The Japanese economy has suffered from deflation since the mid-1990s. Despite the importance of overcoming deflation for policymakers and academics in Japan, there has been no recent research on what changes deflationary expectations in Japan. This study emphasizes fact-finding from a unique and...

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 purpose of this paper is to identify empirically the factors that have promoted or restrained the economic growth in developing countries, based on the well-known growth model called the two-gap model. The authors apply vector autoregressive (VAR) analysis to nine developing countries, to...

Considering the huge amount of debt, the Japanese government can no longer delay any fiscal reforms. Moreover, in order to cope with aging society, the Japanese government should carry out fundamental reforms in social security systems. So it is required to reveal how much reforms would improve...

Two Widely-used seasonal adjustment programs are U.S.Census Bureau's X-12-ARIMA and TRAMO-SEATS written b V.Gomez and A.Maravall. The program TRAMO-SEATS, in particular, has beenattracting a considerable attention of researchers concerned with seasonal adjustment in Europe. X-12-ARIMA and...

This paper evaluates the quality and efficiency of the at-home long-term care market in Japan, a market in which for-profit enterprises were allowed to enter after the introduction of the long-term care insurance in Spring of 2000. We take advantage of data from a unique self-conducted survey to...

This paper describes the basic structure and multipliers of the 2015 version of The ESRI Short-Run Macroeconometric Model of the Japanese Economy, which was first released in 1998. The model is basically a demand-oriented, traditional Keynesian model with IS-LM-BP framework; however, it adopts...

This study analyzes the educational achievement of immigrant children in Japan. Since foreign migrants began to enter Japan in large numbers in the early 1990s, their children, or the second generation born or raised in Japan, have largely come of age. A growing number of studies have pointed...

This study analyzes a panel of nearly 800 deposit-taking institutions in Japan during the period from March 1992 to March 2003. We are concerned with two questions that are relevant to the design of a new regulatory framework for Japanese banking: 1) whether depositors respond to bank risks as...

The purpose of this study is to investigate how corporate reforms in organizational structures and human resource management affect the effective use of information technology based on the nation-wide survey data from 3141 firms. Multiple comparison analysis revealed four observations. First,...