Governing Finance for Sustainable Prosperity in Japan
Julia Bingler,
Aziz Durrani and
Matthew Poggi | 28 August 2026
Monetary,
Policy Briefs | Tags:
Central Banks,
Financial Regulation,
Financial Supervision,
Governing Finance,
Japan Japan occupies a singular position in global finance: it is one of the world’s most advanced economies and the one that has most extensively challenged the limits of conventional monetary and fiscal policy
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Bank of Japan Survey Reveals the Fragility of Climate-Risk Pricing
Matthew Poggi | 25 August 2026
Monetary,
Commentary | Tags:
Central Banks,
Governing Finance,
Japan,
Systemic Risks The Bank of Japan’s fifth "Market Functioning Survey concerning Climate Change", released on June 5, found that respondents’ assessment of how well climate-related risks and opportunities are reflected in equity and corporate-bond prices had deteriorated from the previous survey.
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Japan’s GX Wager Will Test Its New Fiscal Doctrine
Matthew Poggi | 16 August 2026
Monetary,
Commentary | Tags:
Energy,
Fiscal Rules,
Industrial Policy,
Japan Japan's Green Transformation strategy aims to reduce energy dependence and support strategic technologies, without compromising fiscal control. The key challenge is ensuring government-backed capital delivers genuine economic and environmental returns ...
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Bank of Japan’s Independence Reinforces Sanaenomics’ Credibility
Matthew Poggi | 29 July 2026
Monetary,
Blog | Tags:
Central Banks,
Governing Finance,
Japan Japan’s annual economic policy blueprint rarely moves markets. This year’s did, even before it was finalised. An early draft of the Sanae Takaichi administration’s ‘Basic Policy on Economic and Fiscal Management and Reform’ placed unprecedented emphasis on the compatibility of Bank of Japan policy with
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Japan Needs a New Framework for a Post-Deflation Economy
Matthew Poggi | 29 April 2026
Monetary,
Blog | Tags:
Central Banks,
Economic Growth,
Governing Finance,
Japan Japan’s policy-makers should reconsider whether the institutional framework governing relations between the government and the Bank of Japan still fits the country’s economic priorities.
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Japan Shifts to a New Fiscal Anchor
Matthew Poggi | 15 April 2026
Fiscal,
Blog | Tags:
Debt,
Fiscal Rules,
Japan Japan is redefining the framework that anchors its public finances. Following the belated approval of the 2026 financial year budget, attention will turn to the Sanae Takaichi administration’s shift from a single-year primary balance target towards a medium-term approach centred on stabilising the debt-to-gross domestic product ratio.
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Governing Finance for Sustainable Prosperity in Japan
5 March 2026 | Tokyo, Japan | Co-hosted with AMRO and SEACEN | By Invitation Monetary,
Roundtables | Tags:
Economic Growth,
Financial Supervision,
Governing Finance,
Japan,
Systemic Risks Welfare and economic growth in Japan depend increasingly depend on the country’s capacity to align economic priorities with the need to address long-term structural transformations. Immediate challenges are deeply interlinked with longer-term shifts, including the digitalization of finance, population ageing, the green transition, and accelerating
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Sanaenomics: Bridging Abenomics and New Capitalism
Matthew Poggi | 5 November 2025
Monetary,
Commentary | Tags:
Economic Growth,
Governing Finance,
Japan Sanae Takaichi begins her tenure as prime minister of Japan with a rare combination of political momentum and market confidence. Her inaugural public-support rating exceeds that of her recent predecessors, and equities have risen nearly 10% since she became leader of the Liberal Democratic Party.
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The Bank of Japan Must Define a Strategy for Its ETF Holdings – Not Just Its Sales
Ken Shibusawa and
Matthew Poggi | 28 October 2025
Monetary,
Commentary | Tags:
Asset Purchases,
Central Banks,
Governing Finance,
Japan The Bank of Japan (BOJ) plans to sell its ETFs at roughly 620 billion yen a year on a market-value basis (330 billion yen on a book-value basis), a time frame under which BOJ Gov. Kazuo Ueda said it would "take more than 100 years"
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Invisible Costs: The Transparency Gap in Japan’s Tax Benefits
Dai Yagihara and
Flurim Aliu | 20 September 2024
Fiscal,
Blog | Tags:
Japan,
Tax Expenditures Tax expenditures include tax credits, exemptions, deductions and other reductions in tax liabilities intended to promote specific policy goals. Japan stands out as one of only two G20 countries, alongside Saudi Arabia, that does not report the cost of such tax benefits in a comprehensive
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