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Melvyn Krauss
For Melvyn Krauss's latest contributions to The Japan Times, see below:
Japan Times
COMMENTARY / World
Dec 9, 2020
Getting NATO back on track
Biden could start this process of reconciliation between France and Germany — and, more importantly, between the U.S. and its NATO partners — by canceling Trump's planned troop withdrawal.
COMMENTARY / World
Nov 11, 2013
Treasury and Krugman wrong about Germany
Germany's economic success is not due to some neomercantilist policy of using export subsidies and unfair trade interventions, so in what way can it be described as unfair
COMMENTARY / World
May 6, 2013
Let more structural reform lead EU's next deal
Europe needs a new deal that trades less national austerity for creditable plans for more structural reform. This can be done without costing Germany a euro cent.
COMMENTARY / World
Jan 19, 2008
China's currency peg is a gift to Europe
PALO ALTO, Calif. — Europeans are wrong to be angry with China because its currency peg to the dollar has boosted the euro against most currencies on foreign exchange markets. They should view the currency peg as a valuable gift.
COMMENTARY / World
Nov 21, 2007
Myth of U.S.-EU economic decoupling
PALO ALTO, Calif. — The fact that America's economy is slowing is bad news for Europeans, regardless of claims that Europe's economy has successfully decoupled itself from the United States. Decoupling is an idea that is based on bad economics — and on some Europeans' reluctance to accept the fact that Europe's short but sweet economic expansion is also coming to an end.
COMMENTARY / World
Oct 4, 2007
Sarkozy and the euro's perfect storm
PALO ALTO, Calif. — The more French President Nicolas Sarkozy attacks the European Central Bank and the strong euro, the more he is criticized in the European media, by European finance ministers, European Union officials and the ECB itself.
COMMENTARY / World
Jul 26, 2007
An energy tax for the European Union
PALO ALTO, Calif. — U.S. President George W. Bush's disastrous war in Iraq has put Europe in a bind. The United States long has been Europe's protector. Now, because of a war it wanted no part of, Europe finds its security undermined.
COMMENTARY / World
May 28, 2007
Sarkozy should look north for a model
PALO ALTO, Calif. — In gearing up to take France on a new economic course, French President Nicolas Sarkozy's choices are not confined to Anglo-American neoliberalism and the dying French model of social protection. There are other viable alternatives, one of which is the German model. Germany, after all, is now one of the fastest growing countries in the euro zone. So it must be doing something right.
COMMENTARY / World
Apr 4, 2007
Good reasons to be bullish about the Europe Union
PALO ALTO, Calif. -- The European Union has been so successful that you would have thought there would be dancing in the streets at its 50th anniversary. Alas, there has been only persistent talk of failure -- to achieve political union, to adopt a constitution, to exercise global leadership and vision, to implement economic reforms and the list of laments goes on.
COMMENTARY / World
Jan 31, 2007
Uneven growth presents a challenge for Europe
PALO ALTO, Calif. -- A year ago, the euro zone's most important challenge was anemic economic growth. But 2006 turned out to be a good year for growth in Europe, as surprising strength in exports sparked unexpected increases in domestic demand. Germany, the euro zone's biggest economy, had a particularly dramatic turnaround, with annual GDP up by 2.7 percent in 2006, the highest rate since 2000.
COMMENTARY / World
Nov 6, 2006
Europe's misguided 'growth pessimists'
PALO ALTO, Calif. -- So deep is the pessimism in Europe about the economy that the better the economy does today, the worse people think it will do tomorrow.
COMMENTARY / World
Sep 24, 2006
The art of making classical music fans
PALO ALTO, Calif. -- September is traditionally the time when opera companies and orchestras return to their home cities from Aix, Salzburg, Tanglewood and countless other summer festivals. This is also marked (on both sides of the Atlantic) by the return of worries about how classical music is financed.
COMMENTARY / World
May 20, 2006
Is Europe turning toward a strong euro?
PALO ALTO, California -- European Central Bank President Jean-Claude Trichet made news at the press conference following the May meeting of the ECB Governing Council not by what he said, but by what he did not say.
COMMENTARY / World
Mar 31, 2006
Let free trade offset guest-worker limits
PALO ALTO, Calif. -- Negative public opinion in the United States was the key factor behind the defeat of the proposed deal to turn over management of six U.S. ports to an Arab company. But the rejection of Dubai Ports World has disturbed America's trading partners and globalization advocates, who see it as a sign that America's commitment to an open economy is waning.

Longform

Later this month, author Shogo Imamura will open Honmaru, a bookstore that allows other businesses to rent its shelves. It's part of a wave of ideas Japanese booksellers are trying to compete with online spaces.
The story isn't over for Japan's bookstores