Research

The latest CV (updated frequently): LINK

Peer-reviewed publications (chronological)

• Illiquidity in the Japan Electric Power Exchange.

Journal of Commodity Markets, 2019, 14, 16-39. LINK. supplement.

• Markets for Balancing Power and Transmission Rights Operated by the European TSOs (+ T. Hatta, in Japanese).

RIETI Policy Discussion Paper Series, Jan 2018, 18-P-001. LINK.

• Effects of Short Sale Ban on Financial Liquidity in Crisis and Non-Crisis Periods: A Propensity Score-Matching Approach (+ Y. Zhang).

Applied Economics, 2017, 49(28), 2711-2718. LINK.

• A Note on Mixingale Limit Theorems and Stable Convergence in Law.

Communications in Statistics - Theory and Methods, 2017, 46(19), 9377-9387. LINK. supplement.

• A Dynamic Panel Analysis of Suicide in Japanese Municipalities (+ Y. Zhang).

Economics Bulletin, 2016, 36(2), 640-664. LINK. supplement.

• A Bias-Corrected Estimator of the Covariation Matrix of Multiple Security Prices when both Microstructure Effects and Sampling Durations are Persistent and Endogenous.

Journal of Econometrics, 2016, 193(1), 203-214. LINK. supplement.

• Dynamic Panel Analysis of HKEx Shorting Ban's Impact on the Relationship between Disagreement and Future Returns (+ Y. Zhang).

Finance Research Letters, 2016, 17, 10-16. LINK. supplement.

• Two-Scale Realized Kernels: A Univariate Case.

Journal of Financial Econometrics, 2015, 13(1), 126-165. LINK.

Working papers/in progress (chronological)

• A Contingent Claim Analysis of Suicide. Jan 2018.

GRIPS Discussion Paper Series 13-05 (an earlier version). LINK.

• Graphical Analyses of Occupation-wise Suicide Risk in Japan. May 2016.

GRIPS Discussion Paper Series 16-03 (an earlier version). LINK.

• Corporate Governance and Financial Performance of Publicly Listed Companies in Hanoi Stock Exchange (+ N. T. Nguyen). Aug 2018.
• An Empirical Spectral Measure Approach to Financial Econometrics of High Frequency Data. Oct 2015.

Work experiences

• A project member in "Study on Issues of Electric Power Market Design after 2020", RIETI, October 2018 to present.
• Professor, Otaru University of Commerce, October 2018 to present.
• A vice director, Global Education Division of the Center for Glocal Strategy at Otaru University of Commerce, Apr 2018 to present.
• Associate Professor, Otaru University of Commerce, Aug 2017 to September 2018.
• A project member in "Study on Markets and Policies in the Power System Reform", RIETI, Dec 2015 to Nov 2017.
• Adjunct Instructor, International Christian University, Dec 2012 to Mar 2013.
• Assistant Professor, National Graduate Institute for Policy Studies, Aug 2010 to Jul 2017.

Professional activities

• Member: Econometric Society, American Economic Association, Japan Health Economics Association, and Japanese Association of Financial Econometrics and Engineering.
• Referee: Econometrica, Journal of Econometrics, Econometric Theory, Journal of Financial Econometrics, and Economics Bulletin.

External Research Grants as the Principle Investigator

• "Jisatsu Riskno Kakusani Kansuru Kenkyu" (A study of inequality in suicide risk).

Japan Society for the Promotion of Science, Grant-in-Aid for Challenging Exploratory Research, Grant No. 16K13359. 2016 - 2018.

• "Shokushubetsu Jisatsu Riskno Jisshou Bunseki" (Empirical studies of occupation-wise suicide risk).

Japan Society for the Promotion of Science, Grant-in-Aid for Young Scientists B, Grant No. (B) 26780141. 2014 - 2016.

• "Jisatsuno Niji-Iryouken Datano Keiryou Keizai Bunseki" (Econometric Analysis of Suicidal Data in the Second Medical Service Areas).

Japan Society for the Promotion of Science, Grant-in-Aid for Young Scientists B, Grant No. (B) 24730203. 2012 - 2014.

External Research Grants as a Member

• "Unbundlingto Saisei Kanou Energy Dounyuukano Denryoku Shijouno Kouhindo Micro Data Bunseki" (High Frequency Micro Data Analysis of Power Markets with Unbundling and Renewable Energy).

Japan Society for the Promotion of Science, Challenging Exploratory Research, Grant No. 25590055. 2013 - 2015.

• "Suichokutekini Kanrenshita Fukusuuno Kasenteki Denryokushijouno Jisshou Bunseki" (Empirical Analyses of Vertically Related Multiple Oligopolistic Electricity Markets).

