Vertical Lands and Horizontal Gods: Is East “East” and West “West”?
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On the Internationalization of the Japanese Yen
This PDF is a selection from an out-of-print volume from the National Bureau of Economic Research Volume Title: Macroeconomic Linkage: Savings, Exchange Rates, and Capital Flows, NBER-EASE Volume 3 Volume Author/Editor: Takatoshi Ito and Anne Krueger, editors Volume Publisher: University of Chicago Press Volume ISBN: 0-226-38669-4 Volume URL: http://www.nber.org/books/ito_94-1 Conference Date: June 17-19, 1992 Publication Date: January 1994 Chapter Title: On the Internationalization of the Japanese Yen Chapter Author: Hiroo Taguchi Chapter URL: http://www.nber.org/chapters/c8538 Chapter pages in book: (p. 335 - 357) 13 On the Internationalization of the Japanese Yen Hiroo Taguchi The internationalization of the yen is a widely discussed topic, among not only economists but also journalists and even politicians. Although various ideas are discussed under this heading, three are the focus of attention: First, and the most narrow, is the use of yen by nonresidents. Second is the possibility of Asian economies forming an economic bloc with Japan and the yen at the center. Third, is the possibility that the yen could serve as a nominal anchor for Asian countries, resembling the role played by the deutsche mark in the Euro- pean Monetary System (EMS). Sections 13.1-13.3 of this paper try to give a broad overview of the key facts concerning the three topics, above. The remaining sections discuss the international role the yen could play, particularly in Asia. 13.1 The Yen as an Invoicing Currency Following the transition to a floating exchange rate regime, the percentage of Japan’s exports denominated in yen rose sharply in the early 1970s and con- tinued to rise to reach nearly 40 percent in the mid- 1980s, a level since main- tained (table 13.1). -
Institutions, Competition, and Capital Market Integration in Japan
NBER WORKING PAPER SERIES INSTITUTIONS, COMPETITION, AND CAPITAL MARKET INTEGRATION IN JAPAN Kris J. Mitchener Mari Ohnuki Working Paper 14090 http://www.nber.org/papers/w14090 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts Avenue Cambridge, MA 02138 June 2008 A version of this paper is forthcoming in the Journal of Economic History. We gratefully acknowledge the assistance of Ronald Choi, Jennifer Combs, Noriko Furuya, Keiko Suzuki, and Genna Tan for help in assembling the data. Mitchener would also like to thank the Institute for Monetary and Economic Studies at the Bank of Japan for its hospitality and generous research support while serving as a visiting scholar at the Institute in 2006, and the Dean Witter Foundation for additional financial support. We also thank conference participants at the BETA Workshop in Strasbourg, France and seminar participants at the Bank of Japan for comments and suggestions. The views presented in this paper are solely those of the authors, and do not necessarily represent those of the Bank of Japan, its staff, or the National Bureau of Economic Research. NBER working papers are circulated for discussion and comment purposes. They have not been peer- reviewed or been subject to the review by the NBER Board of Directors that accompanies official NBER publications. © 2008 by Kris J. Mitchener and Mari Ohnuki. All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission provided that full credit, including © notice, is given to the source. Institutions, Competition, and Capital Market Integration in Japan Kris J. Mitchener and Mari Ohnuki NBER Working Paper No. -
Copper in the Early Modern Sino-Japanese Trade Monies, Markets, and Finance in East Asia, 1600–1900
Copper in the Early Modern Sino-Japanese Trade Monies, Markets, and Finance in East Asia, 1600–1900 Edited by Hans Ulrich Vogel VOLUME 7 The titles published in this series are listed at brill.com/mmf Copper in the Early Modern Sino-Japanese Trade Edited by Keiko Nagase-Reimer LEIDEN | BOSTON Cover illustration: From “Scroll with views of the Dutch Factory and Chinese Quarter in Nagasaki 唐館図 蘭館図絵巻” drawn by Ishizaki Yūshi 石崎融思. Courtesy of Nagasaki Museum of History and Culture 長崎歴史文化博物館. Library of Congress Cataloging-in-Publication Data Names: Nagase-Reimer, Keiko. Title: Copper in the early modern Sino-Japanese trade / edited by Keiko Nagase-Reimer. Description: Leiden : Brill, 2016. | Series: