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How Can Japan Grow?

July 11, 2024 Miguel Masaru Kitamura

Japanse real GDP is growing at a modest rate, which is remarkable in light of a huge share of older…

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Posted in: Government, Society

Nikkei Surge and BOJ Money Supply

February 20, 2024 Miguel Masaru Kitamura

Or how Abenomics played out. When Shinzo Abe launched Abenomics, or “extra dimentional” monetary expansion in 2012, expectations were high…

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Posted in: Government, Society

Japanese Libility Insurance: Collusion and Moral Hazard #3

October 11, 2023 Miguel Masaru Kitamura

The resignation of Sompo Japan CEO was not surprising in light of the insurer’s dubious relationship with Big Motor, the…

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Posted in: Government, Society

Japanese Liability Insurance: Collusion and Moral Hazard #2

September 21, 2023 Miguel Masaru Kitamura

Let’s discuss the Japanese insurers’ payoffs using an Ellsberg matrix. Figure 1 shows payoffs of Sompo Japan (upper right of…

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Posted in: Government, Society

Japanese Liability Insurance: Collusion and Moral Hazard #1

September 14, 2023 Miguel Masaru Kitamura

Quite a few car liability insurance holders complain that their insurer suggests a “compromise” even when the driver is not…

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Posted in: Government, Society

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