Showing 1 - 3 of 3
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.
Prosperity needs a healthy planet
News, Axel van Trotsenburg, Published on 30/10/2024
» Progress on poverty reduction has slowed almost to a standstill in recent years. With nearly 700 million people still living on less than US$2.15 (73 baht) per day, the world is far from the goal of eradicating extreme poverty by 2030. At the current pace, it will take at least three decades to reach this target and more than a century to lift everyone above the poverty line of $6.85 per day used for upper-middle-income countries. Today, 44% of the global population falls below this threshold.
Protection in the megatrend age
Oped, Armida Salsiah Alisjahbana, Published on 08/10/2024
» Social protection systems are essential to achieving the 2030 Agenda for Sustainable Development.