Richard Koo

Chief Economist
Nomura Research Institute

Richard C. Koo is the Chief Economist of Nomura Research Institute with responsibilities to provide independent economic and market analysis to Nomura Securities, the leading securities house in Japan, and its clients. Consistently voted as one of the most reliable economists by Japanese capital and financial market participants for nearly a decade, he has also advised successive prime ministers on how best to deal with Japan's economic and banking problems. He is also the only non-Japanese member of the Defense Strategy Study Conference of the Japan Ministry of Defense. Prior to joining Nomura, he was an economist with the Federal Reserve Bank of New York, and was a Doctoral Fellow of the Board of Governors of the Federal Reserve System. Author of many books and a visiting professor of Waseda University, he was awarded the Abramson Award by the National Association of Business Economics, Washington, D.C. for 2001. His latest book “The Holy Grail of Macroeconomics - Lessons from Japan’s Great Recession” (John Wiley & Sons, 2008) has been translated into and sold in four different languages. 

My Video Content

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The Inaugural Conference @ King's, Institute for New Economic Thinking, Opening Session Q&A: Where are we now? Debts, Deficits and Global Financial Stability.

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Chief Economist, Nomura Research Institute Speaking at the Opening Session of the Inaugural Conference of the Institute for New Economic Thinking. Richard Koo talks about deficits and what the US, Europe and China post-2008 can learn from Japan 1990-2005.

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Nomura Research Institute's Richard Koo says that what the world is experiencing right now, a "balance sheet recession," is different from traditional recessions. However, Japan recently experienced a similar type of recession, and Koo says we can learn a lot from that country's experiences. Interviewed by Daniel Erasmus at King's College, April 2010.

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On July 22nd, three economists, including Richard Koo, testified before the House Committee on Financial Services. In this video, Koo speaks for about eight minutes, and then later responds to questions from the committee.