Japan’s Economy: Limits to Fiscal Policy?
Toshiro Mutoh, Chairman, Daiwa Institute of Research; Chief Executive Officer, The Tokyo Organising Committee of the Olympic and Paralympic Games
Chair: John Nilsson-Wright, Head, Asia Programme, Chatham House
The speaker will argue that uncertainty regarding Japan’s economy has increased since the summer of 2015. When the Bank of Japan announced the introduction of a negative interest rate, its quantitative easing policy appeared to be reaching its limits. As public debt is now more than double the country’s GDP, it is clear that monetary policy alone won’t solve Japan’s problems. In order to leave its lost decades behind, Japan needs to undertake drastic structural reforms and improve its growth potential. Many hopes rest on the 2020 Tokyo Olympics accelerating innovation, and thus proving a springboard for a vigorous ageing society.
Attendance at this event is by invitation only.