Monies, markets, and finance in East Asia, 1600-1900, ISSN 2210-2876 ; volume 7 | Includes bibliographical references and index. Identifiers: LCCN 2015029107| ISBN 9789004299450 (hardback : acid-free paper) | ISBN 9789004304512 (e-book) Subjects: LCSH: Copper industry and trade—Japan—History. | Copper industry and trade—China—History. | Japan—Commerce—China—History. | China--Commerce—Japan—History. | Japan—Economic conditions—1600–1868. Classification: LCC HD9539.C7 J323 2016 | DDC 382/.4566930952—dc23 LC record available at http://lccn.loc.gov/2015029107 This publication has been typeset in the multilingual “Brill” typeface. With over 5,100 characters covering Latin, ipa, Greek, and Cyrillic, this typeface is especially suitable for use in the humanities. For more information, please see www.brill.com/brill-typeface. issn 2210-2876 isbn 978-90-04-29945-0 (hardback) isbn 978-90-04-30451-2 (e-book) Copyright 2016 by Koninklijke Brill nv, Leiden, The Netherlands. Koninklijke Brill nv incorporates the imprints Brill, Brill Hes & De Graaf, Brill Nijhoff, Brill Rodopi and Hotei Publishing. -
CANON INC. (Exact Name of the Registrant As Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM SD SPECIALIZED DISCLOSURE REPORT CANON INC. (Exact name of the registrant as specified in its charter) JAPAN 001-15122 (State or other jurisdiction of (Commission (IRS Employer incorporation or organization) File Number) Identification No.) 30-2, Shimomaruko 3-chome , Ohta-ku, Tokyo 146-8501, Japan (Address of principle executive offices) (Zip code) Eiji Shimizu, +81-3-3758-2111, 30-2, Shimomaruko 3-chome, Ohta-ku, Tokyo 146-8501, Japan (Name and telephone number, including area code, of the person to contact in connection with this report.) Check the appropriate box to indicate the rule pursuant to which this form is being filed and provide the period to which the information in this form applies: Rule 13p-1 under the Securities Exchange Act (17 CFR 240.13p-1) for the reporting period from January 1, 2017 to December 31, 2017. Section 1 - Conflict Minerals Disclosure Established in 1937, Canon Inc. is a Japanese corporation with its headquarters in Tokyo, Japan. Canon Inc. is one of the world’s leading manufacturers of office multifunction devices (“MFDs”), plain paper copying machines, laser printers, inkjet printers, cameras, diagnostic equipment and lithography equipment. Canon Inc. earns revenues primarily from the manufacture and sale of these products domestically and internationally. Canon Inc. and its consolidated companies fully have been aware of conflict minerals issue and have been working together with business partners and industry entities to address the issue of conflict minerals. In response to Rule 13p-1, Canon Inc. conducted Reasonable Country of Origin Inquiry and due diligence based on the “OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas,” for its various products. -
Places of Employment of Graduates from Faculty/Graduate School (Master's Program) (FY2015)
Places of Employment of Graduates from Faculty/Graduate School (Master's Program) (FY2015) Faculty of Letters/Graduate School of Humanities ● Sumitomo Mitsui Banking Corp. ● Nippon Life Insurance Co. ● Osaka Customs ● Sumitomo Mitsui Trust Bank, Ltd. ● Teacher (JH&HS) ● Kobe Customs ● The Bank of Tokyo-Mitsubishi UFJ, Ltd. ● Hyogo Prefectural High School ● Kobe City Office ● Bank of Japan ● Osaka Regional Taxation Bureau ● Toyonaka City Office ● Japan Post Bank Co., Ltd. ● Japan MINT ● Hiroshima Home Television Co.,Ltd. ● Mizuho Securities Co., Ltd. ● Ministry of Education, Culture, Sports, Science and Technology ● Japan Broadcasting Corporation ● Daiwa Securities Co., Ltd. ● Osaka Public Prosecutors Office ● Kobe Steel,Ltd. ● Japan Post Insurance Co.,Ltd. ● Kobe District Court ● Mitsubishi Electric Corp. Faculty of Intercultural Studies/Graduate School of Intercultural Studies ● Ministry of Foreign Affairs of Japan ● Nippon Life Insurance Company ● Toyota Motor Corp. ● Osaka Immigration Bureau ● SUMITOMO LIFE INSURANCE COMPANY ● KANEKA CORPORATION ● Kansai Bureau of Economy ● Sumitomo Mitsui Banking Corp. ● Mitsubishi Electric Corp. ● Tokyo Metropolitan Government ● Resona Bank, Ltd. ● New Kansai International Airport Co., Ltd. ● Kobe City Office ● Mizuho Bank, Ltd. ● Daiwa Institute of Research Ltd. ● Hyogo Prefectural Museum of Art ● The Bank of Tokyo-Mitsubishi UFJ, Ltd. ● TAISEI CORPORATION ● Kansai Telecasting Corporation ● Tokyo Electric Power Company Holdings, Inc. ● Kobe Steel,Ltd. ● Japan Broadcasting Corp. ● THE KANSAI ELECTRIC POWER Co., INC. ● Hitachi, Ltd. Faculty of Human Development/Graduate School of Human Development and Environment ● Suntory Holdings Ltd. ● Mitsubishi Corp. ● Hyogo Prefectural High school ● ASICS Corp. ● Mizuho Bank, Ltd. ● Osaka Prefectural High school ● Kobe Steel,Ltd. ● The Bank of Tokyo-Mitsubishi UFJ, Ltd. ● Ministry of Health, Labour and Welfare ● Murata Manufacturing Co., Ltd. -
