How Japan can escape financial socialism, Japan’s road to recovery
Tuesday 30 March 2021 – Vol.12 Ed.13.2
Commentary: How Japan can escape financial socialism
By Jesper Koll in Tokyo
The cumulative effects of the Bank of Japan’s steadfast buying of exchange-traded funds have de facto turned Japanese equity markets into an experiment in financial socialism. Officials seem to have no idea how to restore the functioning of free markets. Ending this experiment and restoring free-market functioning will require unprecedented co-operation between monetary and fiscal authorities.
Read the full commentary on the website.
Meeting: Japan’s road to recovery
Tuesday 20 April, 20:00-21:00 BST
The world’s third-largest economy is recovering from the pandemic but it still faces significant challenges. Exiting pandemic restrictions and increasing public debt are among those problems that could hinder any recovery. Kenji Okamura, Japan’s vice-finance minister for international affairs, joins Mark Sobel, US chairman of OMFIF, to discuss the implications for Japan’s economy and policies of the rise of US long-term interest rates, as well as to look into G20 priorities.
Register to attend here.