As yield curves are already so flattened, central banks may need to rely more on reducing their holdings of government bonds to prevent an inversion of the yield curve.
For Sayuri Shirai's latest contributions to The Japan Times, see below:
In a bid to attract more long-term investors, Japan plans to reform its primary stock market.
The growing alarm about climate change has awakened the world to the urgent need to "green" existing loan and securities portfolios.
An expansion of environmental, social and corporate governance (ESG) investment and a sustainable finance market is essential for Japan’s economy.
Further monetary easing may become inevitable for the U.S. Fed to make inflation targeting effective, and for the ECB to justify greater emphasis on the environment.
The nation should not miss the opportunity to restructure its economic and energy-consumption structure for future generations.
Monetary easing measures adopted by the Bank of Japan lack boldness.
Prompt actions by governments could help prevent the collapse of affected firms and individuals.
China's central bank digital currency may boost the internationalization of the yuan.
Japan continues to find ways to please Trump while avoiding a worst case scenario for Japan's economy.