On Friday, October 9th, an NHK World Japan News segment exploring the possibility of a universal basic income system in Japan featured Dr. Yutaka Harada of NUCB Business School as an expert on the economics of government policy.
The author of numerous books on economics and a book on the subject of basic income specifically, Dr. Harada critiqued the existing social security safety net in Japan and argued that a universal basic income policy would not only be a viable alternative to existing income programs, but a more efficient one, as well. He went on to explain how a universal basic income system could be implemented without modification of budgetary allocations to medical subsidy programs by targeting income subsidy programs, alluding to a study finding that welfare recipients in Japan only account for 1% of those eligible to receive it.
▼ Link to watch the NHK World Japan segment
Prof. Yutaka Harada Biography:
Dr. Yutaka Harada has served as Chief Economist of the National Life Research Division of the National Life Bureau of the Agency, Director of the Overseas Research Division of the Research Bureau, Deputy Director of the Institute of Financial Policy Research for the Ministry of Finance, and Chief Economist of Daiwa Institute of Research Ltd. He received the 29th Ishibashi Tanzan Award for his work Principles of Japan (2007) in 2008, and in 2004, the 47th Nikkei Economic Book Culture Award for Study of the Showa Crisis (2004).
Academic Background: Graduated from the Department of Agricultural Economics, Faculty of Agriculture, University of Tokyo in 1974. Completed the master's program in economics at the University of Hawaii in 1979, and obtained his doctorate in economics at Gakushuin University in 2012.
Specialized Field: Economics