Economeister

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...

  • George Magnus: China's global financial diplomacy moves into higher but uncertain gear

    November will be a busy time for summitry in Asia. The second week of the month will see the APEC summit in China, the East Asia summit in Myanmar, and the G-20 summit in Brisbane, Australia. While these meetings will span a broad array of economic a...

  • Benn Steil: How the Fed roils emerging markets

    In April 2013, Ukraine was carrying a massive current-account deficit of 8%, and was desperate for dollars to pay for vital imports. Yet on April 10, then-President Viktor Yanukovych's government rejected terms set by the International Monetary Fund ...

  • Ranjit Goswami: Capital shortage will hobble India's manufacturing drive

    India's Mangalyaan Mars probe, which recently entered orbit around the red planet, has focused world attention on a "Make in India" campaign launched by Prime Minister Narendra Modi in August. The new push sets the goal of expanding the country's man...

  • Peter Tasker: High Noon for Haruhiko Kuroda

    "If this guy prints more money between now and the election, I dunno what y'all would do to him in Iowa, but we would treat him pretty ugly down in Texas." Such were the words of Texas Gov. and Republican presidential hopeful Rick Perry, speaking...

  • Frederic Neumann: Asia should keep cutting subsidies

    That reforms are urgently needed in Asia to keep growth humming along is not exactly a secret. And it is easy to dismiss efforts so far as feeble, at best. Leaders throughout the region have made many ambitious promises on this front, but implementat...

  • Stephen Grenville: Infrastructure spending fuels 'free lunch' debate

    The International Monetary Fund has joined a growing call from economists and international organizations for governments to step up infrastructure spending. The general case is compelling and looks set to be a point of unanimous agreement at the Nov...

  • Japan's current economic situation: An assessment

    The performance of the Japanese economy is not meeting the expectations held before the consumption tax rate was raised in April. The negative impact of the tax hike, including the temporary surge in demand before the hike and the corresponding drop ...

  • Rita McGrath: Dealing with transience in Japanese business

    One of the most popular, and I would argue, most dangerous, ideas in strategy is that the ultimate objective for a firm is to establish a competitive advantage that is sustainable over a long period of time. Not that it's a bad idea under the rig...

  • Yasuyuki Todo: Exclusive ties keep Asia's growth stuck in middle-income trap

    Low-income countries tend to demonstrate higher growth rates than rich ones. Because low-income countries have room to learn advanced technology and knowledge from developed nations, it is easier for them to produce imitation goods. Moreover, capital...