Commentary / World Jul 9, 2019
Can MMT be Japan's savior?
Modern Monetary Theory may not be able to solve the nation's complicated long-standing structural problems.
Sayuri Shirai
For Sayuri Shirai's latest contributions to The Japan Times, see below:
Commentary / Japan May 26, 2019
Japan's labor shortage and low-wage puzzle
Why does wage growth remain sluggish despite Japan's growing labor shortage?
Commentary / Japan May 14, 2019
Japan's growing debt divergence
The BOJ may have no choice but to end up providing permanent government support to avoid painful fiscal consolidation.
Commentary / Japan Feb 17, 2019
Bank of Japan's growing global challenges
It will be a very long time before the Bank of Japan takes any clear steps toward normalization.
Commentary / Japan Jun 26, 2018
Time for the BOJ to reconsider the 2 percent inflation target
The Bank of Japan's ambitious inflation target increasingly appears unachievable.
Commentary / Japan May 15, 2018
Deepening financial integration in Asia
Capital-rich Japan has been relatively inactive in promoting capital market financial integration.
Commentary / Japan Jul 19, 2017
The Bank of Japan's three communications challenges
Eventually the BOJ will need to clarify its monetary policy stance.
Commentary / Japan Jul 3, 2017
Can Tokyo become a truly global financial center?
Japan must do much more if Tokyo is to become a major global financial center.
Commentary / Japan Apr 14, 2017
BOJ's dilemma between price stability and financial stability
It may be time for the BOJ to provide more reasonable projections about the time by which it can achieve 2 percent inflation.
Commentary / Japan Mar 29, 2017
The truth about deflation
It may be time for the government to realize that simple prescriptions that combine monetary and fiscal expansionary policies will not cure Japan's deep-rooted economic problems.