Maruyama Yasuyuki
  • Maruyama Yasuyuki 
  • By this author: 4 Latest posted: 2012.06.25
Senior research fellow at the Yomiuri Research Institute since 2006. Graduated from the University of Tokyo and joined the Yomiuri Shimbun as a reporter covering securities and various government ministries, eventually rising to deputy director of the Economic Department.
Europe’s Elections and Japan’s Public Finances2012.06.25

The emphatic rejection of austerity measures delivered by voters in the presidential election in France and the general election in Greece will have a complex influence on Japan, where government debt levels are more than 200% of gross domestic product and where moves had at long last begun to get the country’s public finances back in order. In Japan, the coalition government led by the Democra…

Collapse of Elpida Tarnishes Hopes for Industrial Policy Revival2012.05.02

Elpida Memory, known as Japan’s premier semiconductor business, filed for bankruptcy protection at the end of February under Japan’s Corporate Reorganization Law. Elpida is seeking to restructure its business with support from the Ministry of Economy, Trade, and Industry. This is a painful setback for Japan’s industrial policy, and the taxpayer will have to foot some of the bill because Elpida is …

Japanese Business Model No Longer Brings Results2012.03.14

Household names like Sony, Panasonic, and Sharp are among the major Japanese companies that expect to post losses for the fiscal year ending on March 31, 2012. The malaise that has overtaken Japan’s electronics giants in recent years is a vivid demonstration of an uncomfortable fact: the Japanese business model has reached a dead end. On February 1, Sony announced that Howard Stringer, its chai…

Political Stability Is the Key to the Yen’s Future2012.02.06

It looks as if 2012 will be a watershed year for the yen. Since the current financial crisis emerged in Europe and America in August 2007, the yen has appreciated against virtually every other major international currency. It is up by more than 50% from its pre-crisis rate of about ¥120 to the dollar and by more than 60% from the pre-crisis rate of around ¥165 to the euro. According to the outlo…

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