Should the Bank of Japan Raise Interest Rates?
https://www.project-syndicate.org/commentary/bessent-is-right-to-recommend-higher-interest-rates-in-japan-by-koichi-hamada-2026-07
At the beginning of 2013, when "Abenomics" was rolled out in Japan, the yen was significantly overvalued, and looser monetary policy was badly needed. Today, the opposite is true, indicating that interest-rate hikes may well be the right prescription for Japan.
https://www.project-syndicate.org/commentary/bessent-is-right-to-recommend-higher-interest-rates-in-japan-by-koichi-hamada-2026-07
At the beginning of 2013, when "Abenomics" was rolled out in Japan, the yen was significantly overvalued, and looser monetary policy was badly needed. Today, the opposite is true, indicating that interest-rate hikes may well be the right prescription for Japan.