Richard Koo
Richard Koo is the Chief Economist at Nomura Research Institute, the research arm of Nomura Securities, Tokyo, responsible for providing independent economic and market analysis to clients. Koo is a noted thought leader in economics, best known as the creator of the balance sheet recession theory, an invaluable contribution at explaining post-1990 Japanese and post-2007 Western economies. Prior to joining Nomura in 1984, he was an economist with the Federal Reserve Bank of New York, and a Doctoral Fellow of the Board of Governors of the Federal Reserve System. Throughout his career, Koo has advised several Japanese prime ministers, and numerous Western governments and central banks on economic and banking problems. Koo has been consistently voted as one of the most reliable economists by Japanese capital and financial market participants for nearly a decade.
Richard Koo Professional Experience / Academic History
Professional Experience
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Chief Economist
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Economist
Academic History
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M.A., Economics
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B.A., Political Science and Government
CURRENT AFFILIATIONS
Senior Advisor, Center for Strategic and International Studies Washington, DC
Koo joined the Federal Reserve Bank of New York as an economist in 1981, where he dealt with the Latin American Debt crisis.
He addressed the largest post-war global banking crisis, as the Fed economist in charge of the Euro-dollar syndicated loan market.
EARLY CAREER
Koo is one of the first non-Japanese participants in the crafting of Japan’s five-year economic plan.
He authored many books on the Japanese economy and economics in general.
Before joining Nomura in 1984, he was an economist with the Federal Reserve Bank of New York.
He was a Doctoral Fellow of the Board of Governors of the Federal Reserve System.
From 1998 to 2010, he was a visiting professor at Waseda University in Tokyo.
RECOGNITION
In financial circles, Koo was ranked 1st among over 100 economists covering Japan in the Nikkei Financial Ranking for 1995, 1996 and 1997.
He was ranked 1st by the Institutional Investor magazine for 1998 and was also ranked 1st by Nikkei Newsletter on Bond and Money for 1998, 1999 and 2000.
He was awarded the Abramson Award by the National Association for Business Economics (Washington D.C.) for the year 2001.
MEDIA
Koo is a regular contributor to Economics by Invitation and The Economist.
He has appeared as a guest on Real Vision.