

Education in the digital age

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The Fourth Industrial Revolution will amount to a major test for a Japanese education system focused on reciting facts and performing formulaic calculations — precisely ...

Why we need globalization

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Free trade, migration and foreign direct investment promise far-reaching potential gains for all parties involved.

How can we retain the benefits of globalization?

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Policies aimed at reaping the benefits of openness may not be politically expedient today, but would reap benefits tomorrow.

Pro-growth education for Japan

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It is time for Japan to unleash the third "arrow" of Abenomics: a long-term growth strategy underpinned by structural reforms.

Should Japan adopt daylight saving time?

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While some advocate introducing daylight savings time in Japan to save energy and extend outdoor time for workers, the economic benefits might not be worth ...

Who benefits from Trump’s trade war?

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The U.S.-China trade war may lead to broader damage, as tit-for-tat tariffs reduce overall exports, undermine total global trade flows and impede world economic ...

Has monetary easing run its course?

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Many warn that the stimulus potential is depleted, particularly in Japan, with its negative short-term interest rate.

The international economic policy game

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We need trade competition among economic agents but cooperation among governments

Does Japan’s experience vindicate MMT?

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Japan's experience doesn't prove that Modern Monetary Theory works, as some have argued. But increasing deficit-financed spending, in Japan and elsewhere, may still have merit, ...

U.S.-China spat is more than just a trade war

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US President Donald Trump's trade war with China is driven at least as much by anxiety over China's rise as by economic rationality. That kind ...

The right way to finance disaster recovery

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It's unwise to burden a battered economy with higher taxes.

Does inattention explain today’s low inflation?

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In the 1980s and 1990s, people were acutely aware of inflationary risks, whereas economic actors today may be setting their expectations based on a different ...

The financial fight against COVID-19

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Fiscal, not monetary measures, should be when disasters and epidemics strike.

Keeping up with the Fed

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Economies like Japan will have little choice but to pursue post-pandemic monetary expansion.

A more humane post-pandemic social contract

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There's reason to hope that the COVID-19 crisis will catalyze a shift toward more just societies

Epidemics, economics and externalities

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The COVID-19 pandemic and environmental threats will hopefully fuel demands for greater social solidarity.

Biden’s stimulus trade-offs

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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 ...

The U.S. and its immigration calculus

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Higher levels of immigration may help to explain why U.S. GDP growth often exceeds that of Japan.

The right economic advice for the pandemic recovery

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The challenge now is to devise a recovery strategy that recognizes the implications of today’s global economic interdependence.

What will Fumio Kishida do?

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The questions now are how Kishida will use this impressive election result and what will his leadership mean for Japan?

The power and poison of Modern Monetary Theory

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The rigid stances of MMT’s devotees and detractors have not led to productive discussions over its viability.

The old way is not the best way to make Japan productive again

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If Japanese firms opt to resume a traditional work routine — with its long hours, exhausting commutes and minimal vacations — both people and the ...

When will this inflation ever end?

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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 ...

Will Taiwan be the next Ukraine?

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It may take a Chinese invasion of Taiwan before the world finds out if the U.S. will defend the island.

A man who genuinely cared: Mourning the real Shinzo Abe

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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 ...

Barbarians at democracy’s gates

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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 ...

Should Japan have a nuclear-sharing agreement?

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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 ...

Japan’s giant of central banking

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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 ...




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