The Effectiveness of Japan’s Negative Interest Rate Policy
Structural reform, not monetary policy, is key to lifting Japan out of long-term recession.
Decline in Oil Prices and the Negative Interest Rate Policy in Japan
Japan's unsuccessful attempt to achieve a 2% inflation rate using quantitative and qualitative easing policies is partly due to the decline in oil prices. This paper explains why and offers policy recommendations.
Optimal Credit Guarantee Ratio for Asia
The optimal credit guarantee ratio is determined by government policy, economic conditions, and financial soundness of banks.
Major Challenges Facing Small and Medium-sized Enterprises in Asia and Solutions for Mitigating Them
This paper examines the growth of small and medium-sized enterprises (SMEs) in Asia.
Causes and Remedies for Japan’s Long-Lasting Recession: Lessons for the People’s Republic of China
This paper examines the reasons behind Japan’s “lost decade” and proposes lessons that could help the People’s Republic of China.
Role of the Credit Risk Database in Developing SMEs in Japan: Lessons for the Rest of Asia
This paper discusses the importance of collecting data on SMEs, drawing on the example of Japan’s Credit Risk Database.
Macroeconomic Effects of Oil Price Fluctuations on Emerging and Developed Economies in a Model Incorporating Monetary Variables
This paper examines the impact of oil price movements on macro variables in the People’s Republic of China, Japan, and the United States.
Oil Price Fluctuations and Oil Consuming Sectors: An Empirical Analysis of Japan
In this research, we try to shed light on the impact of crude oil price volatility on each sector in Japan, the world’s third-largest crude oil consumer.
SME Credit Risk Analysis Using Bank Lending Data: An Analysis of Thai SMEs
This paper examines how a credit rating scheme for SMEs can be developed, when access to other financial and non-financial ratios is not possible, by using data on lending by banks to SMEs.
Optimal Fiscal Policy Rule for Achieving Fiscal Sustainability: A Japanese Case Study
This paper will show that the Domar condition is obtained only from the government budget constraint (namely the supply of government bonds) and does not take into account the demand for government bonds.