Sayuri Shirai
Book notes: The crisis of democratic capitalism, by Martin Wolf
A sincere attempt to explain and fix the failing of capitalism in liberal democracies
Economy’s ‘first responders’ now in the line of fire
Forceful but late interventions to combat inflation raise the risk of central bank overreactions
CBDC launch still on the table, BoJ says
Senior official dismisses media reports on cancellation of CBDC plans
The Bank of Japan must adjust its monetary policy
Sayuri Shirai says the central bank needs to make its policy more sustainable
Policy responses to Covid-19
The coronavirus outbreak poses a real threat to the global economy
The future of balance sheet policies
What tactics will central banks deploy?
BoJ must normalise policy to cope with ageing population – former official
Japanese firms face labour shortages and limited ability to raise prices- Shirai
What next for the BoJ’s unprecedented ETF experiment?
Exiting the policy may prove extremely challenging, says Sayuri Shirai
A mere tweak or a step toward normalisation?
Sayuri Shirai says the BoJ has controlled market expectations while still opening the door to normalisation
Productivity puzzles and the neutral rate of interest
Monetary policy frameworks come under pressure
Japan’s ineffective efforts at monetary easing
The failings appear to be related to effectiveness, rather than scale
The BoJ’s exit policy and balance sheet risks
Meticulous sequencing of events needed to ensure sustainability
BoJ ups asset purchases to curb bond market pressure
The Bank of Japan has increased the size of JGB purchase operations
Tackling the ‘human agency’ problem
Central banks are readying themselves to face down assault by populists
The BoJ’s risky yield curve control experiment
Current objectives are muddled, writes former policy board member
BoJ should provide ‘more realistic’ projections – former policy board member
Claims constant overestimation of inflation expectations undermines credibility
Shirai urges BoJ to change course
Former policy board member recommends policy rethink
People: Shirai begins new chapter at Keio University; Sibley named as Irish director of credit institutions
After five years on the BoJ policy board, Shirai returns to academia
Central banks struggle to manage price expectations
What can policy-makers do to revive inflation expectations?
High expectations could be holding Japanese inflation down, Shirai warns
High household inflation expectations are a factor holding down actual inflation
BoJ’s Shirai explains why negative rates fit Europe better than Japan
Policy board member Sayuri Shirai says impact of rates varies according to market structure
BoJ’s Shirai: households sceptical of need for 2% inflation
Board member says better communication needed
Shirai calls for mechanisms to manage policy conflict
Correct balance between two main policy tools ‘an open question’, says BoJ official