Confidential documents which became public through civil litigation discovery in the late 1990s reveal that, ten years after the Watergate and Lockheed scandals and just five years after the enactment of the U.S. Foreign Corrupt Practices Act, the senior-most executives of the Brown and...

Tobacco policy initiatives in Japan run in opposing directions. One stronger line is represented by industrial policy promoted established by law and overseen by the nation’s Ministry of Finance. A weaker line, lacking vigorous statutory underpinnings, emerges through administrative tobacco...

From a tobacco control law and policy perspective, Japan has been doing it all wrong. Or so it might seem. At the very least, tobacco control activists in Japan have had few successes obtaining the standard run of law and policy measures -- mandatory smoke-free workplace laws, substantial tax...

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects originating from one of the three currency areas and...

There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business-cycle features and examine the case for a common...