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The Japanese Economy in 2018: On Track for a Record-Setting Growth StreakTakumori Akiyoshi

Forecaster Takumori Akiyoshi peers into his crystal ball to assess Japan’s economic outlook in the coming year.

Japan Business Sentiment Hits Three-Year High (News)

Tokyo, Aug. 3 (Jiji Press)—Japanese business sentiment rose to its highest level in over three years in July due partly to strong air conditioner demand amid high temperatures, a survey released by Teikoku Databank Ltd. Thursday showed. The business sentiment diffusion index rose 0.8 point from the previous month to 47.6, marking the highest level since March 2014 and the second straight month …

The Japanese Economy in 2017: Cause for OptimismTakumori Akiyoshi

What does this year hold in store for the Japanese economy? Takumori Akiyoshi, chief economist at Sumitomo Mitsui Asset Management, explains why government and private-sector economic forecasters believe that a long-awaited upswing is finally at hand.

Japan’s Ordinary Diet Session to Open on January 20: Abe (News)

Ise, Mie Pref., Jan. 4 (Jiji Press)—The Diet, Japan's parliament, will convene in an ordinary session on January 20, Prime Minister Abe Shinzō said Wednesday. Abe unveiled the schedule during a press conference held after his New Year's visit to Ise Jingū, a major Shinto shrine in Ise in the central prefecture of Mie. He said, "The economy will remain my top policy priority this year." "T…

Assessing Abenomics as Formerly Japan-Specific Issues Spread to Other Developed EconomiesAkinari Horii

While acknowledging the partial success of Abenomics, former Bank of Japan Assistant Governor Akinari Horii warns of the possible dangers of BOJ debt monetization. Financial uncertainty in Japan could also have wider global ramifications.

Is the Unconventional Effective?Namikawa Osamu

Three years have passed since the Bank of Japan instituted monetary easing of a “different dimension” and six months since it adopted a negative interest rate. The BOJ has yet to achieve its inflation target, raising questions about the effectiveness of its monetary policies. The author argues that a negative interest rate is disrupting the real economy and that a comprehensive review of monetary policies is needed.

Party Leaders Debate Ahead of July 2016 House of Councillors Election

Prime Minister Abe Shinzō and other Japanese party leaders took part in a debate on June 21, 2016. The Constitution, the economy, and other key issues are likely to dominate discussion during campaigning for the July 10 House of Councillors election.

Fiscal Concerns Grow as Abe Again Postpones Consumption Tax Hike

Prime Minister Abe Shinzō announced on June 1 that he would postpone raising the consumption tax from 8% to 10% until October 2019. The decision marks the second time for Abe to delay the hike, putting it a full four years later than planned. It was initially slated to take effect in October 2015 but was pushed back to April 2017 over recessionary concerns. During the press conference announcin…

Reading Between the Lines of Abenomics 2.0Hayakawa Hideo

Prime Minister Abe’s announcement of three new arrows to guide stage two of Abenomics took the nation by surprise. It signals a recognition that the first three arrows are not working, writes former BOJ Executive Director Hayakawa Hideo, and forebodes a major shift in monetary policy.

Chinese Economy Veers Off CourseKe Long

The Chinese government has intervened to devalue the yuan as concerns heighten over the slowing of the economy. The dilatory pace of serious structural reforms in the state sector is dimming the outlook for China.

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