Kumiharu Shigehara

For Kumiharu Shigehara's latest contributions to The Japan Times, see below:

Commentary / World Apr 21, 2014

How to run the euro area

To manage the eurozone, a multifaceted approach is required to prevent a vicious circle of public- and private-sector deleveraging leading to weaker economic activity that in turn results in a further deterioration in banks' asset quality.

Commentary Oct 24, 2013

Chances of eurozone reform

How will Europeans strengthen motivations for generally unpopular economic structural reform in debtor eurozone countries, given the political constraints in democratic societies?

Commentary / World May 23, 2011

For more effective multilateral surveillance

As the Organization for Economic Cooperation and Development celebrates its 50th anniversary, one of its biggest challenges is to adapt its frameworks for surveillance to the new reality of the global economy. The OECD stands out from other international organizations for the variety of its ...

Commentary / World Nov 2, 2009

Japan's 'demand management' and yen rate in the global crisis

First of two parts In the latest World Economic Outlook (WEO) published in early October, the International Monetary Fund notes that achieving sustained healthy growth over the medium term depends critically on rebalancing the pattern of global demand. The IMF calls on many current account surplus ...

Commentary / World Dec 10, 2008

Managing the international economic crisis

"After the Storm?" was the main title of the editorial of Economic Outlook 83 published by the Organization for Economic Cooperation and Development (OECD) in Paris last May. Developments since then have been such that it would have been a disaster for OECD forecasters ...