Gu Chaoming

Book Escape from Balance Sheet Recession and QE Traps: The Dangerous Path to the World Economy: The Causes of Balance Sheet Recession, Countermeasures, Holy Grail of Political Macroeconomics - Lessons from the Great Depression in Japan - Koo Chaoming is the Chief Economist of Nomura Institute, a research institution under Nomura Securities, a leading securities firm in Japan. He is responsible for providing independent economic and market analysis for Nomura Securities and its clients. Gu Chaoming is a US citizen who joined the Nomura Institute in 1984. Prior to this, he served as an economist at the Federal Reserve Bank of New York from 1981 to 84 and received honorary doctorate membership from the Federal Reserve Board of Governors from 1979 to 81. In addition to conducting financial market research, he also provided advice to successive Japanese Prime Ministers on how to respond to Japan's economic and banking issues. As a Taiwanese American, Gu Chaoming was the first non Japanese person to participate in the formulation of Japan's five-year economic plan and the only non Japanese member of the Defense Strategy Research Association of the Japanese Ministry of Defense from 1999 to 2011. Currently, he serves as a senior advisor to the Center for Strategic and International Studies in Washington, D.C. He is also a member of the advisory board of the New Economic Thinking Institute, NYC, and a regularly invited writer for The Economist. He has written many books on the Japanese economy, and his latest work, The Holy Grail of Macroeconomics - The Lessons of the Great Depression in Japan - John Wiley and Son, has been translated into four languages for sale in 2008. Mr. Gu Chaoming holds a Bachelor's degree in Political Science and Economics from the University of California, Berkeley in 1976 and a Master's degree in Economics from Johns Hopkins University in 1979. From 1998 to 2010, Mr. Gu was a visiting professor at Waseda University in Tokyo. In the financial industry, Mr. Koo Chaoming was ranked as the top 100 Japanese economists on the Nikkei List in 1995, 1996, and 1997. Institutional Investor Magazine also gave him the same evaluation in 1998. He ranked first in the Nikkei Bond and Currency Communications in 1998, 1999, and 2000. In 2001, he was awarded the Abramson Award by the National Association of Business Economics in Washington, D.C. Mr. Gu Chaoming was born and raised in Kobe, Japan, married and has two children.