Ep. 121: Mikihiro Matsuoka on Bank of Japan policy, Japanisation of Economies, and the Demise of Capitalism  

Matsuoka-San is the Chief Economist of SBI Securities in Japan. Before that, he was the Chief Economist for Japan at Deutsche Bank. Overall, he has been involved in macroeconomic analysis at research institutions and financial institutions for the past 30 years. He is known to be one of the leading Japan economists with unique insights on structural issues. He has been highly ranked in numerous surveys, including the Institutional Investor survey, over the years.

On this podcast we discussed:

1. Former Prime Minister Abe’s legacy in Japan
2. The long-term impact of COVID on the global economy
3. The demise of capitalism
4. Why nominal GDP targeting is better than inflation targeting
5. Measuring financial stress and why it is rising
6. Which other countries are ‘Japanising’
7. The current state of Japanese growth
8. How high Japanese can inflation go
9. Whether the BoJ will exit yield curve control (YCC)
10. Whether a weak yen is a problem for Japan
11. What drives Japanese bond yields.
12. Books that influenced Matsuoka-San: The Structure of Scientific Revolutions (Kuhn)

You can find a link to Matsuoka-San’s presentation here.

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