Economeister

An airplane flies past the Canton Tower during a hazy day in Guangzhou, Guangdong Province, on Jan. 21. © Reuters

Giri Jadeja

Green lending -- a new growth model for Asia and beyond

China is no stranger to the perils of rapid economic development. According to research by the World Bank and the Chinese State Council's Development Research Center, health problems caused by air pollution cost China as much as $300 billion a ye...

  • Peter Tasker

    Lessons for Asia from a Greek tragedy

    Greece is the cradle of both democracy and European civilization. So it is fitting that the election in Athens on Jan. 25 should have profound implications for the future of the euro, the European Union and potentially, the global financial system. F...

  • Glenn Hubbard

    Abenomics needs to press on

    The three arrows of Abenomics -- fiscal policy, monetary policy and structural reform -- continue to present a road map for Japan to end deflation, balance fiscal consolidation and growth, and raise medium- and long-run prospects for the economy. But...

  • JUN SAITO

    Japan's new era of negative household savings rate

    The Cabinet Office released its 2015 Annual Report on the System of National Accounts on Dec. 25. One of the striking facts revealed in the report, which made available SNA figures on flow series up to 2013, was that the savings rate of Japanese hous...

  • Akio Shibata

    Minibubbles still possible despite tumbling oil prices

    Crude oil prices have nosedived on the back of increased shale oil production in the U.S., a slowing Chinese economy and improving fuel economy for automobiles. Shorter-term factors contributing to the slide are OPEC's decision not to trim production...

  • Frederic Neumann

    Make or break for Asia in 2015

    It all looks calm on the surface. Asia appears poised for yet another year of relatively smooth sailing, if not quite at the speed to which the region has become accustomed. The plunge in oil prices is a useful tailwind for energy-hungry economies. O...

  • David Weinstein

    Weak yen is Japan's best bet for growth

    This is a tough time to be a proponent of tax increases in Japan. In 1997, after a very successful fiscal stimulus, Japan raised taxes, and the economy was thrown into a major recession. In April 2014, Japan raised taxes again and converted a weak re...

  • Peter Tasker

    The oil factor: apocalypse postponed

    Whatever happened to peak oil? As recently as May 2014, Dr. Jeremy Leggett, former adviser to the U.K. government and co-arranger of the high-level Trans-Atlantic Dialogue on Energy Security, was warning that dependence on "increasingly expensive fos...

  • Kazumasa Iwata

    Japan needs intensive reforms, innovation to stay on top

    The Council on Economic and Fiscal Policy's Committee for Japan's Future, on whose growth and development working group I served as chairperson, released a report on Nov. 14 on what needs to be done for Japan to achieve economic growth in the next 50...

  • Makoto Saito

    Abenomics gets economic diagnosis all wrong

    Japan often talks about "15 years of deflation." Prime Minister Shinzo Abe often cites this as the main challenge his government is fighting with its economic policies, known as Abenomics. This belief in deflation has made a strong impression on the ...

  • Frederic Neumann

    Asia does not have a dollar problem

    It is finally happening. After a few false starts in recent years, the greenback is embarking on a relentless climb. This is bound to rattle markets. Major swings in exchange rates force investors to reassess their positions, not just tactically ...

  • Jun Saito

    What should the target be?: Oil prices and monetary policy

    The Bank of Japan announced on Oct. 31 that it will expand its monetary easing. Because the recent macroeconomic performance of the Japanese economy had been weaker than expected, the move can be praised as positive action on the part of the BOJ to a...

  • George Magnus

    Japan must re-focus on its own companies

    Campaigning for Japan's snap election will begin this week. Prime Minister Shinzo Abe's decision to seek a new mandate from voters, whatever the reasoning, does at least give his reformed government a welcome opportunity to recalibrate the focus of A...

  • Kasit Piromya

    Asian nations wary of China's new infrastructure bank

    The Asia-Pacific region needs about $8 trillion for infrastructure development and modernization over the next decade or so, according to the Asian Development Bank. Among the projects the ADB says are needed is an east-west Asian Highway that the U....

  • William H. Overholt

    Abenomics has turned into a gamble; 'third arrow' urgently needed

    Japan's negative economic growth during 2014's third quarter does not yet doom Abenomics, but it does signify deep trouble. Abenomics is a multiple-level bet. It is a bet that monetary and fiscal stimulus -- Prime Minister Shinzo Abe's first ...

  • Stephen Grenville

    China growth not reverting to global mean

    Larry Summers, the former U.S. treasury secretary, and fellow economist Lant Pritchett have joined an increasingly heated debate on China's growth prospects. They are clearly on the side of the pessimists. Their work gives no support for simple e...

  • Julian Vella: How to fund world's $78 trillion infrastructure bill

    A push to boost infrastructure spending to fuel economic growth and job creation has been a central theme among a group of rich and developing nations. Under Australia's current G-20 presidency, infrastructure spending is high on the agenda for discu...

  • Ritesh Kumar Singh and Prerna Sharma: India's agricultural policy is not sustainable

    In July, India single-handedly blocked a multilateral trade deal aimed at smoothing border and customs procedures, and which could easily have added $1 trillion to world trade. The newly elected government of Prime Minister Narendra Modi refused to r...

  • Net lending by the corporate sector: Japan's case

    At a time of disappointing growth in the global economy, pursuing ways to encourage private demand is an important item on the agenda. In that context, special attention should be given to the growth in net lending by the corporate sector (non-financ...

  • Frederic Neumann: Don't sweat the Fed, here comes the BOJ

    Asian investors have been a jittery bunch of late. The region's economies, after all, have been fueled by an unprecedented credit boom over recent years. Record low interest rates in the West prompted capital to pour into emerging Asia, driving inves...