Showing 1 - 7 of 7
Is Takaichi Sanae the 'Iron Lady' of Japan?
Oped, Koichi Hamada, Published on 10/11/2025
» For the first time in its history, Japan's parliament has selected a woman, Takaichi Sanae of the Liberal Democratic Party, to be prime minister. In this sense, Ms Takaichi has already followed in the footsteps of her political idol, Margaret Thatcher -- the UK's first female PM. But whether she is remembered as Japan's own "Iron Lady" will depend on her ability to manage three key challenges: inflation, low female labour-force participation and a fraught geopolitical environment.
How to try and negotiate with Donald Trump
Oped, Koichi Hamada, Published on 16/07/2025
» Since Donald Trump returned to the White House in January, it has been virtually impossible to keep up with all the extreme measures, incendiary rhetoric, personnel changes, policy reversals, and breaches of rules and norms, from intelligence leaks to defiance of court orders. That is by design: like European fascists in the twentieth century, Mr Trump knows that it is far easier to manipulate and suppress an overwhelmed, divided, and disoriented public than an informed, engaged, and assured one.
Monetary policy really needs to tighten in Japan
Oped, Koichi Hamada, Published on 12/11/2024
» Last month, returning to Japan for the first time since the Covid-19 pandemic, I was struck by how significantly prices had increased. In February 2020, a simple lunch in downtown Tokyo cost about JP¥1,000, then the equivalent of about $10 (324 baht); today, it costs more like JP¥2,000. To some extent, this mirrors the experience in the US, where, even as inflation moderates, prices remain well above their pre-pandemic levels. The difference is that Japan has also experienced a sharp currency depreciation, which benefits foreign visitors: that JP¥2,000 bill translated to just $13.
Should fiscal policy resemble private budgets?
News, Koichi Hamada, Published on 06/11/2023
» Every few months this year, the US government appears on the verge of shutting down. It happened in May, when congressional Republicans initially refused to raise the debt ceiling, and in September, when Congress managed to avert a last-minute shutdown by passing a stopgap bill to keep the federal government open until Nov 17.
Japan's giant of central banking
Oped, Koichi Hamada, Published on 16/05/2023
» Haruhiko Kuroda's ten-year tenure at the helm of the Bank of Japan was the most consequential in the central bank's history. Following his departure last month, it is worth reflecting on his record.
Is Taiwan going to be the next Ukraine?
Oped, Koichi Hamada, Published on 09/07/2022
» Russia's brutal war on Ukraine is, most observers agree, an assault on democracy, sovereignty and human rights. For the United States and its Nato allies, the Kremlin's aggression demands a powerful response, including unprecedented economic sanctions against Russia and huge amounts of military aid to Ukraine.
When will inflation stop happening?
Oped, Koichi Hamada, Published on 10/05/2022
» Until a few years ago, major economies were struggling to achieve even mild inflation, with policymakers in the United States, United Kingdom and eurozone struggling to meet their targets of 2% annual price growth. But with the arrival and persistence of Covid-19, the world changed dramatically. Two years later, everyone is worried about soaring inflation and how it can be contained.