Feb 14, 2025
Emma:John, let me start with a broad question that’s been on my mind lately: How do you think Japan’s demographic trajectory—particularly this consistent downward trend in population—fits into the broader narrative of global economic shifts? We talk often about Japan...
Jul 14, 2021
We have made a note on inflation five years ago. We think it is time to update the data and charts and check how they look like. For the recent inflation debate, we use the data reported by Bureau of Labor Statistics and share our impressions. First, on the...
Sep 2, 2016
Why do we, the investment professionals, ask what causes inflation and need to get equipped with an accurate idea of the long-term trend of inflation? As the decline in the cost of capital has had a strong influence on the discount rate for future excess return, the...
Feb 27, 2016
Krugman provided his proposal on the problem of Japan economy back in 1998, which centered on the liquidity trap and inflation expectation. It recommended using monetary policy aggressively to boost inflation expectation to get it out of the liquidity trap (where the...
