Published papers (E)
Disentangling the effect of home ownership on household stockholdings: Evidence from Japanese micro data (with Arito Ono, Amane Saito, and Hidenobu Tokuda) Real Estate Economics, 2021: 1- 28, 2021.
Impact of exchange rate shocks on Japanese exports: Quantitative assessment using a structural VAR model (with Hayato Nakata), Journal of the Japanese and International Economies 46, 1-16, 2017.
Abenomics and Beyond: The Japanese Economy in the 2010s in Marcus Noland and Charles E. Morrison eds., Strengthening North Pacific Cooperation (May 15, 2015). KIEP Research Paper, Conference Proceeding 15-01. (Posted: 9 Mar 2017)
Comparing Fiscal Problems in Japan and the United States, in Lessons from Decades Lost: Economic Challenges and Opportunities Facing Japan and the United States, PIIE Briefing No.14-4, Peterson Institute of International Economics, p.43-55, 2014.
The Consumption–Wealth Ratio, Real Estate Wealth, and the Japanese Stock Market (with Kohei Aono), Japan and the World Economy 25:1, 39-51, 2013.
Understanding the Decline in Japan's Saving Rate in the New Millennium (with Keiko Okada), Japan and the World Economy 24:3, 163-73, 2012.
Forecasting Japanese Stock Returns with Financial Ratios and Other Variables (with Kohei Aono), Asia-Pacific Financial Markets 18:4, 373-384, 2011.
On the Predictability of Japanese Stock Returns Using Dividend Yield (with Kohei Aono), Asia-Pacific Financial Markets, 17:2, 141-149, 2010.
Household Portfolios in Japan, Japan and the World Economy 21:4, 373-38, 2009.
Corporate Investment and Restructuring in Reviving Japan's Economy: Problems and Prescriptions, edited by Takatoshi Ito, Hugh Patrick and David E. Weinstein, MIT Press, 2005. This is a working paper version (IER Discussion Paper, #A.460, December 2004).
Does International Diversification Really Diversify Risks? Journal of the Japanese and International Economies 16:1, 109-134, 2002.
Explaining Asset Bubbles in Japan (with Takatoshi Ito): This is the final version appeared in Bank of Japan Monetary and Economic Studies, 14, July 1996, pp.143-193. No PDF file is available from Bank of Japan's website. Earlier version appeared as NBER working paper #5358.