Japan Economist, Japan Macro Advisors

Takuji Okubo

Japan Economist

Concise and Insightful Analysis on Japan Economy

Japan Macro Advisors

Our mission is to provide a concise and timely analysis on the Japanese economy for the benefit of global audiences. Communication, especially in foreign languages, has always been a weakness for the Japanese, which was fine when Japan's economic might attracted foreign media and various other institutions to study and report on Japan - such days are long gone. In the last two decades, we saw foreign institutions reallocating their resources from Japan to other more exciting parts of the world. As a result, when we read reporting on Japan in foreign media, we sense a subtle but noticeable decline in the depth of understanding what is actually happening in Japan.

Macroeconomics

<div class="content-highlight"><p>The opposition parties seem to be losing momentum in pursuing the responsibility of Prime Minister Abe for the cronyism scandal. However, we are seeing signs of erosion in the support for PM Abe within his party. Ultimately, the polling results would set the course, but we think it is more likely that the ruling party would decide against letting PM Abe continue as their leader when his term expires this September.  </p></div><h2>The testimony was a success for Prime Minister Abe</h2><p>The parliamentary testimony on…</p>

The opposition parties seem to be losing momentum in pursuing the responsibility of Prime Minister Abe for the cronyism scandal. However, we are seeing signs of erosion in the support for PM Abe within his party. Ultimately, the polling results would set the course, but we think it is more likely that the ruling party would decide against letting PM Abe continue as their leader when his term expires this September.  The testimony was a success for Prime Minister AbeThe parliamentary testimony on…

PM Abe Facing Erosion of Support from His Party

<p>Poll results reported by various media this weekend showed that the approval rate for Prime Minister Abe is falling to new lows, raising a possibility that his government will not last for long. In three out of four media polls reported on Sunday, Asahi, Mainichi, Nippon TV and Kyodo, the approval rate hit the lowest rate since the current Abe government started in late 2012.  <a href="http://www.ntv.co.jp/yoron/201803/soku-index.html" target="_blank">Nippon TV's poll</a> put the approval rate at 30.3% and the disapproval rate at 53.0%. Among media polls we have been…</p>

Poll results reported by various media this weekend showed that the approval rate for Prime Minister Abe is falling to new lows, raising a possibility that his government will not last for long. In three out of four media polls reported on Sunday, Asahi, Mainichi, Nippon TV and Kyodo, the approval rate hit the lowest rate since the current Abe government started in late 2012.  Nippon TV's poll put the approval rate at 30.3% and the disapproval rate at 53.0%. Among media polls we have been…

Abe Government Unlikely to Last Beyond This Summer

<p>After the landslide electoral victory in 2017, it looked certain that Prime Minister Abe would stay on for a few more years. A new development in a year-old cronyism scandal raises a possibility that he may not survive 2018 as Japan's Prime Minister. </p><p>PM Abe already survived a crisis in 2017. In the earlier part of 2017, the approval rate for Prime Minister Abe plummeted as he was mired in a series of scandals. The cabinet approval rate hit a low of 34% in July 2017. However, when the largest…</p>

After the landslide electoral victory in 2017, it looked certain that Prime Minister Abe would stay on for a few more years. A new development in a year-old cronyism scandal raises a possibility that he may not survive 2018 as Japan's Prime Minister. PM Abe already survived a crisis in 2017. In the earlier part of 2017, the approval rate for Prime Minister Abe plummeted as he was mired in a series of scandals. The cabinet approval rate hit a low of 34% in July 2017. However, when the largest…

Japan: Policy Implications from the Document-Tampering Scandal

<p>Until recently, foreign workers were not of macroeconomic concern as the number was too small. As foreign workers now account for 2% of the total workforce and the number is growing nearly 20% per year, it could soon start to have a meaningful economic impact on Japan's labor market, consumption and most importantly, on the longer-term growth outlook for Japan. <br><br>The official stance of the Japanese government, especially that of the current Prime Minister Abe, is that Japan is not open to…</p>

Until recently, foreign workers were not of macroeconomic concern as the number was too small. As foreign workers now account for 2% of the total workforce and the number is growing nearly 20% per year, it could soon start to have a meaningful economic impact on Japan's labor market, consumption and most importantly, on the longer-term growth outlook for Japan.   The official stance of the Japanese government, especially that of the current Prime Minister Abe, is that Japan is not open to…

<p>What could the Bank of Japan do if it is to face a recession? This question is the foremost critical challenge for Mr. Kuroda in the next five years. It has already been ten years since the last global recession, and we should not be surprised to see another one around the corner. The BoJ may be able to start an exit process in a year or two, but if a recession is to happen within the next few years, we expect most of the current easing policies, such as the -0.1% short-term policy rate, to be…</p>

What could the Bank of Japan do if it is to face a recession? This question is the foremost critical challenge for Mr. Kuroda in the next five years. It has already been ten years since the last global recession, and we should not be surprised to see another one around the corner. The BoJ may be able to start an exit process in a year or two, but if a recession is to happen within the next few years, we expect most of the current easing policies, such as the -0.1% short-term policy rate, to be…

Kuroda's Next 5 Years (Part 2): Prepare to Ease Again

Japan

TOPIX ETF is an Exchange-traded fund which holds a portfolio representing all stocks in the Tokyo Price Index (TOPIX).  The objective of the trust is to provide investment results that corresponds to the price and yield performance of the component securities of the Tokyo Price Index.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Nomura ETF Topix (1306 JP)

PM Abe Facing Erosion of Support from His Party

The opposition parties seem to be losing momentum in pursuing the responsibility of Prime Minister Abe for the cronyism scandal. However, we are...

Takuji Okubo

Abe Government Unlikely to Last Beyond This Summer

Poll results reported by various media this weekend showed that the approval rate for Prime Minister Abe is falling to new lows, raising a...

Takuji Okubo

Japan: Policy Implications from the Document-Tampering Scandal

After the landslide electoral victory in 2017, it looked certain that Prime Minister Abe would stay on for a few more years. A new development in a...

Takuji Okubo

The Rise of Foreign Workers in Japan

Until recently, foreign workers were not of macroeconomic concern as the number was too small. As foreign workers now account for 2% of the total...

Takuji Okubo

Kuroda's Next 5 Years (Part 2): Prepare to Ease Again

What could the Bank of Japan do if it is to face a recession? This question is the foremost critical challenge for Mr. Kuroda in the next five...

Takuji Okubo

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)