- 1980 Ph.D. (Economics) Harvard University
- 1980 Assistant Professor, Department of Economics, Northwestern University
- 1982 Associate Professor, Institute of Socio-Economic Planning, University of Tsukuba
- 1985 Associate Professor, Department of Economics, Osaka University
- 1988 Professor, Department of Economics, University of Pennsylvania
- 1993 Carl Shoup Professor of Japanese Economy, Department of Economics, Columbia University
- 1995 Professor, Department of Economics, University of Tokyo
- 2009 Professor, International Corporate Strategy, Hitotsubashi University
- 2015 Professor, National Graduate Institute for Policy Studies (GRIPS)
Macroeconomics, Applied Econometrics
- "The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy", co-authored with Edward C. Prescott, Journal of Political Economy, August 2008.
- "Emerging Market Currency Excess Returns", co-authored with S. Gilmore, American Economic Journal: Macroeconomics, October 2011.
- "The Fundamentals of Commodity Futures Returns", co-authored with Gary Gorton and Geert Rouwenhorst, Review of Finance, January 2013.
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