Matsuyama’s Paper among 50 Most Cited in Journal of Economy Theory’s History
Chief Scientific Adviser Matsuyama Appointed Resident Scholar of Chicago Fed
News Release: Economist Kiminori Matsuyama Named Foundation’s Chief Scientific Adviser
Notice of Name Change
“Divine Winds” Needed for Suga to Stay in Power, Sota Kato Says
In a Straits Times article about Prime Minister Yoshihide Suga’s plummeting popularity, Research Director Sota Kato noted that the chances of “him still being prime minister at the end of 2021 is quite bleak.”
“Divine winds” (kamikaze) will be needed to blow on two fronts, Kato commented. “First . . . the economy makes a V-shaped recovery” thanks to COVID-19 vaccines, and “Second, the Olympics can be successfully held, causing a feel-good effect.”
“The public came to see Mr. Suga as a prime minister who is unable to take the initiative,” Kato added. “He needs to be more accountable, and to pray for the divine winds to blow.”
“Will Suga Still Be Japan’s PM at End of the Year?” Straits Times
China Must Work with New US Administration or Face Domestic Instability, Ke Tells NHK World
In an interview with NHK World, Senior Fellow Ke Long cautions that China will face serious economic problems if it does not make major concessions and work closely with the incoming Joe Biden administration in Washington.
“If there is further decoupling of the US and Chinese economies, we could see supply chains being reorganized and moved out of China,” Ke said.
“If multinationals leave the country, this will not only hinder the ability of Chinese companies to catch up technologically but also result in the loss of jobs, potentially leading to social instability.”
“New US Leadership Faces Unpredictable China,” NHK World
Controversy Points to Suga’s Aim to End Outdated Practices, Sota Kato Tells Straits Times
Prime Minister Yoshihide Suga’s rejection of six candidates for the Japan Science Council has triggered charges that the new administration is curtailing academic freedom. All six were critical of government policy when Suga was the chief cabinet minister.
But the move could signal Suga’s resolve to undo outdated practices, Research Director Sota Kato told the Straits Times. The prime minister’s “awareness for reforms is quite strong,” Kato said. “He has the know-how and personal connections to eliminate resistance from businesses or other groups with vested interests.”
“Controversy hits Suga, just 2½ weeks into tenure as PM,” Straits Times
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