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November 22, 2024
 

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Kenneth Rogoff
COMMENTARY / World
Oct 4, 2013
U.S.' endless budget battle
The privilege of issuing the global reserve currency lowers the interest rates that the U.S. government and Americans pay. An unforced debt default could weaken this advantage.
COMMENTARY / World
Jul 14, 2013
Gold's slumber is not the cue to stop hedging
The recent collapse of gold prices has not really changed the case for investing in it one way or the other, says a former chief economist for the IMF.
COMMENTARY / World
Jul 10, 2012
Follies of overconfident, arrogant government may be setting the stage for a cyber meltdown
When the financial crisis of 2008 hit, many shocked critics asked why markets, regulators and financial experts failed to see it coming.
COMMENTARY / World
Jun 7, 2012
The real deal on austerity and debt
Many, if not all, of the world's most pressing macroeconomic problems relate to the massive overhang of all forms of debt. In Europe, a toxic combination of public, bank and external debt in the periphery threatens to unhinge the eurozone.
COMMENTARY / World
Mar 13, 2012
Public acceptance of high salaries for athletes contrasts with low regard for finance superstars
The biggest news around Cambridge in recent weeks has been Jeremy Lin, the Harvard economics graduate who has shocked the National Basketball Association by rising overnight from "nowhere" to become a genuine star, leading a losing New York Knicks team to an unlikely string of victories.
COMMENTARY / World
Oct 6, 2011
A beloved liberal tax that is wrong for Europe
Europe is already in pickle, so why not add more vinegar?
COMMENTARY / World
Sep 6, 2011
Will the IMF stand up to eurozone officials?
As the eurozone crisis continues to deepen, the International Monetary Fund may finally be acknowledging the need to reassess its approach. New Managing Director Christine Lagarde's recent call for forced recapitalization of Europe's bankrupt banking system is a good start. European officials' incensed...
COMMENTARY / World
Aug 8, 2011
Medicine for the 'second great contraction'
Why is everyone still referring to the recent financial crisis as the "Great Recession"?
COMMENTARY / World
Jul 14, 2011
Technology and the growing income gap
Until now, the relentless march of technology and globalization has played out hugely in favor of high-skilled labor, helping to fuel record-high levels of income and wealth inequality around the world. Will the endgame be renewed class warfare, with populist governments coming to power, stretching the...
COMMENTARY / World
Jun 9, 2011
Indebted eurozone needs a dose of tough love
Europe is in constitutional crisis. No one seems to have the power to impose a sensible resolution of its peripheral countries' debt crisis. Instead of restructuring the manifestly unsustainable debt burdens of Portugal, Ireland and Greece (the PIGs), politicians and policymakers are pushing for ever-larger...
COMMENTARY / World
May 16, 2011
Beware the impact of returning to normal
At the U.S. Federal Reserve's recent and first-ever public press conference, Chairman Ben Bernanke gave a spirited defense of the Fed's much-criticized policy of mass purchases of U.S. government bonds, or "quantitative easing." But was his justification persuasive?
COMMENTARY / World
Apr 6, 2011
A cure for fiscal failure
CAMBRIDGE, Mass. — Should more countries create independent fiscal advisory councils to infuse greater objectivity into national budget debates?
COMMENTARY / World
Mar 9, 2011
Reduce global imbalances with wholesome asset diet
CAMBRIDGE, Mass. — Doctors have long known that it is not just how much you eat, but what you eat, that contributes to or diminishes your health. Likewise, economists have long noted that for countries gorging on capital inflows, there is a big difference between debt instruments and equity-like investments,...
COMMENTARY / World
Feb 10, 2011
The inequality wild card
DAVOS, Switzerland — As the dramatic events in North Africa continue to unfold, many observers outside the Arab world smugly tell themselves that it is all about corruption and political repression. But high unemployment, glaring inequality, and soaring prices for basic commodities are also a huge...
COMMENTARY / World
Jan 6, 2011
2011: Armageddon can wait
CAMBRIDGE, Mass. — Where are global currencies headed in 2011? After three years of huge, crisis-driven exchange-rate swings, it is useful to take stock both of currency values and of the exchange-rate system as a whole. And my best guess is that we will see a mix of currency wars, currency collapses,...
COMMENTARY / World
Dec 8, 2010
Euro crisis reaches midlife
CAMBRIDGE, Mass. — Now that the European Union and the International Monetary Fund have committed 67.5 billion euro to rescue Ireland's troubled banks, is the euro zone's debt crisis finally nearing a conclusion?
COMMENTARY / World
Sep 4, 2010
It's no surprise that America isn't working
CAMBRIDGE, Mass. — As the U.S. economy limps toward the second anniversary of the Lehman Brothers bankruptcy, anemic growth has left unemployment near 10 percent, with little prospect of improvement soon. Little wonder that, with midterm congressional elections coming in November, Americans are angrily...
COMMENTARY / World
Aug 12, 2010
Age of stunted expectations
CAMBRIDGE, Mass. — As the United States and European economies continue to struggle, there is rising concern that they face a Japanese-style "lost decade." Unfortunately, far too much discussion has centered on what governments can do to stimulate demand through budget deficits and monetary policy....
COMMENTARY / World
Jul 7, 2010
Can good come from BP's oil spill?
CAMBRIDGE, Mass. — Perhaps it is a pipe dream, but it is just possible that the ongoing BP oil-spill catastrophe in the Gulf of Mexico will finally catalyze support for an American environmental policy with teeth. Yes, the culprits should be punished, both to maintain citizens' belief that justice...
COMMENTARY / World
Jun 5, 2010
BP disaster's lesson for government regulators
CAMBRIDGE, Mass. — As the damaged BP oil well continues to spew millions of gallons of crude from the depths of the floor of the Gulf of Mexico, the immediate challenge is how to mitigate an ever-magnifying environmental catastrophe. One can only hope that the spill will be contained soon, and that...
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
Ruling coalition and DPP strike last-minute deal over economic policy
DPP policy chief Makoto Mahaguchi speaks at the party's policy gathering in Tokyo on Wednesday.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.
Japanese expats in Asia find community through rugby
The Taiwan Fivewoods celebrate their victory at the 2023 Asian Japanese Rugby Cup in December of last year.
In Fukushima, a weekend of prose, poetry and translation
Aomori-based writer JJ Carter presented on tabletop gaming as creative inspiration for building characters and narratives.
For Dr. Nakamats, aging is just experience in action
Though he didn't win the recent gubernatorial election in Tokyo, the 96-year-old Dr. Nakamats' run was seen as inspirational in Japan's aging society.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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