The program of the 2019 Autumn Annual Meeting

THE JAPAN SOCIETY OF MONETARY ECONOMICS
2019 Autumn Meeting Program

Last updated:

Registration: Building 5 , 1st Floorst Floor (from

1.< -

Room A(Building 5, Room 521)
Session:Monetary Policy and Macroeconomics Ⅰ
  • Chair
  • Kobe University
  • Shin-ichi Nishiyama
(1)Inflation Expectations Curve in Japan
  • Presenter
  • Bank of Japan
  • Toshitaka Maruyama
  • Bank of Japan
  • Kenji Suganuma
  • Discussant
  • University of Tokyo
  • Mototsugu Shintani
(2)The role of money and optimal monetary policy in a two country economy
  • Presenter
  • Momoyama Gakuin University
  • Daisuke Ida
  • Discussant
  • Kobe University
  • Shin-ichi Nishiyama
(3)Optimal Monetary and Fiscal Policy Rules, Welfare Gains, and Exogenous Shocks in an Economy with Default Risk
  • Presenter
  • Komazawa University
  • Masataka Eguchi
  • Nagoya City University
  • Okano Eiji
  • Discussant
  • Osaka University of Economics
  • Yukio Fukumoto
Room B(Building 5, Room 522)
Session:Foreign Exchange and Currency
  • Chair
  • Aichi University
  • Yutaka Kurihara
(1)Price Discovery and Liquidity Recovery: Forex Market Reactions to Macro Announcements
  • Presenter
  • Columbia University/National Graduate Institute for Policy Studies
  • Takatoshi Ito
  • Osaka University
  • Masahiro Yamada
  • Discussant
  • Shiga University
  • Yushi Yoshida
(2)Japanese Overseas Subsidiaries’ foreign exchange risk management and choice of invoice currency from 2018 RIETI Questionnaire survey results
  • Presenter
  • Columbia University/National Graduate Institute for Policy Studies
  • Takatoshi Ito
  • Chuo University
  • Satoshi Koibuchi
  • Yokohama National University Kiyotaka Sato
  • Kiyotaka Sato
  • Gakushuin University
  • Junko Shimizu
  • Chuo University
  • Taiyo Yoshimi
  • Discussant
  • Keio University
  • Mitsuyo Ando
(3)Tariff Reduction and Its Effects on the International Wine Trade: A Gravity Model Approach
  • Presenter
  • Chuo University
  • Kimie Harada
  • Kwansei Gakuin University
  • Shuhei Nishitateno
  • Discussant
  • Meiji Gakuin University
  • Yuri Sasaki
Room C(Building 5, Room 523)
Session:Financial Market Analysis Ⅰ
  • Chair
  • Musashi University
  • Tsutomu Chano
(1)How Arbitrage Free is the Nelson Siegel Model under Stochastic Volatility?
  • Presenter
  • Chuo University
  • Takamizawa Hideyuki
  • Discussant
  • NUCB Business School
  • Takeshi Kobayashi
(2)Estimating the Investment Value of Sustainable Bonds Using Conjoint Analysis
  • Presenter
  • Mizuho Securities, Co., Ltd
  • Toru Suehiro
  • Mizuho Securities, Co., Ltd
  • Shintaro Inagaki
  • Hosei University
  • Koichi Takeda
  • Discussant
  • The University of Tokyo
  • Tomonori Yuyama
(3)Empirical Analysis of ESG Scores
  • Presenter
  • The University of Tokyo
  • Tomonori Yuyama
  • Aoyama Gakuin University
  • Yoko Shirasu
  • Keio University
  • Soichiro Moridaira
  • Discussant
  • Musashi University
  • Nakajima Kan
Room D(Building 5, Room 525)
Session:Session:Corporate Finance
  • Chair
  • Chuo University
  • Eiji Okuyama
(1)Trade Credit and Informational Revelation
  • Presenter
  • Tokyo International University
  • Makoto Shimizu
  • Discussant
  • Kindai University
  • Takayoshi Nakaoka
(2)Which type of institutional investors promotes CSR?
  • Presenter
  • Kyoto University
  • Hidetaka Kawakita
  • Aoyama Gakuin University
  • Yoko Shirasu
  • Discussant
  • Hitotsubashi University
  • Katsushi Suzuki
(3)Key Factors for Corporate Fraud Detection
  • Presenter
  • Saitama University
  • Taketoshi Hashimoto
  • Discussant
  • Hitotsubashi University
  • Masaharu Hanazaki

