In this paper, I show that Japan will not be able to have a viable banking sector without stopping deflation. The …

Many past studies of relative financing costs in the United States and Japan have relied on interest rates from the … capital controls from financial markets abroad. Interest rates on bank loans, the most important source of financing in Japan …

Japan suggests that foreign firms sell five to six times more in Japan than is commonly believed. Previous studies severely … underestimated the stock of FDI in Japan due to poor data. Second, after finding that even after adjusting for various factors the … level of FDI in Japan is still low, the paper explores explanations for this phenomenon. A second main conclusion is that …

manufacturers, and the fact that some of the most popular Japanese car models are assembled both in Japan and the U.S. We find … evidence that the Japan-assembled cars on average sell for more than those built in the U.S., but the estimated difference is … difference between the Japanese and U.S. built cars. For Hondas and more recent models of Toyotas, the Japan-built cars are no …

We simulate corporate tax reform in a single good, five-region (U.S., Europe, Japan, China, India) model, featuring …

extensive in Japan. In response to a appreciation of the yen, Japanese firms reduce their export prices in yen sharply so as to …