--- The Bank of Japan (BOJ), which had maintained that it would “do anything possible” to achieve the target year-on-year consumer price index increase rate of 2%, decided to adopt a negative interest rate policy.
Ikeo: As BOJ Governor Kuroda Haruhiko said, there are still things the BOJ can do in the area of monetary policies. But that does not mean there are “effective measures” remaining. When I say “effective measures,” I am referring to policy measures that produce results which surpass adverse reactions in their own way and change the economy for the better. Whether the negative interest rate policy falls under this category is open to question. I think the latest BOJ decision actually revealed the limits of monetary policies]]> ... [Read more]

MIURA Sukeyuki: The Kojiki (Records of Ancient Matters) has one distinguishing feature in the fact it includes a mixture of both Southern and Northern style myths. This is proof that Japanese culture was originally not only one culture, but rather came into existence while being influenced by its various surroundings; but when it comes to trying to seek out the origins of that culture, as we would expect, there are limits to how far we can get using only an arts and humanities-based approach. That’s where your (Professor Shinoda’s) area of expertise—molecular anthropology—comes in and corroborates things scientifically for us. By analyzing the DNA remaining in ancient human skeletal remains, your research closing in on the origins of the Japanese people is beginning to unravel when the Jomon and Yayoi peoples and so on came to the Japanese archipelago, where they came from, and ... ... [Read more]

Watching gorillas gives us insight into the future of human society
Fukuoka: Professor Yamagiwa, you were recently appointed president of Kyoto University. I myself too started my gene research at Kyoto University’s Faculty of Agriculture as a junior of yours, but later transferred to Aoyama Gakuin University, and now live life as a researcher in New York. I’m what you might call a kind of stray monkey wandering from troop to troop. I guess that makes you the boss monkey, doesn’t it (laughs)?
Yamagiwa: When you say “boss monkey” I think you’re probably picturing something like a Japanese macaque or other monkey, but actually I’m a gorilla (laughs). ]]> ... [Read more]

--- The parties to the United Nations Framework Convention on Climate Change adopted a new international framework for measures against global warming called the Paris Agreement at their 21st meeting (COP21) held in Paris, France in December 2015. Why is global warming a problem in the first place?
ARIMA Jun: The greenhouse gas (GHG) emissions are continuously increasing, which is causing gradual increase of global average temperature. While there are still some skepticism about global warming, the majority of scientists gathering at the Intergovernmental Panel on Climate Change (IPCC) are of the view that anthropogenic GHG emissions are the cause of global warming.]]> ... [Read more]

<Key points> The real economy’s limited response to monetary policy Views also exist that quantitative easing has limited room for further expansion Agony deepens among central banks as unstable market conditions continue The Bank of Japan blindsided most forecasts and decided to adopt a negative interest rate policy (a policy that sets the interest rate at below zero on current account deposits that banks keep with the BOJ) at its Monetary Policy Meeting on January 29. The context that can be suspected here is the concern, among others, that the economy would struggle further as a result of the great market volatility that has been occurring since the beginning of the year, as the inflation rate did not rise as intended despite the unprecedented quantitative and qualitative monetary easings that were implemented over a period of three years. In fact, expectations of inflation that ... ... [Read more]

On 1 October 1949, Mao Zedong declared the creation of the People’s Republic of China (PRC). The achievement of Mao Zedong as founding father of the PRC is, indeed, great. If we focus attention on this achievement alone, Mao Zedong can be described as “a man of great stature” who deserves to be respected. It should be noted, however, that the PRC is a state that was ultimately created through victory in the Chinese Civil War between the Kuomintang (KMT) forces led by Chiang Kai-shek and forces loyal to the Communist Party of China (CPC) and is not by any means a state created by defeating the Japanese Army in the Sino-Japanese War. The proof of this is that Japan announced defeat on 15 August 1945, but it was 1 October 1949 that the PRC was founded. During this four-year period, the KMT and ... ... [Read more]