Japan Institute for National Fundamentals
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Speaking Out

Etsuro Honda's Archives

2024.03.27 (Wed)

【#1131】BOJ Should Maintain Strong Commitment to Monetary Easing

March 25, 2024 　 The Bank of Japan at its monetary policy meeting on March 19 decided to raise the uncollateralized overnight call rate (an interest rate on overnight interbank loans), which serves ...

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2024.02.07 (Wed)

【#1116】Too Early to End Monetary Easing in Japan

February 5, 2024 　 The Bank of Japan has persistently continued with monetary easing in order to completely overcome deflation that has been stagnating Japan’s economy for a long time. Under its mon...

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2024.01.24 (Wed)

【#1109】Was Japan’s Economy Overtaken by Germany?

January 22, 2024 　 In 2023, it became certain that Japan’s nominal GDP (gross domestic product) on a dollar basis was overtaken by Germany, dropping Japan to the fourth largest economy in the world....

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2023.11.29 (Wed)

【#1095】Sound Public Finances Do Not Mean Balanced Budget

November 27, 2023 　 Article 4 (1) of Japan’s Public Finance Act, the basic law on national finances, provides for the balanced budget principle that denies dependence on government bonds, while exce...

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2023.11.01 (Wed)

【#1085】Temporary Consumption Tax Cut Is Necessary to Revitalize Japan’s Economy

October 30, 2023 　 A draft of new economic measures that the Japanese government will compile soon includes “strengthening supply capacity” and “returning surplus to the people” as its pillars. The ...

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2023.08.09 (Wed)

【#1062】BOJ Decision to Make Monetary Policy Flexible Was Too Early

August 7, 2023 　 At its Monetary Policy Meeting on July 27-28, the Bank of Japan (BOJ) decided to immediately make flexible its yield curve control (YCC) as a means of large-scale monetary easing, w...

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2023.07.13 (Thu)

【#1055】Take Advantage of the Benefits of a Weak Yen

July 10, 2023 　 Recently, the trend of a weak yen continues with the dollar being worth in the 140-yen range. This weak yen has brought about self-deprecating criticism that it has caused an increas...

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2023.03.15 (Wed)

【#1023】Hoping New BOJ Governor Retains Price Stability Target

March 13, 2023 　 The Bank of Japan in early April will launch a new leadership including economist Kazuo Ueda as governor, former Financial Services Agency Commissioner Ryozo Himino and BOJ Executiv...

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