Bank of Japan's Exchange-Traded Fund Purchases As An
ADBI Working Paper Series BANK OF JAPAN’S EXCHANGE-TRADED FUND PURCHASES AS AN UNPRECEDENTED MONETARY EASING POLICY Sayuri Shirai No. 865 August 2018 Asian Development Bank Institute Sayuri Shirai is a professor of Keio University and a visiting scholar at the Asian Development Bank Institute. The views expressed in this paper are the views of the author and do not necessarily reflect the views or policies of ADBI, ADB, its Board of Directors, or the governments they represent. ADBI does not guarantee the accuracy of the data included in this paper and accepts no responsibility for any consequences of their use. Terminology used may not necessarily be consistent with ADB official terms. Working papers are subject to formal revision and correction before they are finalized and considered published. The Working Paper series is a continuation of the formerly named Discussion Paper series; the numbering of the papers continued without interruption or change. ADBI’s working papers reflect initial ideas on a topic and are posted online for discussion. Some working papers may develop into other forms of publication. Suggested citation: Shirai, S.2018.Bank of Japan’s Exchange-Traded Fund Purchases as an Unprecedented Monetary Easing Policy.ADBI Working Paper 865. Tokyo: Asian Development Bank Institute. Available: https://www.adb.org/publications/boj-exchange-traded-fund-purchases- unprecedented-monetary-easing-policy Please contact the authors for information about this paper. Email: [email protected] Asian Development Bank Institute Kasumigaseki Building, 8th Floor 3-2-5 Kasumigaseki, Chiyoda-ku Tokyo 100-6008, Japan Tel: +81-3-3593-5500 Fax: +81-3-3593-5571 URL: www.adbi.org E-mail: [email protected] © 2018 Asian Development Bank Institute ADBI Working Paper 865 S. -
The Causes of the Japanese Lost Decade: an Extension of Graduate Thesis
The Causes of the Japanese Lost Decade: An Extension of Graduate Thesis 経済学研究科経済学専攻博士後期課程在学 荒 木 悠 Haruka Araki Table of Contents: Ⅰ.Introduction Ⅱ.The Bubble and Burst: the Rising Sun sets into the Lost Decade A.General Overview Ⅲ.Major Causes of the Bubble Burst A.Financial Deregulation B.Asset Price Deflation C.Non-Performing Loans D.Investment Ⅳ.Theoretical Background and Insight into the Japanese Experience Ⅴ.Conclusion Ⅰ.Introduction The “Lost Decade” – the country known as of the rising sun was not brimming with rays of hope during the 1990’s. Japan’s economy plummeted into stagnation after the bubble burst in 1991, entering into periods of near zero economic growth; an alarming change from its average 4.0 percent growth in the 1980’s. The amount of literature on the causes of the Japanese economic bubble burst is vast and its content ample, ranging from asset-price deflation, financial deregulation, deficient banking system, failing macroeconomic policies, etc. This paper, an overview of this writer’s graduate thesis, re-examines the post-bubble economy of Japan, an endeavor supported by additional past works coupled with original data analysis, beginning with a general overview of the Japanese economy during the bubble compared to after the burst. Several theories carried by some scholars were chosen as this paper attempts to relate the theory to the actuality of the Japanese experience during the lost decade. - 31 - Ⅱ.The Bubble and Burst: the Rising Sun to the Lost Decade A. General Overview The so-called Japanese “bubble economy” marked high economic growth. The 1973 period of high growth illustrated an average real growth rate of GDP/capita of close to 10 percent. -
International Trading Companies: Building on the Japanese Model Robert W
