Automobile accidents have kept on increasing year after year in postwar Japan as motorization has continued to progress. Though the annual totals of deaths and injuries reached a peak in 1970 and then started to decline (see Table 1), the National Police Agency reported 7.6 deaths per 100,000 of...

The Japanese public hopes the administration of Junichiro Koizumi remains firmly committed to structural reform of the Japanese economy, and eagerly anticipates the realization of his reform agenda. People are aware of the gross inefficiencies in the public sector as well as the private sector,...

The monetary system of each country has its own institutional characteristics. It may not be useful to apply literally to the monetary system of a country the monetary theory and the policy discussion developed in other countries. At the same time, it may also be inappropriate to deny the...