Rachel Kranton

For Rachel Kranton's latest contributions to The Japan Times, see below:

Nov 7, 2011

Wrong timing by the Euro-skeptics

For Britain’s Euro-skeptics, the current eurozone crisis has an air of inevitability and opportunity. The crisis validates their view of the single currency as a straitjacket forcing disparate economies into an unworkable union. “We told you so”, crow Britain’s anti-European politicians, goaded on by ...

Oct 19, 2011

Preparing for future disasters

Following discussions in the wake of the March 11 quake and tsunami, an experts’ panel of the Central Disaster Management Council submitted its final report to post-disaster reconstruction minister Tatsuo Hirano in late September. The report called on the central and local governments to ...

Oct 18, 2011

Economic trouble in China

The decision of China’s sovereign wealth fund to buy shares of four of the country’s biggest banks is a warning signal. The move to prop up the plummeting value of those institutions is intended to boost confidence; instead, it has highlighted the many unknowns ...

Sep 15, 2011

Will the real Dick Cheney please stand up?

He’s been called Darth Vader, feared or derided as a trigger-happy, torture-loving puppet master who called the shots over the eight years of the George W. Bush presidency. And now, with the publication of his memoir, “In My Time,” Dick Cheney has once again ...

Aug 29, 2011

Budget repair and liberal defiance

The residues of liberalism’s Wisconsin Woodstock — 1960s radicalism redux: operatic lamentations, theatrical demonstrations and electoral futilities — are words of plaintive defiance painted on sidewalks around the state capitol. “Solidarity forever” was perhaps painted by a graduate student forever at the University of ...

Aug 25, 2011

Back to the rice futures trade

In Japan, futures trading for rice started in 1730 at Dojima, Osaka, with the Tokugawa shogunate’s approval. Such trading ended in 1939 as the government’s wartime control of the economy was strengthened. On Aug. 8, futures trading for rice resumed in Tokyo and Osaka ...

Jul 4, 2011

U.S. policy sidelines Gaza

U.S. Secretary of State Hillary Clinton has made a series of stern and fiery statements recently, giving the impression that war is somehow upon us once again. Oddly, Clinton’s sudden reappearance into the Middle East diplomacy scene was triggered by the brave attempts of ...

May 29, 2011

Six decades of 'inconveniences'

The May 8 letter by Yoshio Shimoji, “” only shows there are many Okinawan/Japanese people plagued with heiwaboke (taking peace for granted), who don’t appreciate what Americans have done for Japan. Its democracy and economic prosperity were not just the result of hard work. ...

Mar 4, 2011

Justifying an intervention in Libya for justice' sake

MELBOURNE — The world has watched in horror as Libya’s Colonel Moammar Gadhafi uses his military to attack protesters opposed to his rule, killing hundreds or possibly thousands of unarmed civilians. Many of his own men have refused to fire on their own people, ...

Dec 26, 2010

New START to arms control

The New Strategic Arms Reduction Treaty (START) has won ratification in the U.S. Senate, passing by a 71-26 vote. Ratification is a victory for President Barack Obama, those who seek a world with fewer nuclear threats as well as proponents of a constructive U.S.-Russia ...