Japan in the World
Biography
NOMURA
Takashi Miwa
Chief Japan Economist
Source: Cabinet Office
Takashi Miwa is the Chief Japan Economist of Nomura Securities Co. Ltd. He provides in-depth analysis
and forecasts of the Japanese economy, based on interregional analysis of the macro economy and
financial market analysis across various asset classes. He has a particular strength in analyzing the
macro economy from legal and administrative perspectives
Since joining Nomura Research Institute in 1990, he has engaged in macroeconomic analysis and
financial market forecasting for various regions. In 1994-96, he moved to the Fixed Income Department of
Nomura Securities and analyzed the macro economy from more market-oriented perspectives while
engaging in forecasting monetary policy and interest rates. He also made feasibility studies and
conducted investment strategy planning with a view to the start of European Monetary Union in 1999
He received his master's degree in Law from the University of Tokyo in 2001 and his bachelor's degree in
Liberal Arts and Science (majoring in Russian culture and society) from the University of Tokyo in 1990.
While in the graduate school of law, he studied contract law, corporate law and bankruptcy law, and made
an analysis of financial contracts and corporate behavior from the perspectives of 'Law and Economics'.
This experience proved useful in analyzing banking behavior, administrative responses and price
reactions of fixed income and other securities during Japan's financial turmoil through 2003 and the global
financial crisis after the collapse of Lehman Brothers in 2008
From 2001, he provided economic analysis and investment ideas for major regional financial institutions
including regional banks in Japan and gained an extremely good reputation among the top management
of those clients. He has also authored several textbooks on economics and finance for beginners that are
popular among university students and young graduates starting careers in financial institutions
He moved to Nomura Securities in 2004. After belonging to the Economic Research, Investment
Research, and Investment Research and Investor Services departments, he took his current position in
May 2016. Since August 2018, he has been serving a dual assignment as head of the Economic
Research Department
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