Japan Society for the Promotion of Science, Challenging Exploratory Research, Grand No. 23653064. 2011 - 2013.

Internal Research Grants as a Member

• "Shiribeshi Kannai no Shikuchouson niokeru Jisatsu/Kodokushi nikansuru Kikitori Chousa" (A Survey Study of Suicidal and Isolated Deaths at Municipalities in Shiribeshi Subprefecture).

Otaru University of Commerce Glocal Research Project. 2018.

• "Chiiki Denryoku Shijono Micro/Macro Bnseki: Bottomup to Topdown approachno tougou" (Micro and macro analysis of local electricity markets: Integration of bottom-up and top-down approaches).

National Graduate Institute for Policy Studies, Policy Research Center Research Project. 2015-2017.

• "Unbundlingto Saisei Kanou Energy Dounyuukano Denryoku Shijouno Kouhindo Micro Data Bunseki " (High Frequency Micro Data Analysis of Power Markets with Unbundling and Renewable Energy).

National Graduate Institute for Policy Studies, Policy Research Center Research Project. 2013-2015.

• "Suichokutekini Kanrenshita Fukusuuno Kasenteki Denryokushijouno Jisshou Bunseki" (Empirical Analyses of Vertically Related Multiple Oligopolistic Electricity Markets).

National Graduate Institute for Policy Studies, Policy Research Center Research Project. 2011 - 2013.

Fellowship and Awards

• Boston University Department of Economics Summer Research Grant, Summer 2008, 2009.
• Distinction in Ph.D. Macro Qualifier Exam, Boston University, 2006.
• The Nakajima Foundation Scholarship Program (Management Science), 2005-2010.
• Boston University Graduate School of Management Finance Fellowship, 2005-2006.
• Akira Takayama Economics Thesis Award, International Christian University, 2001.

Conferences and Presentations

• "Corporate Governance and Economic Performance of Publicly Listed Firms in Hanoi Stock Exchange".

Western Economic Association International Meeting, Newcastle, Australia, Jan 2018.

Vietnam Symposium in Banking and Finance, Ho Chi Minh City, Vietnam, Oct 2017 (as the session chair)

• "Effects of Short Sale Ban on Financial Liquidity in Crisis and Non-Crisis Periods".

International Finance and Banking Society Conference, Barcelona, Spain, Jun 1-3, 2016.

• "A Dynamic Panel Analysis of Japanese Municipality-Level Suicide Data".

Japan Health Economics Association Meeting, Kyoto, Japan, Sep, 2015.

Singapore Health Economics Association Conference. Singapore, May 2015.

• "A linkage of Data on Suicide Rates and National Survey of Family Income and Expenditure".

Workshop on Suicide Risk, Institute of Statistical Mathematics, Tokyo, Japan, Feb 2015.

• "A Contingent Claim Analysis of Suicide".

International Conference on Financial Management, Denpasar, Indonesia, Dec 2014.

World Finance Conference, Singapore, Dec 2014.

Econometric Society Australasian Meeting, Hobart, Tasmania, Australia, Jul 2014.

Workshop on Suicide Risk, Institute of Statistical Mathematics, Tokyo, Japan, Oct 2013.

• "Interaction of the Short Sale Ban, Heterogeneous Beliefs, and Liquidity".

Institute for Monetary and Economic Studies, Bank of Japan, Tokyo, Japan, Oct 2013.

• "Empirical Spectral Measure Approach to Financial Econometrics of High Frequency Data".

Asian Meeting of the Econometric Society, Delhi, India, Dec 2012.

Institute of Mathematical Statistics Asia-Pacific Rim Meeting, Tsukuba, Japan, Jul 2012.

• "A Kernel-based Estimator of the Spot Volatility Matrix in the Presence of Market Microstructure, Leverage Effect and Diurnal Heteroskedasticity".

Econometric Society Eastern Asian Meeting, Seoul, South Korea, Aug 2011.

• "A Bias-Corrected Rate-Optimal Estimator of the Covariation Matrix of Multiple Security Prices with Dependent Noise".

Georgia State University; Hong Kong University of Science and Technology; Academia Sinica; Bank of Canada; Institute of Monetary Studies at Bank of Japan.

SETA Meeting, Singapore, Apr 2010 (as the session chair).

• "Two Scale Realized Kernels".

EC² Real Time Econometrics, Aarhus, Denmark. Dec 2009.

Econometric Society Far Eastern and Southeast Asia Meeting, Tokyo, Japan, Aug 2009.

Econometric Society North American Summer Meeting, Boston MA, U.S., Jun 2009.