Northwestern Journal of International Law & Business Volume 4 Issue 2 Fall Fall 1982 International Trading Companies: Building on the Japanese Model Robert W. Dziubla Follow this and additional works at: http://scholarlycommons.law.northwestern.edu/njilb Part of the International Law Commons Recommended Citation Robert W. Dziubla, International Trading Companies: Building on the Japanese Model, 4 Nw. J. Int'l L. & Bus. 422 (1982) This Article is brought to you for free and open access by Northwestern University School of Law Scholarly Commons. It has been accepted for inclusion in Northwestern Journal of International Law & Business by an authorized administrator of Northwestern University School of Law Scholarly Commons. Northwestern Journal of International Law & Business International Trading Companies: Building On The Japanese Model Robert W. Dziubla* Passageof the Export Trading Company Act of 1982provides new op- portunitiesfor American business to organize and operate general trading companies. Afterpresenting a thorough history and description of the Japa- nese sogoshosha, Mr. Dziubla gives several compelling reasonsfor Ameri- cans to establish export trading companies. He also examines the changes in United States banking and antitrust laws that have resultedfrom passage of the act, and offers suggestionsfor draftingguidelines, rules, and regula- tionsfor the Export Trading Company Act. For several years, American legislators and businessmen have warned that if America is to balance its international trade-and in particular offset the cost of importing billions of dollars worth of oil- she must take concrete steps to increase her exporting capabilities., On October 8, 1982, the United States took just such a step when President Reagan signed into law the Export Trading Company Act of 1982,2 which provides for the development of international general trading companies similar to the ones used so successfully by the Japanese. -
A Naturalist Lost – CP Thunberg's Disciple Johan Arnold
九州大学学術情報リポジトリ Kyushu University Institutional Repository A naturalist lost – C. P. Thunberg’s disciple Johan Arnold Stützer (1763–1821) in the East Indies Wolfgang, Michel Faculty of Languages and Cultures, Kyushu University : Professor emeritus http://hdl.handle.net/2324/1563681 出版情報:Japanese collections in European museums : reports from the Toyota-Foundation- Symposium Königswinter 2003. 3, pp.147-162, 2015-03-01. Bier'sche Verlagsanstalt バージョン: 権利関係: A NATURALIST LOST - C. P. THUNBERG'S DISCIPLE JOHAN ARNOLD STUTZER (1763-1821) IN THE EAST INDIES Wolfgang MICHEL, Fukuoka Johan Arnold Stiitzer was one of two disciples man barber surgeon, Martin Christian Wilhelm of the renowned Swedish scholar Carl Peter Stiitzer (1727- 1806). Martin Stiitzer had im Thunberg who traveled overseas as an employ migrated from Oranienburg (Prussia) to Stock ee of the Dutch East India Company to lay the holm during the 17 50s. After traveling to the foundations of an academic career. Following West Indies in 1757 and undertaking further in the footsteps of his famous teacher, he even studies including an examination to become managed to work as a surgeon at the Dutch trad a surgeon in 1760, he married Anna Maria ing post ofDejima in Nagasaki. However, after Soem (?- 1766), whose father, Christian Soem years of rapidly changing circumstances and ( 1694-1775), was also a barber surgeon. 1 twists and turns, this promising young naturalist Surgeons were educated and organized settled down to serve the British in Ceylon with in guilds and, like his father-in-law, Martin out ever returning to Europe. While most of the Stiitzer took part in the fight for recognition objects collected by Westerners in Japan ended and reputation. -
Japanese Monetary Policy and the Yen: Is There a “Currency War”? Robert Dekle and Koichi Hamada
Japanese Monetary Policy and the Yen: Is there a “Currency War”? Robert Dekle and Koichi Hamada Department of Economics USC Department of Economics Yale University April 2014 Very Preliminary Please do not cite or quote without the authors’ permission. All opinions expressed in this paper are strictly those of the authors and should not necessarily be attributed to any organizations the authors are affiliated with. We thank seminar participants at the University of San Francisco, the Development Bank of Japan, and the Policy Research Institute of the Japanese Ministry of Finance for helpful comments. Abstract The Japanese currency has recently weakened past 100 yen to the dollar, leading to some criticism that Japan is engaging in a “currency war.” The reason for the recent depreciation of the yen is the expecta- tion of higher inflation in Japan, owing to the rapid projected growth in Japanese base money, the sum of currency and commercial banking reserves at the Bank of Japan. Hamada (1985) and Hamada and Okada (2009) among others argue that in general, the expansion of the money supply or the credible an- nouncement of a higher inflation target does not necessarily constitute a “currency war”. We show through our empirical analysis that expan- sionary Japanese monetary policies have generally helped raise U.S. GDP, despite the appreciation of the dollar. 