Greenhouse Gas Reduction as a Key to National Competitiveness in the Era of Digitization[Sayuri Shirai-HIC]

Amid global average temperatures reaching record highs and remaining at unprecedented levels, the 29th Conference of the Parties (COP 29) was held this November in Baku, Azerbaijan. The conference featured extensive discussions on measures to curb the progression of global warming and strategies to adapt to its unexpectedly rapid warming pace. Tensions are mounting between developed nations, which industrialized early by consuming fossil fuels and have now become high-income countries, and devel

2024.12.12 11:45

How Will the U.S. Rate-Cutting Cycle Affect Japan and Asia?[Sayuri Shirai - HIC]

A U.S. dollar bill is seen in front of the stock price graph.[ REUTERS]A screen on the trading floor at The New York Stock Exchange (NYSE) display a news conference with Federal Reserve Chair Jerome Powell following the Federal Reserve rate announcement, in New York City, U.S., September 18, 2024. The Federal Reserve cut interest rates by half of a percentage point on Wednesday, kicking off what is expected to be a steady easing of monetary policy with a larger-than-usual reduction in borrowing

2024.10.08 11:17

Why Does Japan Remain Cash-Centric Society? [Sayuri Shirai - HIC]

Last month, three types of banknotes―10,000 yen, 5,000 yen, and 1,000 yen―were issued in Japan with new portraits and designs. The issuance of new banknotes is to prevent counterfeiting. Using the same portrait for too long makes it easier to produce counterfeit bills, so changing the portraits, texts, and design while incorporating the latest anti-counterfeiting technologies makes forgery more difficult. This time, a world-first 3D hologram technology has been used, where the portrait appears t

2024.08.16 11:20

Countries‘ Efforts to Promote Corporate Climate Information Disclosure Will Shape Future Capital Inflows in Asia [Sayuri Shirai - HIC]

The pace of global warming has been accelerating beyond expectations. Since 2023, the global average temperature rise relative to the pre-industrial era has already exceeded 1.5 degrees Celsius―the threshold set under the Paris Agreement and emphasized by the Intergovernmental Panel on Climate Change. If such high temperature last for an extended period, it will raise major concerns globally over the failure to meet global targets. The world will then face an accelerated materialization of clima

2024.06.10 11:15

史的な政策 換を行った日本銀行 : なぜ市場は動かなかったのか [Sayuri Shirai - HIC]

이 기사는 해외 석학 기고글 플랫폼 '헤럴드 인사이트 컬렉션'에 게재된 기사입니다. 日本銀行は、本年 3月18～19日に、大きな政策 更に踏み切った。この 更を一言で 明すると、 田東彦 裁時代に 施した大 な金融緩和の仕組みを撤 し、その前の白川方明 裁時代に採用していた 組みに近づけ、複 化した仕組みを簡素化させたのである。 しかし政策 更 容が事前に新聞で報道されたことや米 との金利差を大きく縮めるような 容ではなかったためむしろ ドルで円安が進み、長期金利にもほとんど影響しなかった。 短期金利は正常化を 現 主な 更点は、「長短金利操作（イ ルドカ ブコントロ ル）」を撤 したことだ。長短金利操作とは、短い金利を少しマイナスにし、10年の長期金利を0％程度で最大1％程度までの上昇に抑える 容である。 第一に、短期金利に しては、白川 裁時代の 組みを復活させた。これまでは、日銀 座預金のごく一部に して適用していたマイナス0.1％の金利を 止し、プラス0.1％に一元化した。同時に、政策金利を、日本銀行の 座預金に適用する金利から、インタ バンクマ

2024.04.22 15:26