Shigeki Nozawa

For Shigeki Nozawa's latest contributions to The Japan Times, see below:

Kuroda's inflation optimism challenged by cash register data

Mar 27, 2015

Kuroda's inflation optimism challenged by cash register data

Bank of Japan Gov. Haruhiko Kuroda’s optimism that he can meet the 2 percent inflation target is getting a reality check at the nation’s cash registers. Analysis of scanner data for about 350,000 products at 300 supermarkets across Japan shows costs are falling, says ...

Mar 23, 2015

Bank of Japan research casts doubt on Kuroda's comfort on bonds

The Bank of Japan’s own researchers are undermining Gov. Haruhiko Kuroda’s view that the market is functioning well as the central bank buys an unprecedented amount of debt. Some indicators suggest liquidity in Japanese government bonds is falling after long-term yields dropped, regulations changed ...

Megabank dividends lure funds from bonds

Feb 27, 2015

Megabank dividends lure funds from bonds

As Japan’s sovereign bond yields languish near zero, the regular payouts to shareholders of the megabanks are starting to appeal to a wider group of investors. The average dividend yield of the Topix Banks Index, the payout relative to the share price, was at ...

Jan 30, 2015

BOJ doesn't need more stimulus: top-rated economist

Japan’s top-rated economist says the central bank doesn’t need more stimulus, defying the consensus. Ryutaro Kono, chief Japan economist in Tokyo at BNP Paribas SA and who was voted No. 1 by Nikkei Veritas magazine in six of the past seven years, says lower ...

Improved 'competitiveness' key to wage hikes, labor chief says

Jan 22, 2015

Improved 'competitiveness' key to wage hikes, labor chief says

Restoring industrial competitiveness is the key to fueling wage gains that the Abe government and the central bank are counting on to ensure inflation takes hold, according to labor minister Yasuhisa Shiozaki. “We have to think about why wages haven’t risen,” Shiozaki said in ...

Mitani sidelined by Abe as GPIF pension fund enters new era

Dec 24, 2014

Mitani sidelined by Abe as GPIF pension fund enters new era

When Takahiro Mitani’s term as head of the world’s largest retirement fund finishes in March, so too will the old era of Japanese pension management. The former Bank of Japan official saw his power ebb during a five-year reign at the ¥131 trillion Government ...

Sep 8, 2014

Abe recasting Cabinet cuts risk to six-year low

The Cabinet overhaul has revived failing public support for Prime Minister Shinzo Abe’s economic policies and invigorated markets that have shown more confidence in him than his predecessors. The cost to protect government debt against default slid to 34 basis points after last Wednesday’s ...