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. Over the years he has been highly ranked in numerous surveys including the Institutional Investor survey. In this podcast we discuss: 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 can Japanese inflation go? 9) Will the BoJ exit yield curve control (YCC)? 10) Is a weak yen a problem for Japan? 11) What drives Japanese bond yields. 12) Books that influenced Matsuoka-San: The Structure of Scientific Revolutions (Kuhn).