The program of the 2019 Spring Annual Meeting

THE JAPAN SOCIETY OF MONETARY ECONOMICS
2019 Spring Meeting Program

Last updated:

Registration: East Building No.2, 1st Floor (from

1.< -

Room A(South Building No.3, Room 103)
Session:Monetary Policy and Macroeconomics Ⅰ
  • Chair
  • Sophia University
  • Yosuke Takeda
(1)Fiscal Determinacy of the Price Level: Evidence from the FTPL
  • Presenter
  • Ph.D. Student, Tohoku University
  • Lamia Bazzaoui
  • Discussant
  • Kobe University
  • Shin-Ichi Nishiyama
(2)Price Stickiness and Wage Stickiness in Generalized New-Keynesian Model
  • Presenter
  • Kanto Gakuen University
  • Rui Wang
  • Discussant
  • Ph.D. Student, Kobe University
  • Satoshi Hoshino
(3)Speed Limit Policy and Knightian Uncertainty
  • Presenter
  • Matsuyama University
  • Kohei Hasui
  • Discussant
  • Tokai University
  • Kazuki Hiraga
Room B(South Building No.3, Room 104)
Session:Regional Finance
  • Chair
  • Meiji University
  • Takayasu Ito
(1)The Current Significance and Implication of Complementary Currencies
  • Presenter
  • Rissho University
  • Tetuya Utashiro
  • Rissho University
  • Yasushi Hayashi
  • Discussant
  • Senshu University
  • Makoto Nishibe
(2)The Roles of Local Financial Institutions and the Local Finance Bureaus for the Vitalizing Local Economy
  • Presenter
  • Ministry of Finance
  • Kenji Haramura
  • Shiga University
  • Masashi Katayama
  • Discussant
  • Kyushu Kyoritsu University
  • Hiroaki Nishiyama
(3)The Future Image of Shinkin Banks
  • Presenter
  • Kansai Gaidai University
  • Yasuhiro Horie
  • Fukuoka University
  • Ritsuko Arioka
  • Discussant
  • Kindai University
  • Yuichi Abiko
Room C(South Building No.3, Room 202)
Session:International Capital Flows
  • Chair
  • Toyo University
  • Kentaro Kawasaki
(1)“Effects of US Interest Rate Hike and Global Risk on Daily Capital Flows in Emerging Market Countries”
  • Presenter
  • Hitotsubashi University / RIETI
  • Eiji Ogawa
  • Gakushuin University
  • Junko Shimizu
  • Hitotsubashi University
  • Pengfei Luo
  • Discussant
  • Bloomberg L.P.
  • Yuki Masujima
(2)Gains from Policy Cooperation in Capital Controls and Financial Market Incompleteness
  • Presenter
  • Kobe University
  • Shigeto Kitano
  • Hiroshima City University
  • Kenya Takaku
  • Discussant
  • Momoyama Gakuin University
  • Daisuke Ida
(3)New Facts on the ‘F-H Puzzle’ in OECD Countries: The Effects of International Capital Flows on Domestic Savings, Investment and Growth
  • Presenter
  • Ritsumeikan University
  • Hideaki Ohta
  • Discussant
  • Hiroshima University of Economics
  • Isamu Ginama

2.< -

Room E(South Building No.3, Room 301)
Panel Session:Contemporary Financial History of East Asia
  • Chair
  • Waseda University
  • Kazuhiko Yago
(1)Financial System of People’s Republic of China 1949-2017: In Terms of the Relationship between Chinese and Global Economies
  • Presenter
  • University of Tokyo
  • Tomoko Shiroyama
(2)Banking between Hong Kong and Mainland China(1945-2018)
:The Development of Mainland Banks in Hong Kong
  • Presenter
  • Osaka University of Economics
  • Man-Han Siu
(3)Capital Market Policy in Korea, 1968-1976
  • Presenter
  • Ewha Womans University
  • Myunghwi Lee
  • Discussant
  • Tohoku University
  • Toshio Suzuki
  • Keio University
  • Motoaki Akagawa

