Japan Economist, Japan Macro Advisors

Takuji Okubo

Takuji is the Managing Director and Chief Economist of Japan Macro Advisors, an independent macro-research house, specializing in the analysis of the Japanese economy and its public policies. He is also the Director of Japan Risk Forum, an association of Chief Risk Officers of Japanese financial institutions.

Japan Economist

Japanese Big-Cap Banks – Rates Story Takes Centre Stage, Along with Banks’ JGB Exposure

Kyoto Financial Group (5844 JP) – Limited Shareholdings Unwind, for Now

Mizuho Cross-Shareholding - US$11bn of Cross-Shareholding, with at Least US$2bn to Sell over FY24-26

Concise and Insightful Analysis on Japan Economy

Japan Macro Advisors

Our mission is to provide a concise and timely analysis on the Japanese economy for the benefit of global audiences. Communication, especially in foreign languages, has always been a weakness for the Japanese, which was fine when Japan's economic might attracted foreign media and various other institutions to study and report on Japan - such days are long gone. In the last two decades, we saw foreign institutions reallocating their resources from Japan to other more exciting parts of the world. As a result, when we read reporting on Japan in foreign media, we sense a subtle but noticeable decline in the depth of understanding what is actually happening in Japan.

Macroeconomics

<ul>
<li>A surprise rate hike proposals from two BoJ policy board members</li>
<li>Governor Ueda and Vice Governor Himino are taking cautious stances incompatible with a hear term rate hike</li>
<li>January 2026 seems the earliest window for the next hike</li>
</ul>


A surprise rate hike proposals from two BoJ policy board members
Governor Ueda and Vice Governor Himino are taking cautious stances incompatible with a hear term rate hike
January 2026 seems the earliest window for the next hike


BoJ: Do Not Be Misled by Dissent Votes