The money multiplier is in a continuous downward trend now since the bubble burst, and, in addition, the trend has accelerated after 2000. It is said that the monetary policy is difficult because the money multiplier has declined. To think about the monetary policy for the future, we should...

As the household sector as a whole is very heterogeneous economically and socially, it is necessary to separate more homogeneous groups within the sector (United Nations et al. "System of National Accounts 1993"19.9). In this paper by sub-sectors of households according to size of income and net...

1 Motivation The main theme of this research is to examine empirically where the source of search friction exists in Japanese labor market. There has been a new influential theory called "endogenous matching function", which regards matching efficiency to be determined through interdependency...

Percutaneous Transluminal Coronary Angioplasty, henceforth (PTCA) for patients with acute myocardial infarction (AMI)-a high-tech treatment-is more frequently used in Japan than in other developed countries. This paper adopts the two-phase model to examine whether the high PTCA use is driven by...

In the USA and Europe, the corporate scandals such as the Enron case became a big social issues in the year 2000.The situation was very similar even in Japan where since around the same time the scandals of one of the leading Japanese companies emerged one after another in such ways as selling...

1. Purpose of the study The decline in the credit multiplier during the 1990s in Japan is an important factor in explaining the persistent recession during this period. To clarify the cause of the decline in the credit multiplier is also useful in determining the causes of the deflation. In this...

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...

This paper investigates determinants and impacts of R&D activities in overseas subsidiaries, using .rm-level panel data for Japanese multinational enterprises. We distinguish between overseas innovative and adaptive R&D according to survey responses and .nd substantial di.erences between the two...

Telework comprises work forms and styles free from the restraints of time and space. It utilizes information and communication technologies, such as, e-mail, the Internet, the Intranet, and data transmission. This study analyzes and clarifies differences between those who perform Telework and...

Japan's GDP deflator continues to fall. Deviations from other price indices are also seen. Consumer Price Index and Corporate Goods Price Index measure the price trend of the goods and service. On the contrary, GDP deflator is characterized by deflator of value- added. System of National...