Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "Does Japan Vindicate Modern Monetary Theory?" The article discusses how the Japanese government has amassed more and more debt without triggering higher borrowing costs or inflation and how Japanese leaders should start thinking about the country's huge stock of debts.
Mentioned Faculty
Takatoshi Ito
Takatoshi Ito is one of Japan premier economists. A professor at the prestigious University of Tokyo, he is the author or co-author of several books on the Japanese and global economy. He served in the Japanese government as Deputy Vice Minister for International Finance in the Ministry of Finance and was a member of Japan’s Council on Economic and Fiscal Policy. He has been a senior advisor in the research department of the International Monetary Fund and has taught at Harvard University and the University of Minnesota.