From the Board Room

Latest Articles

2022.05.16

A paradigm shift accelerates

“A paradigm shift in the economy and society may be in the offing,” so wrote I in this column a year ago. The war in Ukraine now appears to be accelerating the paradigm shift. First of all, the corona pandemi…

2021.05.10

Inflation: Anxiety or Hope?

Inflation has begun to loom large in US financial markets against the background of stepped-up fiscal spending of the US government. In early 2021 a fiscal spending worth 9 percent of GDP was decided to be appl…

2020.12.28

Japan in TPP and RCEP

Questions: How will Japan balance its commitments to the Trans-Pacific Partnership (TPP) and RCEP, with the US and China respectively? Additionally, both Japan and Australia are enthusiastic about RCEP despit…

2020.12.15

Beyond the Pandemic of 2020

2020 will be remembered in history as the year of COVID-19, which began to overshadow the globe earlier that year. By late 2020 the pandemic has had a few notable influences over the economy. First of all, th…

2019.10.31

The US dollar supremacy

The reality of the global currency market The global currency market has hardly changed in terms of currency distribution since the mid-1980s, when I was an economist at the BIS and published a BIS Economic Pa…

2018.01.19

Rising Japan inflation: a possible shock

The world economic and financial scene appears too good to be true. Growth has strengthened. Inflation is subdued. Financial markets demonstrate rich valuations and low volatility. Extraordinary monetary easing…