Outstanding of local government bonds in Japan has increased rapidly after the 1990s, and now reached the highest level. It is important to reduce and manage not only the outstanding amount of national government bonds but also local government bonds. We observe that the management system of...

The economic damage caused by the Tokyo Inland Earthquake disaster is estimated at 112 trillion yen by the Central Disaster Management Council of Japan. The estimated figure however is surrounded by so much uncertainty that there surely exists a risk of the actual damage caused by an earthquake...

This paper analyzes some of the reasons why Japan's savings rate rose in the 1990s. Both the savings rate and unemployment rate increased in the 1990s, but the growth rate of disposable income decreased in the latter half of the 1990s. The evidence implies that an increase in the savings rate is...

The incidence of corporate income tax is both an old and a new problem in public economics. In this paper, we utilize the dynamic general equilibrium model to analyze the incidence of the burden of corporate income tax and explain the intertemporal incidence. By building a dynamic macroeconomic...

Amid increasing concern over the sustainability of Japan's public debt, Christian Broda and David E. Weinstein presented a paper (2005), arguing that Japan's public debt levels are sustainable. They make estimates based on simple accounting calculations of data from Japan's System of National...

The paper aims at quantifying the higher-order expectations that Keynes (1936) compared to the beauty contest, applying a measure of relative entropy to the Japanese ESP Forecast Survey data during the deflationary period. We conclude that during the deflationary period from June 2009 to April...

This paper examines the factors that lie behind the couples' declining number of children and desire for children, associating among living environment, economic situation, and husband and wife’s consciousness and sense of value. Data for this paper was compiled through a web-based...

Being healthy is one of the most important factors that affect the degree of human happiness. In an aging society, deaths due to cancer tend to increase. When considering the improvement of wealth of the aging society in Southeast Asia, the international transfer of Japanese R&D results and...