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May 03, 2024
 

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Barry Eichengreen
For Barry Eichengreen's latest contributions to The Japan Times, see below:
Japan Times
COMMENTARY / World
Jan 16, 2017
Why Trump is succeeding where Powell failed
The experience of British nativist firebrand Enoch Powell in the late 1960s and early 1970s can help shed light on Donald Trump's political success.
Japan Times
COMMENTARY / World
Dec 18, 2016
Welcome to the age of hyper-uncertainty
The year 2017 will mark the 40th anniversary of the publication of John Kenneth Galbraith's 'The Age of Uncertainty.' But if Galbraith were writing the same book in 2017, he probably would call the 1970s the Age of Assurance.
Japan Times
COMMENTARY / World
Nov 22, 2016
Globalization's last gasp
Does Donald Trump's election mean that globalization is dead, or are reports of the process' demise greatly exaggerated?
COMMENTARY / World
Sep 17, 2016
Brexit and the pound in your pocket
The early returns on Brexit are in and the data are not good, regardless of claims to the contrary by 'leave' supporters.
COMMENTARY / World
Aug 15, 2016
Airing the IMF's dirty laundry
The IMF's role in Europe's post-2008 crisis shows why it needs an independent management team that can make decisions free of political interference.
Japan Times
COMMENTARY / World
Apr 14, 2016
Casualties of globalization sound 'Brexit' alarm
A vote for 'Brexit' is a vote against Britain's political mainstream.
COMMENTARY / World
Mar 19, 2016
Time to move beyond monetary policy
Ideological and political prejudices deeply rooted in history will have to be overcome to end the current stagnation.
COMMENTARY / World
Dec 16, 2015
High tech and today's productivity paradox
Recent trends in productivity growth make it hard to be optimistic about the future, but when radical innovations are first rolled out, their immediate effect isn't always known.
COMMENTARY / World
Oct 19, 2015
EU needs a policy solution, not more razor wire
Creating institutions to enhance border security and resettle refugees will require Europe to take another step toward deeper political integration, with decisions made at the EU, not the national, level.
Japan Times
COMMENTARY / World
Sep 15, 2015
The folly of China's forex policy
China should start developing stable and liquid financial markets that are not subject to official manipulation. Only then will the international community embrace the renminbi as a proper international and reserve currency.
Japan Times
COMMENTARY / World
Apr 21, 2015
Europe's poisoned chalice of economic growth
In developing countries, it is said that good times are bad times for economic reform. Welcome to developing Europe.
Japan Times
COMMENTARY / World
Mar 15, 2015
Fed under attack for its bailouts and posturing
The Federal Reserve is under attack, as bills subjecting the U.S. central bank to 'auditing' by the Government Accountability Office are likely to be passed by both houses of Congress.
COMMENTARY / World
Feb 21, 2015
A central bank needn't sweat its balance sheet
Around the world, central banks' balance sheets are becoming an increasingly serious concern. Yet, balance-sheet considerations rank, at best, a distant fourth on the list of worthy monetary-policy goals.
COMMENTARY / World
Dec 16, 2014
ECB must banish the specter of deflation
The European Central Bank is moving, hesitantly but ineluctably, toward quantitative easing, as the threat of deflation — and the ineffectiveness of its previous measures — leaves it no choice.
COMMENTARY / World
May 19, 2014
Indecision drives European crisis treadmill
If we have learned one thing from the last four years, it is that the EU lacks the capacity to act decisively. The eurozone will not collapse this year, but its troubles are far from over.
COMMENTARY / World
Feb 21, 2014
The dollar and the damage done to markets
Put three financial events together, including the torpedoing of International Monetary Fundreform, and what you get is a U.S. that has renationalized the international lender-of-last-resort function.
COMMENTARY / World
Oct 15, 2013
The dollar and the U.S. debt ceiling
Sane governments don't default by choice — especially when they're privileged with issuing the global currency. We are about to find out whether the U.S. still has a sane government.
COMMENTARY / World
Jun 19, 2013
Lessons of a Greek tragedy
Had Greece quickly written down its debt burden by two-thirds in the first half of 2010, it could have gotten its economy moving again in no more than a year.
COMMENTARY / World
Mar 23, 2013
In Europe, pieces are in place for a 'lost decade'
Although investors seem to think that Europe's leaders will do just enough to save their monetary union, the EU is likely to look back on a 'lost decade.
COMMENTARY / World
Aug 23, 2012
A summer reading list for eurozone leaders
In August, Europeans head for the beach. The continent shuts down on the assumption that nothing of consequence will happen until everyone returns, suitably tanned, in September.
Weak yen fattens tourist wallets in Japan
People visit the Ameya Yokocho market in Tokyo's Ueno district during the Golden Week holiday on Tuesday.
Number of vacant homes in Japan hits record high of 9 million
A vacant house in Tokyo is seen demolished in January 2020.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.
Kishida sets sights on energy and climate in South America trip
Prime Minister Fumio Kishida will use a policy speech in Sao Paulo to set out his vision for ties between Japan and South America, almost 10 years after former Prime Minister Shinzo Abe advocated for stronger ties between the two in the same city.
Yellow sand allergy: A health issue made worse by climate change
A screenshot of the Meteorological Agency's satellite image of clouds and yellow sand (in pink) on Sunday.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.

Podcast

From easily navigable train stations to the helpfulness of its municipal staff, Tokyo has earned high praise for its commitment to accessibility for disabled travelers.
[Rebroadcast] Japan is doing better on accessibility than you may think

Longform

When trying to trace your lineage in Japan, the "koseki" is the most important form of document you'll encounter.
Climbing the branches of a Japanese family tree
By Alex K.T. Martin

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