Japanese economic activities have generally been stagnant during the last decade in the 1990s, with occasional signs of modest improvement. Among others, one reason of such weak economic developments has been attributed to delay in easing the financial policy. This paper is attempting to provide...

The increase of Japanese real wages in the 1990s has gradually become well-known. This increase was formed by the institutional reduction of contracted labor hours in the early 1990s and by deflation in the 1990s. Quantitative studies on the effect of the increase of wages on real GDP, however,...

There have been various quantitative studies both at home and abroad on the economic impact of an ageing population using an Overlapping Generations (OLG) simulation model initiated by Auerbach and Kotlikoff in 1983. The purpose of this paper is to survey the OLG models in the past...

The quality of aid has been a worldwide concern in the wake of September 11, 2001. On the other hand, Japan's massive amount of Official Development Assistance (ODA) to the Asian economies has been questioned by the Japanese people. The main objective of this paper is to overview the...

This paper discusses the relative significance of a Free Trade Area of the Asia-Pacific (FTAAP) at the macro and sectoral levels. The impacts of trade liberalization and facilitation measures in an FTAAP are studied using a Computable General Equilibrium (CGE) model of global trade. The dynamic...