Shigeki Nozawa

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

JGB market braces for Abe's return

| Dec 15, 2012

JGB market braces for Abe's return

The worst prime minister for Japanese government bonds in almost two decades is poised to return, ousting the best since 2006. Shinzo Abe, the front-runner to replace Yoshihiko Noda in Sunday’s general election, oversaw a 1.2 percent gain when he was in office for ...

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 ...

U.S. Treasurys foiling intervention

Feb 9, 2012

U.S. Treasurys foiling intervention

Finance Minister Jun Azumi’s efforts to weaken the yen are being foiled, in part, by U.S. Treasurys. Finance Ministry data released Tuesday showed Japan conducted an unannounced intervention worth ¥1.02 trillion during the first four days of November, as part of ¥14.3 trillion worth ...