Shigeki Nozawa

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

Failure to up sales tax risks crash of JGBs: Sakakibara

Apr 22, 2014

Failure to up sales tax risks crash of JGBs: Sakakibara

The government should prioritize expanding its recent sales tax increase or risk an eventual collapse of sovereign bonds, former Finance Ministry official Eisuke Sakakibara said. A failure to raise the consumption levy “could trigger massive dumping” of the nation’s debt, Sakakibara said in an ...

Avoid buying foreign currency bonds, BOJ told

Aug 1, 2012

Avoid buying foreign currency bonds, BOJ told

The Bank of Japan should reject calls for it to buy foreign currency bonds to weaken the yen because such a move would hurt its independence, said Makoto Utsumi, a former top currency official. Such purchases would be “akin to currency intervention and wouldn’t ...

JGBs, not tax hikes, way to go, Sakakibara says

Mar 27, 2012

JGBs, not tax hikes, way to go, Sakakibara says

Japan should issue more bonds to help boost the economy instead of attempting tax hikes, which might stifle a recovery, said Eisuke Sakakibara, a former Finance Ministry official. “The government shouldn’t raise taxes when economic conditions are bad,” Sakakibara, now a professor at Aoyama ...