Associate Economist, Japan Macro Advisors

Monali Samaddar

Associate 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">The non-food bank credit (NFBC) has seen a recovery since May 2017, while the squeeze on credit to industry seems to fade. However, these numbers need to be taken with a pinch of salt.  In our view and in light of recent developments (following PNB Scam), it seems that things will worsen a little more before they start to become better.</div>Credit growth yet to see a strong revivalNFBC growth extended by the scheduled commercial banks reached an all-time low of 3.3% year on year (YoY) towards the…

The non-food bank credit (NFBC) has seen a recovery since May 2017, while the squeeze on credit to industry seems to fade. However, these numbers need to be taken with a pinch of salt.  In our view and in light of recent developments (following PNB Scam), it seems that things will worsen a little more before they start to become better.Credit growth yet to see a strong revivalNFBC growth extended by the scheduled commercial banks reached an all-time low of 3.3% year on year (YoY) towards the…

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