(Published Papers) (Discussion
Papers)(Published Papers) (Discussion
Papers)
The Policy Duration Effect and Zero Interest Rates: An Application of Wavelet Analysis (with Kunio Okina, in Michael Hutchison and Frank Westermann eds., Japan's Great Stagnation: Financial And Monetary Policy Lessons for Advanced Economies, MIT Press, June 2006)
Revisiting the Decline in the Exchange Rate Pass-Through: Further Evidence from Japan's Import Prices (with Akira Otani and Toyoichiro Shirota, Monetary and Economic Studies, Vol. 24, No. 1, Institute for Monetary and Economic Studies, Bank of Japan, March 2006)
The asset price bubble in Japan in the 1980s: lessons for financial and macroeconomic stability (Real estate indicators and financial stability, BIS Papers No. 21, Bank for International Settlement, April 2005)
Asset Price Fluctuations, Structural Adjustments, and Sustained Economic Growth: Lessons from Japan's Experience since the Late 1980s (with Kunio Okina, Monetary and Economic Studies, Vol. 22, No. S-1, Institute for Monet ()ary and Economic Studies, Bank of Japan, October 2004
On Long-Run Monetary Neutrality in Japan (with Hiroyuki Oi and Toyoichiro Shirota, Monetary and Economic Studies, Vol. 22, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, October 2004)
Comments on "Price Stability and Japanese Monetary Policy" (1) (with Kunio Okina and Hiroshi Fujiki, Monetary and Economic Studies, Vol. 22, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, October 2004)
Distortions in Factor Markets and Structural Adjustments in the Economy (with Masayuki Nakakuki and Akira Otani, Monetary and Economic Studies, Vol. 22, No. 2, Institute for Monetary and Economic Studies, Bank of Japan, October 2004)
Policy Commitment and Expectation Formation: Japan’s Experience Under Zero Interest Rates (with Kunio Okina, The North American Journal of Economics and Finance, vol. 15, no. 1, March 2004)
Precautionary Motives versus Waiting Options: Evidence from Aggregate Household Saving in Japan (with Makoto Saito, Monetary and Economic Studies, Vol. 21, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, October 2003)
The Decline in the Exchange Rate Pass-Through: Evidence from Japanese Import Prices (with Akira Otani and Toyoichiro Shirota, Monetary and Economic Studies, Vol. 21, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, October 2003)
Asset Price Bubbles, Price Stability, and Monetary Policy: Japan's Experience (with Kunio Okina, Monetary and Economic Studies, Vol. 20, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, October 2002)
Policy Duration Effect under the Zero Interest Rate Policy in 1999-2000: Evidence from Japan's Money Market Data (Monetary and Economic Studies, Vol. 20, No. 1, Institute for Monetary and Economic Studies, Bank of Japan, January 2002)
Information Content of Implied Probability Distributions: Empirical Studies on Japanese Stock Price Index Options (Monetary and Economic Studies, Vol. 19, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, February 2001)
Asset Prices, Financial Stability, and Monetary Policy: Based on Japan's Experience of the Asset Price Bubble (Marrying the macro- and micro-prudential dimensions of financial stability, BIS Papers No. 1, Bank for International Settlement, March 2001)
Is There a Desirable Rate of Inflation? A Theoretical and Empirical Survey (Monetary and Economic Studies, Vol. 19, No. 1, Institute for Monetary and Economic Studies, Bank of Japan, February 2001)
Monetary Policy under Zero Interest Rate: Viewpoints of Central Bank Economists (with Hiroshi Fujiki, and Kunio Okina, Monetary and Economic Studies Vol.19, No. 1, Institute for Monetary and Economic Studies, Bank of Japan, February 2001)
Financial Crises as the Failure of Arbitrage:Implications for Monetary Policy (with Makoto Satio, Monetary and Economic Studies Vol.19, No. S-1, Institute for Monetary and Economic Studies, Bank of Japan, February 2001)
Policy Responses to the Post-bubble Adjustments in Japan: A Tentative Review (with Naruki Mori, and Hiroo Taguchi, Monetary and Economic Studies Vol.19, No. S-1, Institute for Monetary and Economic Studies, Bank of Japan, February 2001)
The Asset Price Bubble and Monetary Policy: Japan's Experience in the Late 1980s and the Lessons (wiht Kunio Okina and Masaaki Shirakawa, Monetary and Economic Studies Vol.19, No. S-1, Institute for Monetary and Economic Studies, Bank of Japan, February 2001)
Financial Market Globalization: Present and Future (with Masaaki Shirakawa, and Kunio Okina, Monetary and Economic Studies Vol.17, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, December 1999)
Measurement Errors in Japanese Consumer Price Index (Monetary and Economic Studies Vol.17, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, December 1999)
Asset Price Fluctuation and Price Indices (Monetary and Economic Studies Vol.17, No. 3, Institute for Monetary and Economic Studies, Bank of Japan, December 1999)
Measurement Errors and Quality-Adjustment Methodology: Lessons from the Japanese CPI (Economic Perspectives Vol. 23, No. 2, Federal Reserve Bank of Chicago, 2nd Quarter 1999)
Extracting Market Expectations form Option Prices: Case Studies in Japanese Option Markets (with Hisashi Nakamura, Monetary and Economic Studies Vol.17, No. 1, Institute for Monetary and Economic Studies, Bank of Japan, May 1999)
Inflation Measures for Monetary Policy: Measuring Underlying Inflation Trend and Its Implication for Monetary Policy Implementation (Monetary and Economic Studies Vol.15, No. 2, Institute for Monetary and Economic Studies, Bank of Japan, December 1997)
Automobile Prices and Quality Changes: A Hedonic Price Analysis of the Japanese Automobile Market (Monetary and Economic Studies vol. 13, no. 2, Institute for Monetary and Economic Studies, Bank of Japan, December 1995)
Effects of Quality Changes on the Price Index: A Hedonic Approach to(the Estimation of a Quality Adjusted Price Index for Personal Computers in Japan (Monetary and Economic Studies Vol. 13, No. 1, Institute for Monetary and Economic Studies, Bank of Japan, July 1995)
Liquidity Demand and Asset Pricing: Evidence from the Periodic Settlement in Japan (with Makoto Saito, Tsutomu Watanabe, and Noriyuki Yanagawa, IMES Discussion Paper No. 2001-E-21, Bank of Japan, December 2001)