Expertise
Empirical Research on the Japanese Financial System
Research Projects
- Sustainable Development of Local Businesses and the Role of Regional Financial Institutions (April 3, 2023 - September 30, 2025)
- Regional Economy and Roles of Regional Finance in the Post COVID-19 World (September 14, 2020 - August 31, 2022)
- The Role of Regional Financial Institutions as the Core of the Local Economy and Regional Cooperation (January 15, 2018 - December 31, 2019)
- The Role of Regional Financial Institutions toward Regional Revitalization: How do regional financial institutions contribute to improving the quality of employment in the local economy? (July 6, 2015 - June 30, 2017)
Education
1996 Ph.D. in Economics, Nagoya University
1988 MA in Economics, Kobe University
1986 BA in Economics, Shiga University
Experience
2014 - Present, Professor, Kobe University
2012 Visiting Professor, University of Auckland
2004 Professor, Nagoya University
1999 - 2000 Visiting Scholar, Federal Reserve Bank of San Francisco
1996 Associate Professor, Nagoya University
1995 Assistant Professor, Nagoya University
1994 Associate Professor, Himeji Dokkyo University
1990 - 1991 Visiting Scholar, Columbia University
1990 Assistant Professor, Himeji Dokkyo University
1989 Research Associate, Himeji Dokkyo University
Selected Publications and Papers
Papers Published in Refereed Journals
"Corporate governance structure and efficiencies of cooperative banks," International Journal of Finance and Economics 22, 2017.
"The efficiency of Japanese financial cooperatives: An application of parametric distance functions," Journal of Economics and Business 94, 2017.
"Regional economic development, strategic investors, and efficiency of Chinese city commercial banks," Journal of Banking and Finance 37, 2013.
"Loan officers and relationship lending to SMEs" Journal of Financial Intermediation 21, 2012.
"Asset Price Persistence and Real Estate Market Illiquidity: Evidence from Japanese Land Values" Real Estate Economics 38(2), 2010.
"Wealth Effect of Public Funds Injections to Ailing Banks; Do Deferred Tax Assets and Auditing Firms Matter?" Japanese Economic Review 58(4) 2007.
"Market Price Accounting and Depositor Discipline in Japanese Regional Banks," Journal of Banking and Finance 31 2007.
"The Impact of Japan's Financial Stabilization Laws on Bank Equity Values," Journal of Japanese and International Economies 17, 2003.
"Does bank relationship have an economic value? The effect of main bank failure on client firms," Economics Letters 65, 1999.
"Stock Market Reaction to the Bank Liquidation in Japan: A Case for the Informational Effect Hypothesis," Journal of Financial Services Research 15(1), 1999.
"A note on the location choice of multinational banks: The case of Japanese financial institutions," Journal of Banking and Finance 22, 1998.
"The relationship between domestic savings and investment: The Feldstein=Horioka test using Japanese regional data," Economics Letters 48, 1995.
Others
Member of Financial System Council, Financial Services Agency since 2011
