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ECONOMY > Economic Policy

Commentary: Will closer monetary-fiscal policy coordination lead to fiscal dominance?

BY SAYURI SHIRAI, CONTRIBUTING WRITER   Since last year, all major economies have experimented with an unprecedented scale of monetary-fiscal policy coordination to cope with the COVID-19 pandemic. Such a prompt, bold approach prevented the worst-case scenario of massive, prolonged layoffs and corporate bankruptcies around the world.   The closer policy coordination reflects the views embraced by academics and economists….Read more

  • December 13, 2021
  • , The Japan Times
  • English Press

ECONOMY > Economic Policy

Economic Security Minister Kobayashi: Include economic security in NSS

In an exclusive interview conducted by the Sankei Shimbun on Dec. 7, Kobayashi Takayuki, the minister for economic security, emphasized the importance of positioning the concept of economic security in the “National Security Strategy (NSS),” Japan’s basic policy for foreign affairs and defense. (Interviewed by Okada Mitsuki).   Sankei: You were involved in economic security policy prior to assuming the….Read more

  • December 8, 2021
  • , Sankei , p. 5
  • JMH Translation

ECONOMY > Economic Policy

Commentary: What Japan needs to do to boost its economic security

BY KAZUTO SUZUKI, CONTRIBUTING WRITER   A significant feature of Prime Minister Fumio Kishida’s administration is the creation of a new ministerial post for economic security and the appointment of Takayuki Kobayashi, a young Lower House lawmaker, to the post.   Boosting economic security has been one of the top items advocated by the ruling Liberal Democratic Party, with its….Read more

  • December 3, 2021
  • , The Japan Times
  • English Press

ECONOMY > Economic Policy

Focus: Kishida Puts More Weight on Economy in COVID-19 Fight

 Tokyo, Nov. 20 (Jiji Press)–With the adoption of a revised basic COVID-19 policy and a stimulus package of an unprecedented scale on Friday, Japanese Prime Minister Fumio Kishida is seeking to achieve “a new normal,” in which social and economic activities are continued even when the novel coronavirus is spreading, in a shift from the policies of his predecessors.    ….Read more

  • November 20, 2021
  • , Jiji Press , 12:00 p.m.
  • English Press

INTERNATIONAL > East Asia & Pacific

TSMC’s Japan plant was seen as a win, but its future is more complicated

By Nagata Kazuaki, staff writer   With electronics and auto manufacturers continuing to suffer from the global chip shortage, a recent announcement by Taiwan Semiconductor Manufacturing Co. that it plans to build a plant in Japan may seem to offer a glimmer of hope for the country.   The move is also in line with the Japanese government’s strategy of….Read more

  • November 9, 2021
  • , The Japan Times
  • English Press

ECONOMY > Economic Policy

GOJ to offer subsidies to support domestic production of semiconductors 

Today’s Nikkei front-paged GOJ moves to legislate subsidies for Japanese and foreign semiconductor manufacturers that build plants in Japan to ensure a stable supply of the key strategic material because of its economic security implications. Taiwan Semiconductor Manufacturing Company (TSMC) is expected to receive the proposed financial support for its plan to build a factory in Kumamoto Prefecture on the….Read more

  • November 8, 2021
  • , Nikkei
  • JMH Summary

POLITICS

Kishida’s panel on new capitalism launches with a mere change of name

By Matsuo Yohei and Fujita Yuki   On Oct. 26, Prime Minister Kishida Fumio held the first meeting of a panel that he has set up to discuss a “new form of capitalism.” With the U.S. and Europe facing social gaps and divisions as a result of excessive competition, moves to question capitalism are spreading worldwide. In Japan, the market….Read more

  • October 27, 2021
  • , Nikkei Asia , p. 3
  • JMH Translation

ECONOMY > Economic Policy

Japan debates its economic future after Abenomics

The pre-eminent challenge for the new Japanese government is ensuring that the economy is on a stable footing and ready and able to recover as the COVID-19 pandemic eases.   After nearly a decade, there is consensus that Abenomics, the signature economic program launched by former Prime Minister Shinzo Abe when he returned to power, has run its course and….Read more

  • October 22, 2021
  • , The Japan Times
  • English Press

ECONOMY > Economic Policy

Doyukai chief agrees with top finance official’s “pork-barrel” slur

At a press conference on Oct. 12, Sakurada Kengo, chairman of the Japan Association of Corporate Executives (Keizai Doyukai), commented on the opinion piece Finance Vice Minister Yano Koji wrote for a monthly magazine recently in which he likened the economic policy debate for the upcoming Lower House election and during the latest LDP presidential race to a “pork-barrel battle.”….Read more

  • October 13, 2021
  • , Yomiuri , p. 11
  • JMH Translation

ECONOMY > Economic Policy

Japan to set up $4.4 billion “vaccine fund” under economic package

TOKYO – Japan plans to set up a 500 billion yen ($4.4 billion) fund aimed at supporting firms developing vaccines for infectious diseases and new drugs, under the first economic package to be drawn up since Prime Minister Fumio Kishida took office last week, government sources said Wednesday.   Kishida has vowed to strengthen the government’s coronavirus response, as well….Read more

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