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2012-13 Research Papers

The Center produced the following papers in 2012-13:

Working Papers:

WP 304: Nice To Be On the A-List by Yasushi Hamao

WP 305: Uninsurable Risk and the Determination of Real Interest Rates: An Investigation Using UK Indexed Bonds by David Barr, Parantap Basu and Kenji Wada

WP 306: Is Japan Really a “Buy”? The Corporate Governance, Cash Holdings, and Economic Performance of Japanese Companies by Kazuo Kato, Meng Li, and Douglas Skinner

WP 307: How Long Will Japanese Government Bond Prices Remain High? by Takeo Hoshi and Takatoshi Ito

WP 308: Policy Options for Japan's Revival by Takeo Hoshi and Anil Kashyap

WP 309: Turning Japanese? Lessons from Japan’s Lost Decade to the Current Crisis by Masazumi Wakatabe

WP 310: How Much Do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data by Mary Amiti and David E. Weinstein - *updated March 2013*

WP 311: Brides for Sale: Cross-Border Marriages and Female Immigration by Daiji Kawaguchi and Soohyung Lee

WP 312: Japan Post Bank: Problematic Issues by Edward Lincoln

WP 313: Syncretism: The Politics of Japan's Financial Reforms by Kenji Kushida and Kay Shimizu

WP 314: Monetary Policy and Transmission of Bubbles by Masaya Sakuragawa and Naoki Shinada

WP 315: Killing Two Birds With One Stone: Board Reforms in the Japanese Electronics Industry by Christina Ahmadjian and Toru Yoshikawa

WP 316: Legal Background to the Low Profitability of Japanese Enterprises by Nobuyuki Kinoshita

WP 317: Information and Export Decisions: Bank's Role as a Conduit of Information by Tomohiko Inui, Keiko Ito, Daisuke Miyakawa, and Keishi Shoji

WP 318: Samsung and LG: From Also-Rans to Dominance in Consumer Electronics by Robert Myers

WP 319: The Dynamics of Multinational Corporation-Impacted Comparative Advantage: Relevancy to Ricardo's View on Cross-border Investment and Samuelson's Skepticism about Globalization by Terutomo Ozawa

WP 320: The Classical Origins of Akamatsu's "Flying-Geese" Theory: A Note on a Missing Link to David Hume by Terutomo Ozawa

Occasional Papers:

OP 60: Built-in Stabilizers and Risk Literacy: Protecting the Sustainability of the Insurance Industry by Shigeyuki Goto

OP 61: Japan’s Sputtering Economic Recovery Amid Heightened Political Turmoil by Hugh Patrick


All WPs and OPs are available at Columbia University Academic Commons, an institutional repository program sponsored by the Columbia University Libraries.  These papers are searchable by keyword, or can be found directly in the following categories:

CJEB Working Paper Series

CJEB Occasional Paper Series



CJEB’s research associate and long time friend, Takatoshi Ito, former dean of The University of Tokyo’s Graduate School of Public Policy (GraSPP) will join CJEB as Associate Director of Research and as a professor of international and public affairs at Columbia University’s School of International and Public Affairs (SIPA) in January 2015. Click here for the official announcement from SIPA.

CJEB’s Annual Tokyo Conference, May 15th, ends in success

Our annual Tokyo Conference was held on May 15th at Otemachi Financial City Conference Center. With Governor Kuroda from the Bank of Japan and Dr. Adam Posen, president of the Peterson Institute for International Economics as keynote speakers, the conference gathered speakers and guests from a wide range of fields to discuss and debate the future of the Japanese Economy. The video and reports from the conference will be available soon on this website. The sold-out event was covered by multiple media sources, which can be viewed here.

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Professor Patrick Co-edits New Book

Professor Patrick has recently co-edited a book with Professor Yung Chul Park, titled How Finance is Shaping the Economies of China, Japan, and Korea.

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CJEB Director Featured in Wall Street Journal

CJEB Director of Research Professor David Weinstein was featured in Wall Street Journal "CPI: noise Pollution at Low Altitudes."

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Annual Report

Read about the exciting outcomes of the 2012 – 2013 year.


Research Projects

Our latest two Working Papers, "Spinning Tales About Japanese Cotton Spinning: Saxonhouse (1974) Then and Now" by Serguey Braguinsky and David Hounshell, and "Explaining the Rise of East Asian Multinationals: State-Industry Links, a Stages Model of Structural Change, and Japan as a Precedent Setter" by Terutomo Ozawa, are now available.

These papers and all other Working and Occasional Papers, as well as other research supported by CJEB, is available on our Research Projects page.