3.< - > Lunch

4.< -

Room A(South Building No.3, Room 103)
Session:Financial Intermediary
  • Chair
  • Chuo University
  • Arito Ono
(1)Financial Stress in Euro Area: Implications for Real Economy, Monetary Policy, and Financial Integration
  • Presenter
  • Kobe University
  • Agata Wierzbowska
  • Discussant
  • Sophia University
  • Yosuke Takeda
(2)Bank Soundness and Bank Lending to New Firms during the Global Financial Crisis
  • Presenter
  • Aichi Gakuin University
  • Eriko Naiki
  • Nanzan University
  • Yuta Ogane
  • Discussant
  • Waseda University
  • Yoshiaki Ogura
(3)Bank-specific Determinants of Capital Structure: New Evidence from Japan
  • Presenter
  • Mitsubishi UFJ Research and Consulting
  • Taku Kinai
  • Saitama University
  • Takeshi Osada
  • Discussant
  • Hitotsubashi University
  • Iichiro Uesugi
Room B(South Building No.3, Room 104)
Session:Money and Finance in Various Countries
  • Chair
  • Kyoto University
  • Fumiharu Mieno
(1)Initial Public Offerings and the Market Responses in China
  • Presenter
  • Ph.D. Student, Doshisha University
  • Jie Yu
  • Discussant
  • Daito Bunka University
  • Hiroshi Gunji
(2)Critique to so-to-say ”a Precedent Related to the International Application of the Code of Money Lending”
  • Presenter
  • Takushoku University
  • Nobuo Yamamura
  • Discussant
  • Yokohama National University
  • Masahiko Takahashi
(3)Is Islamic Microfinance Serving the Poor People Compare to Conventional Microfinance? An Empirical Study from Bangladesh
  • Presenter
  • Ritsumeikan Asia Pacific University
  • Yasushi Suzuki
  • Ritsumeikan Asia Pacific University
  • Helal Uddin
  • Discussant
  • Japan External Trade Organization
  • Jun Saito
Room C(South Building No.3, Room 202)
Session:Financial Market Analysis
  • Chair
  • Ritsumeikan University
  • Aono Kohei
(1)Does Liquidity Enhancement Auction Improve the Liquidity Condition in Japan Market?
  • Presenter
  • Policy Research Institute,Ministry of Finance, Japan
  • Takahiro Hattori
  • Discussant
  • Bank of Japan
  • Yasufumi Genma
(2)On the Validity and Stability of the Model Consumption-based Capital Asset Pricing Model Considering Land Price
  • Presenter
  • Setsunan University
  • Masafumi Kozuka
  • University of Marketing and Distribution Sciences
  • Tatsuya Morisawa
  • Discussant
  • Doshisha University
  • Shin-ichi Kitasaka
(3)Management Earnings Forecasts and Investor Trust: Signaling Effect of Corporate Social Responsibility
  • Presenter
  • Waseda University
  • Megumi Suto
  • Waseda University
  • Hitoshi Takehara
  • Discussant
  • Hitotsubashi University
  • Masaharu Hanazaki
Room D(South Building No.3, Room 401)
Session:Financial History
  • Chair
  • Nihon University
  • Michiru Sawada
(1)Ryo/Mon Exchange Rate and Coinage Policy during the Tanuma Period in Japan
  • Presenter
  • Keio University
  • Noriko Fujii
  • Discussant
  • Keio University
  • Shigehiko Ioku
(2)Money Doctors and the Monetary Reform Debate during the Late 19th Century in Japan
  • Presenter
  • Waseda University
  • Masato Shizume
  • Discussant
  • Tokyo Metropolitan University
  • Noburu Kobayashi
(3)UK Banking Act 1979 and the Bank of England: Policy Stance and Implications for the European Banking Union
  • Presenter
  • Kanazawa University
  • Hideki Sato
  • Discussant
  • Waseda University
  • Kazuhiko Yago

5.< -

Room E(South Building No.3, Room 301)
Panel Session: Why has the Bank of Japan not Achieved "Price Stability Target" of 2 Percent?
  • Chair
  • Mizuho Research Institute Ltd
  • Kazuo Momma
(1)Factors "Stabilizing" Prices in Japan
  • Presenter
  • Totan Research
  • Izuru Kato
(2)Regime Switching of Inflation and Monetary Policy
  • Presenter
  • Marusan Securities
  • Seiji Adachi
(3)Why has Japan Failed to Escape from Deflation?
  • Presenter
  • University of Tokyo
  • Tsutomu Watanabe
  • Discussant
  • Seijo University
  • Mahito Uchida

6.< - > Invited Lecture

Room F (South Building No.3, Room 201)
  • Chair
  • Gakushuin University
  • Junko Shimizu
  • Speaker
  • President, Government Pension Investment Fund (GPIF)
  • Norihiro Takahashi
Theme:Asset Management of GPIF

7.< - > General Meeting

Room F (South Building No.3, Room 201)

