Koichi Hamada
Koichi Hamada is Professor Emeritus at Yale University and a special adviser to Japanese Prime Minister Shinzo Abe.
Koichi Hamada is Professor Emeritus at Yale University and a special adviser to Japanese Prime Minister Shinzo Abe.
Accommodating aggressive behavior by "defectors" from international cooperation like North Korea will never bring peace, but establishing cooperation as the only viable option might. If the Trump admi… read more
Donald Trump is not just challenging political convention to “shake things up”; he is testing the foundations of US democracy. If he manages to identify a weak point, all assumptions about the US and … read more
Forty years after John Maynard Keynes published his General Theory, a counterrevolution took hold, reflecting sharp criticism of the fiscal activism Keynes championed. After another 40 years, Keynes’ … read more
Gloomy reports of anemic GDP growth in Japan have undermined investor confidence and spurred criticism of Prime Minister Shinzo Abe's economic-revitalization efforts. But a more comprehensive look at … read more
Like Aesop’s boy who cried wolf, the Japanese authorities have lost credibility, at least when it comes to the threat of intervention in currency markets. As a result, speculators remain convinced tha… read more
It is no secret that excessive public debt weighs down an economy, leaving it vulnerable to shocks. But just as a fast-moving cyclist cannot simply stop pedaling, governments cannot suddenly halt all … read more
The world economy is struggling with persistently weak aggregate demand, below-target inflation, and slow or no growth. But these conditions, however troubling, should not lead central bankers to impl… read more
On February 16, the Bank of Japan joined the ECB, the Swiss National Bank, and others in adopting negative interest rates on deposits. Though the move immediately pushed the interest-rate structure lo… read more
China’s leaders are at a crossroads. They must decide whether to continue trying to control the economy, as they did after the summer's stock-market crash, or to follow through on their promise to bui… read more
