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Nov 7, 2024 | 
fairfieldsuntimes.com | Richard Katz
In the wake of the presidential election, it’s more important than ever that California lead the way on climate protections. To confront this reality, the California Air Resources Board (CARB) has a critical decision to make: passing a stronger Low Carbon Fuel Standard (LCFS). This standard offers an opportunity for California to significantly reduce greenhouse gas emissions from one of its largest sources: transportation.
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Jul 31, 2024 | 
toyokeizai.net | Richard Katz
At Nippon Steel’s recent annual meeting, executives minimized the political obstacles to its purchase of US Steel.
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Jul 23, 2024 | 
toyokeizai.net | Richard Katz
Japan’s economy is in for a big “Trump Shock” if Donald Trump returns to the White House. Delicate global supply chains and demand for Japanese exports will both be seriously disrupted by his plan to impose an across-the-board 10% tariff on all imports and 60% on imports from China.
At the same time, Trump’s inflationary policies— additional big tax cuts and tariffs—will compel the Federal Reserve to impose higher interest rates than it now intends.
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Jul 4, 2024 | 
asia.nikkei.com | Richard Katz
The below article is adapted from Katz's new book, "The Contest for Japan's Economic Future: Entrepreneurs vs. Corporate Giants"
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Jul 4, 2024 | 
qoshe.com | Richard Katz
Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.
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Jul 2, 2024 | 
piie.com | Nicolas Véron |Toshiyuki Miyoshi |Richard Katz
Japan’s financial system plays a significant role in the changing regional environment of East Asia. Its banking sector remains the world’s fourth largest by total assets behind China, the euro area, and the United States. This session of Financial Statements reviews current developments and prospects.
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Jun 15, 2024 | 
richardkatz.substack.com | Richard Katz
Source: https://ourworldindata.org/battery-price-declineNotes: The logarithmic vertical scale shows each halving of the lithium-ion battery price per kilowatt-hour through 2018; Bloomberg projects a further decline to $113 by 2025 In dealing with the causes of Japan’s declining trend in commercial innovation, it’s necessary to first dispel a widely-repeated cultural myth: that “the Japanese” are only good at incremental innovation, not big breakthroughs, and that “they” mostly focus on...
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May 1, 2024 | 
toyokeizai.net | Richard Katz
“Free Fall,” “Currency Crisis,” “Economic Collapse.” These are the alarmist terms being thrown about in light of the yen’s abrupt fall to ¥160/$.
The alarm intensified when currency intervention estimated at 1% of GDP failed to do more than arrest the weakening.
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Apr 14, 2024 | 
eastasiaforum.org | Masahiko Takeda |Ayaka Hiraki |Yasuo Takao |Richard Katz
Until recently the Japanese yen was a safe haven currency. When shocks like Brexit hit the global market, Japanese investors — the apocryphal Mrs Watanabe retail investors — brought their savings back to Japan. When there was global uncertainty, the yen strengthened, making Japanese exports less competitive. That was despite three decades of low economic growth and structural headwinds like a shrinking and ageing population. The yen is now the weakest it’s been against the US dollar since 1990.
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Apr 14, 2024 | 
eastasiaforum.org | Masahiko Takeda |Ayaka Hiraki |Yasuo Takao |Richard Katz
Last month, the Bank of Japan (BOJ) took its first step in the ‘normalisation’ of monetary policy. It raised the Bank’s short-term policy interest rate from negative 0.1 per cent to 0–0.1 per cent and ceased most of its unconventional quantitative and qualitative easing (QQE) measures. Lifting interest rates even by a miniscule 10 basis points certainly heralded a new era in Japanese monetary policy, as policy shifted in the direction of tightening credit for the first time in seventeen years.
