This paper analyzes some of the reasons why Japan's savings rate rose in the 1990s. Both the savings rate and unemployment rate increased in the 1990s, but the growth rate of disposable income decreased in the latter half of the 1990s. The evidence implies that an increase in the savings rate is...

Outstanding of local government bonds in Japan has increased rapidly after the 1990s, and now reached the highest level. It is important to reduce and manage not only the outstanding amount of national government bonds but also local government bonds. We observe that the management system of...

The outstanding of local government bonds in Japan has reached about 200 trillion yen. It is necessary to reduce not only the national government debt but also debts of the local governments to maintain the fiscal sustainability, and to evade financial crisis through rising interest rates of...

The economic damage caused by the Tokyo Inland Earthquake disaster is estimated at 112 trillion yen by the Central Disaster Management Council of Japan. The estimated figure however is surrounded by so much uncertainty that there surely exists a risk of the actual damage caused by an earthquake...