The Great Dialogue

22 October, 06:00 - 08:45 BST

A Nikkei–Financial Times Symposium

Held in Tokyo on 22 October 2025, The Great Dialogue marked the 10th anniversary of the Nikkei–Financial Times partnership with a high-level symposium exploring economic transformation and the role of journalism in a polarised world.

In the first session, Haruhiko Kuroda, former Governor of the Bank of Japan, and Martin Wolf, Chief Economics Commentator at the Financial Times, reflected on the structural shifts reshaping the global economy. They addressed the long-term impact of zero-interest rate policies, the shift from monetary to fiscal dominance, and the risks posed by mounting debt levels in major economies.

Kuroda discussed Japan’s unique position — as a country with high debt and low inflation — and shared concerns that future central banks may be pressured into prioritising fiscal stability over inflation control. Both speakers also examined the economic effects of geopolitical fragmentation, with Wolf warning against the inefficiencies of protectionism and supply chain nationalism, and Kuroda calling for more resilient forms of globalisation.

The second session featured Roula Khalaf, Editor of the Financial Times, and Hiroshi Yamazaki, Editor-in-Chief of Nikkei, in conversation about the future of journalism. They discussed how generative AI is already being integrated into newsroom workflows, while also raising concerns about the risks of misinformation and synthetic media.

Khalaf highlighted the role of trusted journalism in a post-truth era and noted the rising importance of editorial judgment in the age of algorithmic content. Both editors agreed that maintaining credibility, global perspective and rigorous standards was more essential than ever in a time of rising nationalism, media consolidation and declining public trust.

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