This paper conducts a survey asking economists, but not specialists of forecasting, to submit their forecasts of real GDP growth and CPI inflation rates for 2007Q4, 2008Q1 and FY 2009, and compares the responses with the corresponding results of the ESP forecasts, a monthly survey of...

This paper examines the economic mobility of foreign migrants in Japan. In a country that is largely regarded as homogeneous and closed to outsiders, how and to what extent do immigrants achieve economic success? A survey conducted by the authors revealed that the conventional assimilationist...

On March 11, 2011, the Great East Japan Earthquake and tsunami hit the Tohoku region of Japan, causing the loss of a great number of lives and property. The earthquake and tsunami also damaged nuclear plants in Fukushima Prefecture, resulting in the release of radioactive substances into the...

Populous countries such as China and India have been developing rapidly and have influenced the world economy at the time of the globalization. What sorts of factors have made those countries achieve high growth? How much influence have they had on developed countries so far? We analyzed these...

I propose new method of measuring the effect of monetary policy on a large number of macroeconomic series by combining dynamic stochastic general equilibrium (DSGE) with a dynamic factor model (DFM) in a data-rich environment including a broad range of useful information for both central banks...

To understand the dynamics of the Chinese economy and Chinese firms, it is important to examine firms' export behaviors, in particular the role of foreign-owned firms in export. This paper investigates entries to and exits from export markets of Chinese firms and the relation between such...

The purpose of this paper is to examine the industry-level impact of investment in information technology. For this purpose we firstly create time series data of IT investment, and consequently, the IT capital stock by 22 industries. Secondly, we estimate two types of production function models...

The purpose of this paper is to review the global discussions on the social-economic impact of ICTs over the last two decades and then to observe how ICTs have been diffusing around the world based on the available long-run dataset. For this purpose, we surveyed major projects conducted by...

This study investigates changes in the contemporary Japanese economics and the effects of macroeconomic policies in the 1990s. We estimate several vector autoregression (VAR) models employing data detrended by different methods. This paper presents three major findings: First, there is a gradual...

This paper explores possibilities and capabilities of the two management styles, there are, lead-control type management style and empowerment one, from the viewpoint of how to create local authority management, on the basis of "the questionnaire survey regarding local authority management"...