2.< -

Room E(Building 5, Room 511)
Special Session:The Forefront of Financial Education
  • Chair
  • Japan Securities Research Institute
  • Chiaki Wakazono
(1)The New Wave of Global Financial Education and Japan's Issues
  • Presenter
  • Bank of Japan
  • Ryoko Okazaki
(2)The JSDA's Support Activities for Financial and Securities Education
  • Presenter
  • Japan Securities Dealers Association
  • Kouji Kikuchi
(3)The Effects of Improvement of Financial Literacy on Monetary Policy and Financial System
  • Presenter
  • Momoyama Gakuin University
  • Yuji Kitano
  • Discussant
  • Aichi University of Education
  • Kei-ichiro Nishio

3.< - > Lunch

4.< -

Room A(Building 5, Room 521)
Session:Financial Intermediary Ⅰ
  • Chair
  • Fukuoka University
  • Tatsuro Kakeshita
(1)Effects of Bank Soundness on Lending Relationships Promotion Activities
  • Presenter
  • Aichi Gakuin University
  • Eriko Naiki
  • Nanzan University
  • Yuta Ogane
  • Discussant
  • Konan University
  • Yoshiro Tsutsui
(2)Relationship between Financial Competition and Profitability, Stability in Japanese Regional Banking
  • Presenter
  • Edogawa University
  • Toshihiro Sugiyama
  • Discussant
  • Okayama University
  • Masanori Ohkuma
(3)Under Conditions for a Loan Again, Social Capital and Group Lending
  • Presenter
  • Niijima Gakuen Junior College
  • Matsuda Shinichi
  • Discussant
  • Meijo University
  • Narunto Nishigaki
Room B(Building 5, Room 522)
Session:Financial Market Analysis Ⅱ
  • Chair
  • Musashi University
  • Sanae Ohno
(1)Financial Market Switching Points and Economic Anomalies: Evidence from S&P100
  • Presenter
  • National Institute of Informatics
  • Yuan Yuan
  • National Institute of Informatics
  • Takayuki Mizuno
  • Discussant
  • Waseda University
  • Yasuhiro Arikawa
(2)Empirical analysis of “free cash flow problem”
  • Presenter
  • Meiji university
  • Oh Dongsuk
  • Discussant
  • Konan University
  • Daichi Baba
(3)Data Driven Financial Services in China and their Implications for Japan
  • Presenter
  • Kyoto University of Advanced Science
  • Lirong Li
  • Discussant
  • Osaka City University
  • Tomei Ou
Room C(Building 5, Room 523)
Session:Financial History
  • Chair
  • Yamaguchi University
  • Daisuke Koga
(1)Why was the National Banking Law Amended in 1877?
  • Presenter
  • Doshisha University
  • Yoshiaki Shikano
  • Discussant
  • Waseda University
  • Masato Shizume
(2)JGB Market Operation by BOJ (1936-1945)
  • Presenter
  • Tokio Marine Asset Management Co., Ltd.
  • Kenichi Hirayama
  • Discussant
  • Reitaku University
  • Masanori Satou
(3)Overcoming the Industrial Pollution and the Role of Finance Revisited: Evidence from the Japan Development Bank in the 1970s
  • Presenter
  • Development Bank of Japan
  • Katsuhisa UCHIYAMA
  • Development Bank of Japan
  • Yuko HOSODA
  • Discussant
  • Rissho University
  • Kazumi Asako
Room D(Building 5, Room 525)
Session:Currency and Finance in Various Countries
  • Chair
  • Hitotsubashi University
  • Masao Kumamoto
(1)Current Status and Issues to be Considered for Recording Crypto Assets in Macroeconomic Statistics, Focusing on Balance of Payments Statistics
  • Presenter
  • Chuo University
  • Hidetoshi Takeda
  • Seijo University
  • Yasuo Goto
  • Discussant
  • Institute for International Monetary Affairs
  • Mitsuru Yaguchi
(2)Bank Lending Channel and International Capital Flows into a Banking Sector in a Dollarized Economy
  • Presenter
  • JICA Research Institute
  • Daiju Aiba
  • Discussant
  • Gakushuin University
  • Kaoru Hosono
(3)The Market Competitiveness of Cambodian Commercial Banks: The Estimation of Boone Indicator during The 2007 2017 Period
  • Presenter
  • Hitotsubashi University
  • Hidenobu Okuda
  • Hitotsubashi University
  • Ye Yichun
  • Hitotsubashi University
  • Keisuke Taked
  • Discussant
  • Tokyo University of Foreign Studies
  • Kazue Demachi

