the United States and Japan. Second, we use tax data to estimate the magnitude of intergenerational transfers. The … intergenerational transfers, an issue of current controversy. In both Japan and the United States, a substantial portion of wealth, and … especially of land in Japan, is bequeathed from one generation to the next …

decisions, and the tax system in the United States and Japan. To investigate this issue, we first document the stylized fact … rate is shown to contribute to a higher aggregate saving rate in Japan compared to the U.S. However, the contribution of … Japan. Finally, tax reform concerning the tax deductibility of mortgage interest payments or the tax exempt status of …

the U.S. and Japan were examined explicitly both with respect to possible major events behind large jumps andthe response …

timings and amounts for Japan, the US, and Germany. Fourth, we present the episode of international coordination represented …

Japan suffered a very high inflation rate in 1973-74. The CPI inflation rate rose to near 30% in 1974, the highest rate … rapid yen appreciation produced political pressure on the Bank of Japan to continue easing. The Bank of Japan came out of … monetary policy should not be overruled or the high inflation would be repeated. By this logic, the Bank of Japan obtained /de …

-term business survey conducted by Bank of Japan), GDP, industrial production (preliminary), PPI, CPI (Tokyo area), the unemployment …