Kosuke Takami

Contributor at Nikkei Asia

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Articles

Fed's Harker sees possible '2 to 3' rate cuts ahead this year

Aug 23, 2024 | asia.nikkei.com | Kosuke Takami

JACKSON HOLE, Wyoming -- Patrick Harker, the president of the Federal Reserve Bank of Philadelphia, said Friday that he supports two or three interest rate cuts in 2024, barring any substantial changes to U.S. economic data. Assuming the central bank cuts rates by a quarter of a percentage point each time, "It's somewhere between two and three [cuts]," Harker said. "I'll let the data decide whether it's two this year or three."
Yellen indicates Japan currency intervention isn't problematic manipulation

Jul 26, 2024 | asia.nikkei.com | Kosuke Takami

RIO DE JANEIRO -- Japan's interventions to shore up the yen are different from the deliberate currency weakening that has long been a U.S. concern, U.S. Treasury Secretary Janet Yellen suggested to Nikkei in an exclusive interview. Yellen spoke with Nikkei while in Brazil for a meeting of Group of 20 finance ministers and central bankers.
IMF's Gita Gopinath: Global trade realignment 'going to last a long time'

Apr 26, 2024 | asia.nikkei.com | Kosuke Takami

WASHINGTON -- Widening rifts in global trade and investment could persist longer than a few years and hurt the world's ability to handle inflation and other challenges, the International Monetary Fund's Gita Gopinath told Nikkei recently.
Squeezed by strong dollar, BOJ watches yen ahead of policy meeting

Apr 19, 2024 | asia.nikkei.com | Juntaro Arai |Kosuke Takami |Yumiko Oshima

WASHINGTON/TOKYO -- A yen sell-off and its effect on inflation loom large over the Bank of Japan less than a week before its first policy board meeting since ending negative interest rates in March. The central bank has signaled that it will weigh the impact of its first rate hike in 17 years and wage trends before making further policy changes.
Global central bank balance sheets remain at 80% of the peak

Mar 21, 2024 | asia.nikkei.com | Kosuke Takami

WASHINGTON -- Assets held at central banks in Japan, the U.S. and Europe remain at 80% of their peak, demonstrating how funds pumped into the markets in pandemic-era quantitative easing continue to support global equities. The U.S. Federal Reserve on Wednesday reiterated its forecast of cutting rates three times by year end while signaling plans to slow quantitative tapering soon to prevent market disruptions.
Seizing Russian assets to aid Ukraine sets bad precedent, professor says

Mar 9, 2024 | asia.nikkei.com | Kosuke Takami

WASHINGTON -- With the war in Ukraine now in its third year, Group of Seven countries are weighing more aggressive sanctions against Russia to weaken Moscow's ability to finance the invasion. But Nicholas Mulder, assistant professor at Cornell University in the U.S. who has extensive knowledge of the history of sanctions, warned that there are risks that come with measures like confiscating frozen assets in an interview with Nikkei.
Cracks in G20 let Russia grow trade with China and India

Feb 29, 2024 | asia.nikkei.com | Shiori Goso |Kosuke Takami |Akira Yamashita

SAO PAULO/LONDON -- As Group of 20 finance ministers meet in Brazil, divisions within the G20 have allowed Russia to maintain a high level of economic growth since its invasion of Ukraine by trading with China, India and other members. Russia's real gross domestic product rose 3.6% in 2023 by an official preliminary estimate.
AI 'work-free society' may not be happier, says Banerjee of MIT

Feb 3, 2024 | asia.nikkei.com | Kosuke Takami

CAMBRIDGE, Massachusetts -- Can technological advances make people happier when income inequality and low growth are already growing problems in developed countries?
U.S. will focus on preventing escalation with China in 2024: Yellen

Dec 14, 2023 | asia.nikkei.com | Kosuke Takami

WASHINGTON -- The U.S. will continue to manage a challenging economic relationship with China next year through "durable" communication and prevent tensions from escalating, Treasury Secretary Janet Yellen says in a prepared policy speech.
U.S. to 'most likely' avoid recession, ex-St. Louis Fed's Bullard says

Nov 17, 2023 | asia.nikkei.com | Kosuke Takami

WASHINGTON -- Continued growth is the "most likely scenario" for the U.S. economy, according to former Federal Reserve Bank of St. Louis President James Bullard, downplaying concerns that higher interest rates could trigger a recession. "The U.S. economy has shown a lot of resilience," Bullard, who stepped down as head of the St. Louis Fed in August and is now dean of the Mitchell E. Daniels, Jr. School of Business at Purdue University, said in an interview with Nikkei.