Microstructure of the foreign exchange market, economic analysis of foreign exchange interventions, inflation targeting in advanced and emerging market economies, policy questions on the Japanese Economy (how to get Japan out of deflation), and financial crises

1979 Ph.D., Economics, Harvard University
1975 M.A., Economics, Hitotsubashi Unviersity
1973 B.A., Economics, Hitotsubashi University

2004.4-present Professor, Faculty of Economics and Graduate School of Public Policy, the University of Tokyo
2002.4-2004.3 Professor, (Graduate School) Faculty of Economics and Research Center for Advanced Science and Technology, the University of Tokyo
2001.7-2003.3 Visiting Scholar, Asia Development Bank Institute (ADBI)
2001.7-2002.4 Professor, Hitotsubashi University
1999.7-2001.7 Deputy Vice Minister for International Affairs at Ministry of Finance
1994.8-1997.3 Senior Advisor, Research Department, IMF
1992.9-1994.6 Visiting Professor, Harvard University
1991.4-1999.7 Professor, Hitotsubashi University
1988.9-1991.3 Associate Professor, Hitotsubashi University
1986.7-1987.6 Visiting Associate Professor, Harvard University
1986.9-1988.8 Tenured Associate Professor, University of Minnesota
1984.9-1985.8 National Fellow, Stanford University
1979.9-1986.8 Assistant Professor, University of Minnesota

A Basket Currency for Asia, Routledge, Pub., 2007
Inflation Targeting in Asia (with Tomoko Hayashi), Hong Kong IMF, 2004
Inflation Targeting (written in Japanese), Nihon Keizai Shinbunsha, 2001
No More Bashing: Building a New Japan-United States Economic Relationship (with C. Fred Bergsten and Marcus Noland), Institute for International Economics, 2001
Financial Policy and Central Banking in Japan (with Thomas F. Cargill and Michael M. Hutchison), MIT Press, 2000
An Independent and Accountable IMF (with Jose De Gregorio, Barry Eichengreen, and Charles Wyplosz), Geneva Report on the World Economy No. 1, September, 1999, Geneva: International Center for Monetary and Banking Studies
The Political Economy of the Japanese Monetary Policy (with Thomas F. Cargill and Michael M. Hutchison), MIT Press, 1997
A Vision for the World Economy (with Robert Z. Lawrence and Albert Bressand) Washington DC: Brookings Institution, 1996
The Japanese Economy, MIT Press, 1992

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Japanese Economic Association (President, in 2004)
American Economic Association, Member
Econometric Society, Fellow and Far Eastern Council Member
National Bureau of Economic Research, Research Associate
Asian Economic Policy Review (2006-, Co-editor)
Journal of the Japanese and International Economies (1997-99, Editor)