Despite the unique partnership with the USA, Europe needs to reflect on its place in an unstable world. Especially if the US Administration moves towards protectionism, the EU will need to build and deepen relationships with other partners.
Intellectual property (IP) is a cornerstone for incentivising innovation initiatives. It defines a framework within which firms and individuals can produce creations of intellect.
How can Italian banks address the issue of non-perfoming loans? What lessons can they learn from Japan?
For the last few years, Japanese banks have aggressively expanded their assets overseas, which has helped increased their stubbornly low profitability even after the introduction of negative interest rates by BoJ. Such a successful overseas strategy, profitability-wise, may be at risk due to US$ liquidity developments at a global level.
This event is co-organised by Bruegel and the Kobe University Graduate School of Economics.
What’s at stake: This week saw two important Central Banks’ meetings, whose outcomes could hardly be more different. While the U.S. Federal Reserve left interest rates unchanged, the Bank of Japan introduced a big shift in its easing framework. BOJ committed itself to overshoot its inflation target of 2 percent, and introduced a targeting of the yield on ten-year Japanese government debt, initially at about zero percent. We review the economic blogosphere reaction to this latest monetary policy action.
The Japanese government is trying to boost wages, but this is not enough to jumpstart growth. Japan needs to reform its labour market to increase the number of women in the workforce and boost labour productivity.
This is the 3rd conference in a series of events jointly organised by Graduate School of Economics, Kobe University and Bruegel
The Japanese economy is already showing clear signs of renewed weakness.
What’s at stake: U.S. Congressional leaders have recently introduced a bipartisan bill to renew the power of the president to negotiate trade agreements. If the Senate passes the bill, this is expected to inject momentum in regional trade negotiations with both Europe (TTIP) and Asia (TPP).
This paper provides an overview of the Programme for Financial Revival announced in October 2002 in Japan. The programme aimed to dramatically reduce the large amount of non-performing loans that remained until the end of the 1990s.