I. Comprehensive Appraisal of "Lost Decade"
Comprehensive Macro- and Micro-Economic Appraisal of Gains and Losses of the 10 years Stagnation and Identifying New Challenges
Sub Major Issues
- I-A Exit mechanism unique to Japan's deflation
- I-B Changes in determinants of TFP
- I-C Structural reforms - implementation and their effects
- I-D Institutional complementarities between corporate and government governance
II. New Global Imbalances in an Era of Asian Integration
Nature of New Global Imbalances - Designing adjustment policies compatible with further integration in Asia under Globalization of Trade and Finance -
Sub Major Issues
- II-A Why can US external deficit remain so large? - Is it sustainable?
- II-B Triangular trade pattern and intra-industry vertical specialization
- II-D Relations between exchange regimes and domestic institutional development
- II-E Exploring compatibility between free trade and environment
- II-F How to overcome FTA's shortcomings?
- II-G Globalization and income disparity in Asia
- II-H Technocrat-government relationships in post-crisis Asia
III. Public Debt and Economics of Ageing
Integrated Approach to Public Debt, Pensions and Health
Sub Major Issues
- III-A How can Japan sustain its huge public debt?
- III-B Holistic approach to social security issues: economics of ageing
- III-C Searching for ideal pension systems
- III-D What social security systems would minimize disincentives in labor market?
IV. New Financial Market Architecture and Corporate Governance
New Financial Market Architecture, New Corporate Governance and Industrial Organization
Sub Major Issues
- IV-A New analytical framework for designing financial architecture
- IV-B Institutional differences between banking systems and capital markets
- IV-C Impediments to yen-denominated bond markets
- IV-D Where is Japanese corporate governance heading?
V. Exploring New Systems for Innovation
Exploring New Systems for Innovation
Sub Major Issues
- V-A Searching for new innovation systems that strengthen competitiveness
- V-B What financial systems and competition policy facilitate innovation?
- V-C International and regional agglomeration phenomena
- V-D Japan's "soft power" and its impact on Asia
- V-E Human capital formation most fitted for innovation systems
- V-F Impact on industrial structure of ageing, cares, and environment
VI. Strengthening Database and Model Operations
Strengthening Data Base and Model Operations
Sub Major Issues
- VI-A Developing micro-models for policy evaluation of deregulations
- VI-B New micro-database related to services, ageing, and environment
- VI-C Strengthening model operations related to international trade and pensions