5.< -

Room E(Building 5, Room 511)
Panel Session: The Future of Money
  • Chair
  • Future
  • Hiromi Yamaoka
(1)Potential of Money in Future from the viewpoints of information and data processing
  • Presenter
  • University of Tokyo
  • Noriyuki Yanagawa
(2)Initiatives of a Mega Bank to explore the future of money designing J Coin Pay
  • Presenter
  • Muzuho Financial Group / Blue Lab
  • Hidenobu Mukai
(3)Driving the world's money forward new financial services to solve societal challenges
  • Presenter
  • Money Forward
  • Toshio Taki
  • Discussant
  • Seijo University
  • Mahito Uchida

6.< - > Invited Lecture

Room F (Building 5, Room 511)
  • Chair
  • Kobe University
  • Nobuyoshi Yamori
  • Speaker
  • Commissioner, the Financial Services Agency
  • Endo Toshihide
Theme:Current conditions and issues of financial system policy

7.< - > General Meeting

Room E (Building 5, Room 511)

8.< - > Reception

Café Pensee in Building 5 1st floor.

, Sunday

Registration: Building 5, 1st Floor (from

9.< -

Room A(Building 5, Room 521)
Session:Monetary Policy and Macroeconomics Ⅱ
  • Chair
  • Doshisha University
  • Shin-ichi Kitasaka
(1)Time-varying bank capital requirements with capital distribution constraints: A DSGE approach
  • Presenter
  • Nagoya University
  • Yoshiaki Sato
  • Discussant
  • Senshu University
  • Kengo Nutahara
(2)Failed processing monetary policy in the finance safety net of the undevelopment period
  • Presenter
  • Matsumoto University
  • Iizuka Toru
  • Discussant
  • Kobe University
  • Kenya Fujiwara
(3)Impact of ETF Purchase Policy by the Japanese Central Bank
  • Presenter
  • Seikei University
  • Masashi Toshino
  • Discussant
  • Chuo University
  • Kimie Harada
Room B(Building 5, Room 522)
Session:Financial Intermediary Institutions Ⅱ
  • Chair
  • Doshisha University
  • Hirofumi Ueda
(1)Empirical Research on the Ability to Contribute to the Client's Business Performance of the Bank Using Customer Financial Data.
  • Presenter
  • Kyoto University Researcher
  • Kiyotsu Yoshihara
  • Discussant
  • Prefectural University of Hiroshima
  • Keiko Murakami
(2)Recent Changes in Households’ Assets and Their Effect on Financial Institutions’ Finance
  • Presenter
  • Nomura Institute of Capital Markets Research
  • Sachiko Miyamoto
  • Discussant
  • Chuo University
  • Toyoharu Takahashi
(3)Lost Decades and Balance Sheet Conditions of Banks and Firms in the Japanese Economy
  • Presenter
  • Okayama Shoka University
  • Satoshi Hoshino
  • Discussant
  • Tokyo Metropolitan University
  • Hirokuni Iiboshi
Room C(Building 5, Room 523)
Session:Session: Regional Finance
  • Chair
  • Kansei Gakuin University
  • Hideo Okamura
(1)Evolution of Real Estate Prices and Agglomeration Theory and Evidence from the Tokyo Metropolitan Area
  • Presenter
  • Keio University
  • Yukari Fukuda
  • Discussant
  • Develop ment Bank of Japan Inc.
  • Jun-ichi Nakamura
(2)What drove regional banks into foreign bond investments?
  • Presenter
  • Yamagata University
  • Masaki Yamaguchi
  • Discussant
  • Tohoku Gakuin University
  • Masashi Igakura
(3)Search for Yield under Prolonged Monetary Easing and Aging
  • Presenter
  • Waseda Universiy
  • Yoshiaki Ogura
  • Discussant
  • Konan University
  • Kiyotaka Nakashima

