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Akio Egawa

Akio Egawa is a Japanese citizen and a visiting fellow at Bruegel from 3 June to 7 October 2013.

His research interests include the economic connectivity and income inequality in Asia, and Japanese macroeconomic policies.  His research topic at Bruegel is Japan’s experience of building economic relationship with Asia and its applicability to the EU.

Akio holds a master degree from University of London, SOAS. He worked as a government officer in Economic Planning Agency since 1995, and dealt with coordinating international and bilateral economic consultations, writing annual report on world economy, and coordinating official development assistances. In 2006, he joined the diplomatic mission at the Embassy of Japan in Thailand. After working with Japan’s economic and fiscal policy planning since 2009, he currently serves in National Institute for Research Advancement and is responsible for the research on Japan’s new Asia strategy for a mutual win-win game.

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Blog Post

The Third Arrow of Abenomics: What economic picture will it draw in the middle-term?

The seriousness of Abe cabinet on revitalising Japan’s growth potential should be reassessed, paying close attention to the “bureaucratic wording” used to dress up the strategy’s policy measures, and to other measures suggested by the premier following the election in July.

By: Akio Egawa Topic: Global Economics & Governance Date: August 25, 2014
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Blog Post

Decoded: BRICS

In the near future, the term ‘BRICS’ may become a synonym for countries whose growth rate returned to normal after achieving rapid growth for a certain short period of time.

By: Akio Egawa Topic: Global Economics & Governance Date: February 17, 2014
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Blog Post

TPP participation gives Japan a bargaining chip in trade negotiations

Several important economic partnership agreements have moved into the process of trade negotiations for Japan this year. Although the macroeconomic effects of tariff reduction are not large for Japan, the effects of trade and investment facilitation through the agreements can be substantial. As Japan has a bargaining chip to use in these trade negotiations, there is no need for the country to retreat from the negotiations.

By: Akio Egawa Topic: Global Economics & Governance Date: November 19, 2013
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Working Paper

Will income inequality cause a middle-income trap in Asia?

A middle-income trap could occur not only if there is a delay in shifting the economy toward a productivity-driven structure, but also if there is a worsening of income distribution.We consider this in line with the theories of development economics and through a quantitative analysis.

By: Akio Egawa Topic: Global Economics & Governance Date: October 9, 2013
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Blog Post

Abenomics: Is Shinzo aiming in the right directions?

Japan’s stock markets have seen an unusual fluctuation these weeks. The Nikkei 225 has dropped by 20% after it hit this year’s highest on 23 May. This could be the result either of the adjustment after a sharp stock price rise or of markets’ sceptical reaction to the “three arrows” of “Abenomics” after a first frenzy. Still, the direction of these three arrows deserves a deeper attention.

By: Akio Egawa Topic: Global Economics & Governance Date: July 23, 2013
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Blog Post

Abenomics: Shinzo ready to re-launch 2nd and 3rd arrow after Japanese election?

The government has received a strong electoral mandate to re-launching the two arrows of Abenomics.  The government should not stop but take a sound step for what the premier wants to realise with the re-launched arrows.

By: Akio Egawa Topic: Global Economics & Governance Date: July 23, 2013
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Blog Post

Is Abenomics' success due to weaker YEN/USD exchange rate (as suggested by Big Mac Index)?

The Economist’s Big Mac Index suggests that the yen is undervalued by 30%.  The gap between “implied exchange rate” (local price divided by dollar price in the US) and actual rate is widened from a year before (5.4%). So is the success of Abenomics just due to the weak exchange rate?

By: Akio Egawa Topic: Global Economics & Governance Date: July 23, 2013
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Opinion

EU trade with Myanmar and the grasshopper problem

The European Union’s decision to reinstate Burmese access to the generalised scheme of tariff preferences (GSP) was the right move, because it will both help to pave the way to a highly reciprocal trade relationship with emerging Asia, and will help Myanmar.

By: Akio Egawa Topic: Global Economics & Governance Date: July 9, 2013