far the reduction of excess leverage has progressed so far in Japan. Our main findings are as follows. First, the trade …

We investigate causes and consequences of the emerging shareholder hostility in Japan. Steel Partners, an activist …

this relationship. We use micro data for Japan, which has experienced low interest rates for a prolonged period, to …

perspectives, elaborating factors such as liquidity and macroeconomic conditions. First, we attempt to reorganize the variety of … lay out an early warning system (EWS) to predict a financial crisis where the role of capital and liquidity are explicitly … captured. In the EWS, the estimation results confirm two-fold evidence: (i) capital and liquidity are imperfect substitutes for …

In this paper, we assess the effects of fiscal policy in Japan using two dynamic stochastic general equilibrium (DSGE …) models. One is a medium-scale DSGE model of Japan's economy ("M-JEM," Fueki et al., 2010) estimated using Bayesian techniques … to data for Japan and other countries. The government consumption multiplier calculated from the former model is larger …

investigating how the rebalancing of Japan's economic growth mode was realized in the 1970s, we indicate that it is essential in the … to Japan's experience to indicate that achieving domestic rebalancing does not necessarily lead to external rebalancing. …