Given the recent theoretical emphasis on firm-level heterogeneity in international trade, we examine the price-setting behaviors of Japanese automobile exporting firms as they correspond with the fluctuations of foreign exchange rates. We do so by employing international trade datasets...

This paper pinpoints the impact of Japanese electronic machinery FDIs on productivity at home. Our analysis is based on the activity level of firms and not on their ready-made level. For example, if a firm has more than two kinds of activities such as upstream activity and downstream activity,...

This paper empirically explores the reason why a recent surge of foreign direct investment (FDI) to developing countries has been mainly driven by less productive firms. To this end, we present a simple model of FDI with vertical division of labor in a heterogeneous firm framework. From a...

This paper pinpoints the impact of Japanese electronic machinery FDIs on productivity at home. Our analysis is based on the activity level of firms and not on their ready-made level. For example, if a firm has more than two kinds of activities such as upstream activity and downstream activity,...

This paper attempts to clarify the reasons for the rapid growth of FDI in developing countries, particularly East Asian countries, compared with that of FDI to developed countries. To do this, we will examine the mechanics of HFDI and VFDI with shedding light on the role of trade costs. Our...

This paper examines productivity analysis - using firm and business level data, which has rapidly become popular in recent years - from the perspective of three influential factors, namely, entry and exit, globalization, and innovation and systemic reform. It also examines technical aspects,...

This paper conducts an econometric examination on changes in foreign exchange policies of China and Asia before and after China's policy changes in July 2005. Foreign exchange policies in China and Asia are an important component of global issues connected with international finance. Before July...

This paper analyzes the bank restructuring process in Malaysia from the currency crisis of 1997 to present. Even though the banking sector in Malaysia had relatively lower NPLs compared to other Asian countries, financial sector suffered financial crisis and various problems emerged. This paper...

This paper analyzes the Korean bank restructuring process that started in the wake of its currency crisis of 1997. Korea suffered a heavy currency crisis that was accompanied, if not caused, by acute shortage of dollar liquidity of Korean banks. The currency crisis was essentially banking...

This publication is in Japanese. Neither an English translation of the publication nor an English abstract is available.