8.< - > Reception

University Cafeteria in Hojin Kaikan

, Sunday

Registration: East Building No.2, 1st Floor (from

9.< -

Room A(South Building No.3, Room 103)
Session:Monetary Policy and Macroeconomics Ⅱ
  • Chair
  • Ministry of Internal Affairs and Communications
  • Yukie Sakuragawa
(1)The Response of Corporate Financing and Investment to Expansionary Monetary Policy: Evidence from China
  • Presenter
  • Ph.D. Student, Waseda University
  • Cai Yue
  • Discussant
  • Daito Bunka University
  • Hiroshi Gunji
(2)Stock Lending Market and the BOJ's ETF Purchasing Program: Micro-Evidence from ETF Balance Sheet Data and Equity Repo Trading Data
  • Presenter
  • Tokio Marine & Nichido Fire Insurance Co., Ltd
  • Kou Maeda
  • Waseda University
  • Junnosuke Shino
  • Discussant
  • The University of Manchester
  • Yoichi Otsubo
(3)The Collateral Channel versus the Bank Lending Channel: Evidence from a Massive Earthquake
  • Presenter
  • Hitotsubashi University
  • Iichiro Uesugi
  • Hitotsubashi University
  • Daisuke Miyakawa
  • Gakushuin University
  • Kaoru Hosono
  • Chuo University
  • Arito Ono
  • Kobe University
  • Hirofumi Uchida
  • Discussant
  • Kobe University
  • Masahiko Shibamoto
Room B(South Building No.3, Room 104)
Session:Corporate Finance
  • Chair
  • Hitotsubashi University
  • Yukihiro Yasuda
(1)Foreign Exchange Risk Management for Asian Currencies
  • Presenter
  • Asia University
  • Hiroshi Akabane
  • Discussant
  • Chuo University
  • Taiyo Yoshimi
(2)The Financial Effect of Airport Concessions: An Empirical Analysis
  • Presenter
  • Meiji University
  • Daisuke Asaoka
  • Discussant
  • Chuo University
  • Toyoharu Takahashi
(3)Corporate Performance of Japanese Firms’ Cross-Border M&As
  • Presenter
  • Chuo University
  • Satoshi Koibuchi
  • Ph.D. Student, Hitotsubashi University
  • Mizuki Goto
  • Discussant
  • Tokyo Keizai University
  • Masaya Ishikawa
Room C(South Building No.3, Room 202)
Session:Currency Exchange and Capital Flow
  • Chair
  • Musashi University
  • Sanae Ohno
(1)Evaluating the Effectiveness of Foreign Exchange Intervention Using Counterfactual Analysis: Evidence from Japanese Intervention Episodes, 2010-2011
  • Presenter
  • Kobe City University of Foreign Studies
  • Taro Esaka
  • Kobe City University of Foreign Studies
  • Takao Fujii
  • Discussant
  • Kindai University
  • Takeshi Hoshikawa
(2)International Portfolio Rebalancing and Equity Market Spillovers
  • Presenter
  • Shiga University
  • Yushi Yoshida
  • Discussant
  • Konan University
  • Kimiko Sugimoto
(3)Unemployment in a Balassa-Samuelson Model with Heterogeneous Job Separations
  • Presenter
  • University of South Australia
  • Noel Gaston
  • Chuo University
  • Taiyo Yoshimi
  • Discussant
  • Waseda University
  • Masashige Hamano

10.< -

Room E(South Building No.3, Room 301)
Panel Session: AI and Asset Management
  • Chair
  • Kobe University
  • Kentaro Iwatsubo
(1)Dynamic Detection of Cross-Sectional Factors; AI Approach
  • Presenter
  • Kwansei Gakuin University / Magne-Max Capital Management
  • Katsuhiko Okada
(2)How much can artificial intelligence be useful for asset management?
  • Presenter
  • Ibaraki University / Daiwa Asset Management Co.Ltd.
  • Tomoya Suzuki
(3)Forex short-term forecasting with AlpacaAI
  • Presenter
  • AlpacaJapan Co.,Ltd
  • Tomoya Kitayama

11.< - > Lunch

12.< -

Room F(South Building No.3, Room 201)
Symposium: Abenomics: Past, Present, and Future
  • Chair
  • University of Tokyo
  • Shin-ichi Fukuda
(1)Abenomics: Firing Point and Landing Point of the Third Arrows
  • Presenter
  • Columbia University / The National Graduate Institute for Policy Studies
  • Takatoshi Ito
(2)Changes of Abenomics and Monetary Policy
  • Presenter
  • Rissho University
  • Kazuto Ikeo
(3)Backgrounds of Prolonged Mild Deflation in Japan
  • Presenter
  • Ricoh Institute of Sustainability and Business
  • Takashi Kozu

Program Committee

  • Masato Shizume (Waseda University, Chair)
  • Kohei Aono (Ritsumeikan University)
  • Junko Shimizu (Gakushuin University)
  • Hidehiko Ishihara (Senshu University)
  • Hiroyuki Seshimo (Senshu University)
  • Takayasu Ito (Meiji University)
  • Toyoharu Takahashi (Chuo University)
  • Kazuyuki Inagaki (Nagoya City University)
  • Yosuke Takeda (Sophia University)
  • Kentaro Iwatsubo (Kobe University)
  • Yoshiro Tsutsui (Konan University)
  • Iichiro Uesugi (Hitotsubashi University)
  • Shin-ichi Fukuda (University of Tokyo)
  • Mahito Uchida (Seijo University)
  • Kaoru Hosono (Gakushuin University)
  • Akira Ehiro (Konan University)
  • Fumiharu Mieno (Kyoto University)
  • Sanae Ohno(Musashi University)
  • Susumu Mitani (Rikkyo University)
  • Arito Ono (Chuo University)
  • Hideaki Murase (Gakushuin University)
  • Kentaro Kawasaki (Toyo University)
  • Kazuhiko Yago (Waseda University)
  • Yukie Sakuragawa(Ministry of Internal Affairs and Communications)
  • Yukihiro Yasuda (Hitotsubashi University)
  • Michiru Sawada (Nihon University)
  • Yuji Yoshida(Shiga University)

Executive Committee

  • Junko Shimizu(Chair)
  • Ken-ichi Tatsumi
  • Kaoru Hosono
  • Hideaki Murase

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