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November 21, 2024
 

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Barry Eichengreen
Former European Central Bank chief Mario Draghi presents his report on the future of European competitiveness to the European Parliament in Strasbourg, France, on Sept. 17.
COMMENTARY / World
Oct 23, 2024
Europe’s wake-up call on innovation and competitiveness
Europe stands at a critical juncture, needing to choose between maintaining the status quo or moving toward deeper integration.
The lapse of the historic U.S.-China Science and Technology Agreement, coupled with escalating tariffs and trade restrictions, has exacerbated economic tensions between the two countries and impacted global stability.
COMMENTARY / World
Sep 12, 2024
Resetting U.S.-China economic relations
To address global challenges, active cooperation between the two economic powers is indispensable.
U.S. Vice President Kamala Harris addresses the United Nations' COP28 climate change conference in Dubai on Dec. 2. Harris and Donald Trump are poles apart when it comes to climate change.
COMMENTARY / World
Aug 27, 2024
America’s coming climate election
Clearly, the positions of the two U.S. presidential candidates on the climate crisis could not be more different.
Resistance to adopting digital technologies, restrictive EU regulations, and energy-price shocks are potential explanations for Europe's lagging productivity.
COMMENTARY / World
Apr 10, 2024
Why is Europe losing the productivity race?
A forthcoming report from Mario Draghi will recommend removing barriers to competition, which would intensify the pressure on firms to innovate.
The world needs to avoid the mistakes and pitfalls that go with providing debt relief and should craft sustainable solutions for financially distressed nations. 
COMMENTARY / World
Mar 1, 2024
Developing countries’ never-ending debt crisis
Creditors have a role in resolving debt crises. This means all eyes are on China, which is the single most important creditor for debt distress.
Japan Times
COMMENTARY / World
Jul 13, 2023
Russia and the long shadow of Versailles
Garnishing Russia’s frozen assets to help finance Ukraine's reconstruction would give the Kremlin a powerful propaganda tool with which to paint Russia as the victim.
Japan Times
COMMENTARY / World
Jun 22, 2023
Making development bank lending safe for poor countries
The Macron Summit on global financing will seek to enhance fragile economies’ access to the funds needed to cope with development challenges.
Japan Times
COMMENTARY / World
May 15, 2023
Winners and losers in the artificial intelligence arms race
Technological change always creates winners and losers, but artificial intelligence such as ChatGPT has the potential to create more of the former than the latter.
Japan Times
COMMENTARY / World
May 4, 2023
The SVB debacle and a bank 'murder mystery'
As long as there are banks, there will always have bank failures, which is why regulators are needed to draw the right lessons from the SVB debacle.
Japan Times
COMMENTARY / World
Mar 26, 2023
What it will take to reshape the global monetary order
Why isn't diversification from the U.S. dollar toward the Chinese yuan visible in data on foreign reserves and international payments?
Japan Times
COMMENTARY / World
Jan 23, 2023
ChatGPT and sympathy for the algorithm
The year 2022 will be seen as when artificial intelligence gained street credibility with the release of ChatGPT, a new AI chatbot.
Japan Times
COMMENTARY / World
Nov 21, 2022
Who should coordinate Ukrainian reconstruction?
The more entities involved in reconstructing Ukraine the better. The effort cannot be financed by a single or even a small handful of sources.
Japan Times
COMMENTARY / World
Jul 13, 2022
Boris Johnson leaves behind a sterling mess
Investors appear to view the British pound more like the currency of a troubled emerging market than of a stable advanced economy.
Japan Times
COMMENTARY / World
Jun 17, 2022
Economic consequences of a Ukraine peace
It seems wrong to ask the U.S. and Europe to repair what Russia has broken. So, it is tempting to suggest that Ukraine's reconstruction should be financed by garnishing Russian assets.
Japan Times
COMMENTARY / World
May 13, 2022
Shaping a Marshall Plan for the rebuilding of Ukraine
The Marshall Plan provided Europe with the funds not only to rebuild itself, but also to leapfrog a generation technologically. Ukraine's reconstruction offers a similar opportunity.
Japan Times
COMMENTARY / World
May 1, 2022
Europe’s economy on a knife edge
Europe's recovery from the damage caused by COVID-19 was solidifying. But now European policymakers have exactly zero control over whether their economies' rebound continues.
Japan Times
COMMENTARY / World
Mar 16, 2022
The monetary consequences of Vladimir Putin
Having witnessed the financial shock and awe or Russia's invasion and the subsequent sanctions, other countries will likely re-think how and where they hold their foreign assets.
Japan Times
COMMENTARY / World
Feb 9, 2022
COVID-19 submerges emerging markets
One reason to be skeptical of the rosy consensus on emerging markets is that COVID-19 has spurred accelerated automation in advanced economies, making them less attractive for manufacturers.
Japan Times
COMMENTARY / World
Aug 16, 2021
Will central bank digital currencies doom dollar dominance?
CBDCs are coming, but they won't change the face of international payments and they won't dethrone the dollar.
Japan Times
COMMENTARY / World
Jul 26, 2021
The stablecoin illusion
Stablecoin stability is an illusion. They are unlikely to replace Federal Reserve money, revolutionize finance or realize the dreams of their libertarian enthusiasts.
Ishiba delays meeting with Trump, citing legal restrictions
Prime Minister Shigeru Ishiba waves upon arrival for the Asia-Pacific Economic Cooperation forum, in Callao, Peru, on Friday.
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.
Rising sex tourism exposes loopholes in Japan's anti-prostitution law
While financial misfortunes during the COVID-19 pandemic may have driven some women to work the streets, others simply want more money to spend — or want to pay off their debts — at host clubs.
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

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SWCC keeps changing with keyword ‘new challenges’

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