Risks in the Global Economy: Analysis and Policy Research Unit

Established : Feb. 9, 2017



The Unit aims to propose policies to contain risks in the global economy, with special attention to Japan. A particular concern is the recent surge of protectionism worldwide, especially in advanced countries.

After the global financial crisis, protectionist policies have been advocated by populists, whose agenda is now backed by people unsatisfied with the current economic situation—e.g., slow economic growth, worsened fiscal conditions, and widened income inequality. Accordingly, policy recommendations need to be based on a solid understanding of these problems, together with even deeper structural issues such as population ageing.

Research topics

To achieve the objective, the unit investigates several specific areas through rigorous analyses by academic researchers combined with seasoned practitioners’ real-world experiences. The research topics include:

  • Global financial crisis and protectionism
    • Global financial system and policies
    • International trade and capital flows
  • Slow economic growth
    • Population ageing
    • Productivity growth
  • Inequality
  • Fiscal crisis
    • Population ageing
    • Social security
      • Pension system
      • Medical insurance
      • Welfare assistance


Kenichi Ueda, Associate Professor, Faculty of Economics, Graduate School of Public Policy, Graduate School of Economics


Naoyuki Shinohara, Professor, Policy Alternative Research Institute
Yo Takeuchi, Adjunct Professor, Policy Alternative Research Institute