FOCUS: Japanese Far from Nobel Prize in Economics

Economy

Tokyo, Oct. 11 (Jiji Press)--Japanese experts remain bystanders for the Nobel Prize in economics, with Princeton University Prof. Nobuhiro Kiyotaki, believed to be one of the few candidates from the Asian country for the honor, failing to win the prize this year.

Winners of the 2018 economic prize were Yale University Prof. William Nordhaus and New York University Prof. Paul Romer.

The prize in economic sciences is the only one of the six Nobel Prize categories that Japanese nationals have never won, with the limited number of Japanese economists engaging in unique and original research essential for receiving the prize.

"Those who apply existing knowledge to create new areas in economics are more likely to win the prize," noted Masahiro Hori, a visiting senior fellow at the Economic and Social Research Institute of Japan's Cabinet Office.

"The lack of pioneering research" is behind Japanese researchers' failure to get the prize, according to Hori.

[Copyright The Jiji Press, Ltd.]

Jiji Press