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November 22, 2024
 

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Michael Spence
While short-term disruptions like inflation are easing, the European Union faces long-term challenges including rising security risks, a widening productivity gap with the U.S. and an innovation deficit.
COMMENTARY / World
Sep 15, 2024
Europe needs a new economic vision
The global economic shocks of the past few years have left Europe particularly vulnerable.
Bill Gates delivers a speech at the Global Solutions Summit in Berlin in May. He and his ex-wife Melinda Gates started the Bill & Melinda Gates Foundation, which has had a far-reaching impact on global health and sustainability.
COMMENTARY / World
Jul 5, 2024
The economics of philanthropy
Philanthropy can help bridge the gap between the haves and have-nots. But wealthy people need more of an incentive to give than just being altruistic.
Indian Prime Minister Narendra Modi prepares to address a joint session of parliament in New Delhi in June 2019.
COMMENTARY / World
Mar 27, 2024
Making sense of society
In a world that is becoming fragmented within and across countries, it is easy to lose hope for social and economic progress.
While broad-based action at the COP28 summit is critical, the fact is that just a few key actors such as the U.S., China and India have the power to bring about a radical reduction in global emissions.
COMMENTARY / World
Dec 6, 2023
COP28 can deliver progress on climate change, but will it?
Committed global climate action at every level of government, the economy, and society is needed to tackle such a complex, multifaceted challenge.
Artificial intelligence may well enable the automation of many tasks and the replacement of some workers. But AI tools are still fallible and are unlikely to replace humans any time soon.
COMMENTARY / World
Aug 30, 2023
AI and the productivity imperative
The global economic outlook for the next decade appears grim. But a surge in productivity — fueled by artificial intelligence — could change that picture.
Japan Times
COMMENTARY / World
Jul 6, 2023
The governance threat to global economic prosperity
The past few years have been characterized by growing political instability, which increases the risk of abrupt policy reversals that could dampen investment and undermine global economic growth.
Japan Times
COMMENTARY / World
Apr 9, 2023
The U.S. and China's destructive decoupling
U.S. and Chinese leaders seem to have fully accepted the logic of economic decoupling. But what exactly will decoupling entail and what will its consequences be?
Japan Times
COMMENTARY / World
Jan 2, 2023
Is a 1.5 degree Celsius climate objective just a pipe dream?
Continuing to tout the unrealistic 1.5 C global warming goal is unrealistic; but setting a more feasible target raises risks of its own.
Japan Times
COMMENTARY / World
Nov 28, 2022
Done with deglobalization?
The global economy's dire and deteriorating prospects, together with the scale of the climate challenge, have opened world leaders' eyes to the risks that deglobalization poses.
Japan Times
COMMENTARY / World
Nov 20, 2022
The global economy and secular inflation
After enjoying a long period of deflationary conditions, the global economy is being pushed by a wide range of forces toward a new and more difficult equilibrium.
Japan Times
COMMENTARY / World
Jul 6, 2022
The supply-side fight against inflation
A recession can be avoided if policymakers recognize the large role that supply-side measures must play in restoring price stability.
Japan Times
COMMENTARY / World
Jun 3, 2022
The global economy in transition
The green transition is a powerful mechanism for increasing resilience and reducing vulnerability to the weaponization of energy supplies.
Japan Times
COMMENTARY / World
May 9, 2022
Good U.S.-China strategic competition
The world needs a benign form of strategic competition more than ever, where countries strive to reach the forefront of innovation without trying to prevent others from challenging them.
Japan Times
COMMENTARY / World
Jan 17, 2022
Regime change in the global economy
The Lewis turning point is being reached in developing countries as their expanding export sectors are absorbing the surplus labor in traditional sectors like agriculture.
Japan Times
COMMENTARY / World
Jan 3, 2022
Is strategic cooperation between the U.S. and China possible?
Attitudes on both sides are hardening, with Washington and Beijing settling into a comfortable but unproductive certitude that it occupies the moral high ground.
Japan Times
COMMENTARY / World
Nov 17, 2021
Is the global supply chain blockage here to stay?
Complex global supply networks work efficiently in normal times, but they are not prepared for COVID-19-like shocks.
Japan Times
COMMENTARY / World
Sep 3, 2021
If COVID-19 wasn’t worry enough, the climate crisis comes roaring back
The most eye-opening development of the past three months has not been the COVID-19 pandemic, but the dramatic increase in the frequency and severity of extreme weather.
Japan Times
COMMENTARY / World
Jun 30, 2021
How great powers should compete
Many in the West disapprove of China's single-party governance structure, just as vocal elements in China disparage Western liberal democracy, which they argue is in terminal decline.
Japan Times
COMMENTARY / World
May 18, 2021
The expected high-growth sectors in the post-recovery decade
Businesses that survived the pandemic closures (many with support from fiscal programs) will experience rapid expansion, powered by pent-up demand.
Japan Times
COMMENTARY / World
Mar 1, 2021
Winners and losers in the digital transformation of work
Perhaps no single aspect of the digital revolution has received more attention than the effect of automaton on jobs, work, employment and incomes.
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

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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