10.< -

Room E(Building 5, Room 511)
Panel Session:International Capital Flows and Financial System in Emerging Countries
  • Chair
  • Osaka University of Economics
  • Wataru Takahashi
(1)The Effect of Advanced Countries' Monetary Policy on International Capital Flows in Emerging Countries
  • Presenter
  • Hitotsubashi University
  • Masahiko Takeda
(2)Financial System in China
  • Presenter
  • Bank of Japan
  • Tomoyuki Fukumoto
(3)Financial System in ASEAN
  • Presenter
  • Japan Research Institute
  • Satoshi Shimizu

11.< - > Lunch

12.< -

Room E(Building 5, Room 511)
Symposium: Reorganization of banking and regional common interest; An attempt for a new approach from a historical perspective
  • Chair
  • Waseda University
  • Masato Shizume
(1)Development of relationship banking in Japan
  • Presenter
  • Hosei University
  • Masayoshi Tsurumi
(2)Modernity of the wartime bank integration by the Bank of Japan; One prefecture one banking principle revisited
  • Presenter
  • Reitaku University
  • Masanori Sato
(3)Cooperative banks and community; A Reconsideration of the debate on "Community Bank" in the 1970s
  • Presenter
  • Meijo University
  • Daisuke Arai
  • Discussant
  • Kobe University
  • Hirofumi Uchida
  • Konan University
  • Yoshiro Tsutsui

Program Committee

  • Sadayoshi Takaya (Chair, Kansai University)
  • Ijiri Hiroyuki (Okayam a Shoka University)
  • Yutaka Kurihara (Aichi University)
  • Kentaro Iwatsubo (Kobe University)
  • Daisuke Koga (Yamaguchi University)
  • Hirofumi Ueda (Doshisha University)
  • Masanori Sato (Reitaku University)
  • Sanae Ohno (Musashi University)
  • Junko Shimizu (Gakushuin University)
  • Eiji Okano (Nagoya City University)
  • Toyoharu Takahashi (Chuo University)
  • Hideo Okamura (Kwansei Gakuin University)
  • Tutomu Chano (Musashi University)
  • Eiji Okuyama (Chuo University)
  • Shin-ichi Nishiyama (Kobe University)
  • Tatsuro Kakeshita (Fukuoka University)
  • Kunihiro Hanabusa (Kansai University)
  • Shin-Ichi Kitasaka (Doshisha University)
  • Takashi Hyodo (Yamaguchi University)
  • Shigeto Kitano (Kobe University)
  • Nobuyoshi Yamori (KobeUniversity)
  • Masao Kumamoto (Hitotsubashi University)

Executive Committee

  • Akira Ehiro (Chair)
  • Haruyuki Otsuka 
  • Yoshiro Tsutsui