Kentaro Koyama of Deutsche Bank Honored with 2024 Forecast Accuracy Award for Japan’s Economic Predictions

Kentaro Koyama of Deutsche Bank Honored with 2024 Forecast Accuracy Award for Japan’s Economic Predictions

(IN BRIEF) Kentaro Koyama, Chief Economist for Japan at Deutsche Securities, has been awarded the 2024 Forecast Accuracy Award for Japan by Consensus Economics. His predictions for Japan’s real GDP growth and inflation were recognized for their exceptional accuracy over a 24-month period. Koyama’s analysis anticipated key shifts in Japan’s economy and helped financial markets prepare for changes in the Bank of Japan’s monetary policy. This achievement highlights Deutsche Securities’ commitment to providing high-quality economic insights.

(PRESS RELEASE) FRANKFURT, 2-Jun-2025 — /EuropaWire/ — Deutsche Securities Inc. is proud to announce that Kentaro Koyama, its Chief Economist for Japan, has been awarded the prestigious 2024 Forecast Accuracy Award for Japan by Consensus Economics, the leading global economic survey organization.

This accolade recognizes Koyama’s exceptional forecasting accuracy in predicting Japan’s real GDP growth and consumer price inflation for 2024. Based on a rigorous 24-month forecasting cycle from January 2023 to December 2024, Koyama’s predictions were found to have the lowest average error rate among hundreds of global economists.

Koyama’s insightful analysis successfully anticipated Japan’s prolonged high inflation, identifying a fundamental shift in the economy. By reassessing established economic factors and moving beyond historical indicators, he provided valuable foresight that helped financial markets prepare for adjustments in the Bank of Japan’s monetary policy, according to Consensus Economics.

“It’s an honor to be recognized by Consensus Economics once again,” Koyama remarked. “In a year marked by global volatility and significant domestic macroeconomic policy shifts, we remained committed to delivering timely and meaningful insights.”

Tamio Honma, Chief Country Officer of Deutsche Bank Group Japan, also praised Koyama’s achievement: “This award underscores the strength and consistency of our research. Kentaro’s accomplishment reflects Deutsche Bank’s commitment to providing high-quality economic forecasting that aids our clients in navigating an increasingly uncertain global environment.”

Consensus Economics conducts monthly surveys of over 1,000 economists worldwide, gathering forecasts on critical macroeconomic indicators. The Forecast Accuracy Awards are based on the analysis of participants’ monthly forecasts for real GDP growth and inflation over a 24-month period, with final results evaluated against official figures released in early 2025.

Deutsche Securities previously received the Forecast Accuracy Award for Japan in 2019.

About Kentaro Koyama

Kentaro Koyama is Chief Economist for Japan at Deutsche Securities in Tokyo, joining in September 2013. He previously worked as an economist at the Bank of Japan and in business strategy and asset management at an American consultancy. Kentaro holds a degree from Kyoto University, a Master’s from University of Tokyo, and has pursued doctoral studies at The University of North Carolina at Chapel Hill.

About Consensus Economics

Consensus Economics, founded in 1989, is the world’s leading international economic survey organisation. Each month, the firm polls more than 1,000 economists to gather up-to-date forecasts and insights. Its surveys cover individual and consensus (mean, high, and low) estimates for key macroeconomic indicators—including GDP growth, inflation, interest rates, and exchange rates—in over 100 countries, along with more than 50 key energy, metal, and agricultural prices. Consensus Economics also maintains the world’s largest and most comprehensive historical macroeconomic forecast database, with over 21 million individual data points.

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SOURCE: Deutsche Bank AG