Takamitsu Sawa

For Takamitsu Sawa's latest contributions to The Japan Times, see below:

In the electronics doldrums

Aug 22, 2016

In the electronics doldrums

The main culprit of Japan's economic doldrums during the past quarter century is the stagnation of its electronic equipment manufacturers.

How to stimulate demand

Jul 17, 2016

How to stimulate demand

The true value of flexible fiscal policy lies in stimulating domestic demand through meaningful fiscal spending while at the same time ensuring restoration of fiscal health.

Why Abenomics is failing

Mar 13, 2016

Why Abenomics is failing

Only when a synergy is achieved between easy money policy and a growth strategy to stimulate private-sector investments can the engine of a virtuous circle get started.

Limits of central bank policy

Feb 15, 2016

Limits of central bank policy

The Bank of Japan's decision to adopt a minus interest rates could be immediately rendered meaningless by highly unpredictable political and economic trends abroad.

Abenomics: state capitalism

Jan 17, 2016

Abenomics: state capitalism

Shinzo Abe's economic policies aren't really neoclassic or Keynesian. Rather they align more with the state capitalism practiced in China, Russia and Singapore.

Abe's dubious 'new arrows'

Dec 9, 2015

Abe's dubious 'new arrows'

Abenomics has shifted from economic growth driven by the private sector to relying on government spending, and is even moving toward state capitalism.