It’s Wednesday and I use this space to write about any number of issues or items that have attracted my interest and which I consider do not require a detailed analysis. The issues discussed may be totally unrelated. Today, I provide my response to yesterday’s decision by the Bank of Japan to vary its Yield…
Japan
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. The Biwa canal and hydro power I was wandering down to the main station in Kyoto early the other day to meet a friend coming from Tokyo and I saw this…
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. The 1970s struggles go on in Kyoto The University apartment we live in here is next door to and overlooks the now (in)-famous – 吉田寮 – or Yoshida Dormitory or Yoshida-ryo,…
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. When you live in a foreign country for an extended period you start to observe the seasonal patterns not just in the weather but in the social practices and customs. But…
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. It’s slightly cooler now in Kyoto but still warm. I have spent a lot of time in my life in the Netherlands and Belgium and they are very bike friendly countries…
This Tuesday report will provide some insights into life for a westerner (me) who is working for several months at Kyoto University in Japan. Well I am back in Kyoto for several months and it is hot and humid – unseasonally so really. And bushfires are already causing havoc in Australia just as Winter has…
Today, I am heading to the airport for travel to Japan. For the next several months I will once again be working as a professor at Kyoto University as part of the research team concerned with integrating the macroeconomic principles in Modern Monetary Theory (MMT) principles into a broader framework to build national resilience in…
"If it is safe, dump it in Tokyo! If it is safe, test it in Paris! If it is safe, store it in Washington! But keep our Pacific nuclear free!"
The media and the phalanx of mainstream economists from banks etc, the latter of which have a vested interest in interest rates rising in Japan for various reasons, are constantly predicting that the Bank of Japan will relent to the ‘market pressure’ and reverse its current monetary policy stance and fall in line with the…