1 Introduction. The Japanese currency has recently weakened past 100 yen to the dollar, leading to criticism that Japan is engaging in a “currency war.” The reason for the recent depreciation of the yen is the expectation of higher inflation in Japan, owing to the rapid projected growth in Japanese base money, the sum of currency and commercial banking reserves at the Bank of Japan. -
Of Mice and Maidens: Ideologies of Interspecies Romance in Late Medieval and Early Modern Japan
University of Pennsylvania ScholarlyCommons Publicly Accessible Penn Dissertations 2014 Of Mice and Maidens: Ideologies of Interspecies Romance in Late Medieval and Early Modern Japan Laura Nuffer University of Pennsylvania, [email protected] Follow this and additional works at: https://repository.upenn.edu/edissertations Part of the Asian Studies Commons, and the Medieval Studies Commons Recommended Citation Nuffer, Laura, "Of Mice and Maidens: Ideologies of Interspecies Romance in Late Medieval and Early Modern Japan" (2014). Publicly Accessible Penn Dissertations. 1389. https://repository.upenn.edu/edissertations/1389 This paper is posted at ScholarlyCommons. https://repository.upenn.edu/edissertations/1389 For more information, please contact [email protected]. Of Mice and Maidens: Ideologies of Interspecies Romance in Late Medieval and Early Modern Japan Abstract Interspecies marriage (irui kon'in) has long been a central theme in Japanese literature and folklore. Frequently dismissed as fairytales, stories of interspecies marriage illuminate contemporaneous conceptions of the animal-human boundary and the anxieties surrounding it. This dissertation contributes to the emerging field of animal studies yb examining otogizoshi (Muromachi/early Edo illustrated narrative fiction) concerning elationshipsr between human women and male mice. The earliest of these is Nezumi no soshi ("The Tale of the Mouse"), a fifteenth century ko-e ("small scroll") attributed to court painter Tosa Mitsunobu. Nezumi no soshi was followed roughly a century later by a group of tales collectively named after their protagonist, the mouse Gon no Kami. Unlike Nezumi no soshi, which focuses on the grief of the woman who has unwittingly married a mouse, the Gon no Kami tales contain pronounced comic elements and devote attention to the mouse-groom's perspective. -
Japanese Business Concepts You Should Know
1 Japanese Business Concepts You Should Know Edited by Parissa Haghirian Sophia University Tokyo, Japan 2 Contents About this Book ......................................................................................... 4 The Editor ................................................................................................ 5 Japanese Business Concepts You Should Know ................................................. 6 Contributors of This Book ............................................................................ 94 Bibliography ............................................................................................ 96 Further Reading on Japanese Management .................................................... 102 3 About this Book This book is the result of one of my “Management in Japan” classes held at the Faculty of Liberal Arts at Sophia University in Tokyo. Students wrote this dictionary entries, I edited and updated them. The document is now available as a free e-book at my homepage www.haghirian.com. We hope that this book improves understanding of Japanese management and serves as inspiration for anyone interested in the subject. Questions and comments can be sent to [email protected]. Please inform the editor if you plan to quote parts of the book. Japanese Business Concepts You Should Know Edited by Parissa Haghirian First edition, Tokyo, October 2019 4 The Editor Parissa Haghirian is Professor of International Management at Sophia University in Tokyo. She lives and works in Japan since 2004