Amid rapidly advancing globalization, there is a need to consider how the Japanese economy should take on growth in emerging markets and realize balanced, sustainable growth within Asia. In addition to studying institutional infrastructures such as the role of a currency basket in the Asia region, this program also will analyze various issues related to exchange-rate pass-through and the choice of invoice currencies from both macroeconomic and corporate-level perspectives. Furthermore, it also will advance research spanning fields such as international trade and macroeconomics, international finance, macro finance, corporate foreign-exchange risk management, and corporate finance. We will endeavor to propose ideal macroeconomic policies for fiscal reconstruction, particularly their influence on exchange rates, as well as analyze the long-term deflationary mechanism and explore ways of overcoming it.
Program Director
Research on Exchange Rate Pass-Through
May 30, 2011 - March 31, 2013
Project Leader
ITO Takatoshi
Research on a Currency Basket
May 30, 2011 - March 31, 2013
Project Leader
OGAWA Eiji
Research on Macroeconomic Policies Focused on Fiscal Reconstruction and Similar Measures
May 30, 2011 - March 31, 2013
Project Leader
KOBAYASHI Keiichiro
Long-term Deflation in Japan: Its causes and policy implications
June 21, 2011 - March 31, 2013
Project Leader
WATANABE Tsutomu
Exports and the Japanese Economy: Experiences in the 2000s and the lessons for the future
October 25, 2011 - September 30, 2013
Project Leader
IWAISAKO Tokuo
East Asian Production Networks and Global Imbalances
December 27, 2011 -
Project Leader
THORBECKE, Willem
