The prospect of monetary and fiscal coordination means this stimulus bill will get paid. But central bank independence is also on the line.
For Daniel Moss's latest contributions to The Japan Times, see below:
These figures had outlived their usefulness and only fueled cynicism about accuracy.
As swiftly as lockdowns were imposed across Asia, the process of lifting them will be slow and uneven.
If anyone knows how hard it is to roll back extraordinary monetary support, it’s Japan.
The Bank of Japan was once a monetary policy pioneer. Now it’s in crisis mode.
The prime minister’s economic package may look bold, but action comes late.
Psychology can be more powerful than facts when it comes to an epidemic's impact
Japan is facing a trifecta of challenges with severe economic consequences.
Japan's misguided consumption tax hike makes a big fiscal package inevitiable.
Here it's apparent that centuries-old ties between the nations can't be unwound by political rhetoric spewing from distant capital cities.