【「日銀は債務超過にならない」は真実ではない】日米金利差と円安の知られざる関係｜海外投資家が日本の「短期国債」を買うワケ｜「日銀が赤字になる」は余計な心配？｜日銀の陥った“財政従属”【河村小百合】

★Please subscribe to our channel and give us a thumbs up!★    / @bungeishunju   Part 1:    • 【財政再建から逃げ続ける国】3兆円補正予算、「国債市場に影響ない」は本当か｜国債市中...   "Unsustainable Public Finances" (by Sayuri Kawamura) https://amzn.asia/d/01GK6h5F "The Bank of Japan: The Crisis Facing Our Country" (by Sayuri Kawamura) https://amzn.asia/d/0cy5v13u 〈Program Overview〉 +RONTEN's theme this time is "Interest Rate Hikes, Supplementary Budgets... Is Japan's Public Finance Unsustainable?". Our guest is Sayuri Kawamura, Chief Researcher at the Japan Research Institute. Ms. Kawamura co-authored "Unsustainable Public Finances" with Ryoji Fujii, published by Kodansha Gendai Shinsho in January of last year. The book describes Japan as "a country that continues to run away from fiscal reconstruction," but the Takaichi administration has advocated "responsible expansionary fiscal policy," and just recently passed a supplementary budget of 3.1135 trillion yen for fiscal year 2026. Furthermore, the Takaichi administration has announced that a stable decline in the debt-to-GDP ratio will be positioned at the core of its goals. With the Japanese economy caught between the situation in Iran and rising interest rates, where is this country's fiscal policy headed? We asked Mr. Kawamura. 〈Table of Contents〉 0:00 Opening 0:57 Exit Strategy the Bank of Japan Should Implement 11:51 On Former Bank of Japan Governor Kuroda's Remarks 16:42 The Merits and Demerits of the Expanding Expansionary Fiscal Policy 19:40 Fiscal Crisis Despite Having Money Domestically 24:13 What is the First Step for Japan to Improve its Fiscal Balance? Guests Sayuri Kawamura | Principal Research Fellow, Japan Research Institute Graduated from Kyoto University Faculty of Law in 1988 and joined the Bank of Japan. Joined Japan Research Institute, Ltd. in 1991. Became a Senior Research Fellow in 2001, a Senior Principal Research Fellow in 2014, and has held her current position since 2019. Her publications include "The Bank of Japan: The Crisis Facing Our Country" and "Unsustainable Public Finance" (both published by Kodansha Gendai Shinsho). MC Gen Murai | Editor-in-Chief, Bungei Shunju PLUS Born in Inagi City, Tokyo in 1988. Joined Bungei Shunju Ltd. in April 2011 and was assigned to the "Shukan Bunshun" editorial department. Became a "Shukan Bunshun" editorial department member in July 2015. Became a "Shukan Bunshun digital" project manager in July 2019. Became a desk editor for the "Shukan Bunshun Digital Edition" in July 2021. She became the "Editor-in-Chief of the Digital Edition" in July 2024, and in December 2024, she was appointed Editor-in-Chief of the video media "Bungei Shunju PLUS". #Fiscal Deficit #Fiscal Crisis #Sayuri Kawamura #Sanae Takaichi #Bank of Japan #Primary Balance #Bungei Shunju PLUS