Aoyama Gakuin University News
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Japanese Prime Minister Shinzo Abe’s plan to beat deflation with money printing by the central bank is bound to fail as the root causes are more structural, said Eisuke Sakakibara, a former Ministry of Finance official.
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It was an elite band of graduate students that in the early 1970s attended intense economics sessions in a small, austerely furnished basement under the 15th-century lodge at All Souls College at the University of Oxford.
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Among the 780,000 people employed in Japan’s auto industry, only three are women responsible for the rollout of new models. They all work at Nissan Motor Co.
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Apple Inc. started selling its new iPad today, betting on a sharper screen and faster chip to extend its lead over Google Inc. and Amazon.com Inc. in the growing market for tablet computers.
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Far from tightening its fiscal belt, Japan should expand the world’s largest debt pile to rekindle economic growth, said Eisuke Sakakibara, a former Ministry of Finance official.
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The euro may lose 20 percent or more against the dollar and fall below 100 yen as concern over Europe’s debt crisis mounts, according to Eisuke Sakakibara, the former Ministry of Finance official known as “Mr. Yen.”
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Japan’s yen may strengthen to as high as 75 per dollar, a former top Finance Ministry official said as policymakers voiced increased concern about the threat the strengthening currency poses to the nation’s economy.
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Naoto Kan , Japan’s first leader in 15 years with no family connection to politics, pledged to draw from his common upbringing to help revive an economy hamstrung by persistent deflation and the world’s biggest public debt .
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Japan’s government will struggle to halt the yen’s advance toward a record high because the U.S. probably won’t support any intervention to weaken it, said Eisuke Sakakibara , formerly Japan’s top currency official.
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Eisuke Sakakibara , formerly Japan’s top currency official, said the yen may rise to a record 79.75 against the U.S. dollar due to concerns over the health of the U.S. economy.
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