This paper derives a new monthly index of real economic activity for Japan for the period 1960 to 2013. The index shows a similar behavior to that of the real gross domestic product (GDP). The correlation coefficient based on annual data and quarterly data is 0.94 and 0.90, respectively....

This paper attempts to estimate the quarterly equilibrium exchange rates (EER) of nine Asian currencies (Japan, China, Korea, Hong Kong, Singapore, Thailand, Indonesia, Malaysia, and Philippines) with the Behavioral Equilibrium Exchange Rates (BEER) from 2006 to 2014. The BEER was compared with...

Under a declining population, the engine for economic growth is regarded as broadly defined technical progress or innovation. We demonstrate that the production of goods always follows logistic growth. This simple fact results from the saturation of demand for any existing goods and services....

Under unstable global economic conditions and an increasing competition for customers in the emerging markets of lower income countries, Japanese automotive parts manufacturers and assemblers are striving to minimize their procurement costs to remain competitive. Applying stochastic...

Trans-Pacific competition between Japanese and U.S. industries has provided powerful incentives for mutually beneficial economic cooperation between Japan and the United States. The benefits would be greatly enhanced by the proposed Trans-Pacific Partnership, an international agreement that...

Using the Japan Industrial Productivity (JIP) and the Korea Industrial Productivity (KIP) databases and other primary statistics in Japan and Korea, we estimate intangible investment in Japan and Korea at the industry-level. Comparing our estimates from two-country data, we find that the growth...

Agriculture differs from manufacturing in that leveling the workload is difficult as it deals with animals and plants. We can overcome such difficulties by taking advantage of the Japanese landscape which stretches from south to north with differing altitudes and allows different peak workloads...

Using unique panel data on the temporary movement of Chinese workers to 186 economies during 1992-2012, I investigate the patterns and determinants of labor mobility in the services trade. I estimate a gravity model of labor mobility in two categories, namely, overseas labor services and...

Do legal enforcements for competition policy have differential effects on innovative research and development (R&D) activities? Taking into account both strategic R&D competition between incumbent and entrant, and government's optimal choice of legal schemes, we first present a game-theoretic...

In this paper, I will explain the construction and analysis of a database of small- and medium-sized enterprises (SMEs), represented by data from the Credit Risk Database (CRD), and the role of the database as a means to provide financial education to SMEs. Then, to develop "assessment"...