Working Papers

"Do Firing Costs Increase Human Capital Accumulation? Evidence From Germany." Reject and resubmit at International Economic Review.

"Cyclicality and Asymmetry of the User Cost of Labor," with Tomohide Mineyama. Online Appendix. Revision requested at Quantitative Economics.

"Inventor Mobility, Knowledge Diffusion, and Growth," with Yasutaka Koike-Mori and Koki Okumura. The 26th Moriguchi Prize.

Publication

"Inflation Expectations Curve in Japan," with Kenji Suganuma. Japanese Journal of Monetary and Financial Economics, 2020.

Other Articles

"Exploratory Scenario Analysis Considering the Growing Presence of Domestic and Foreign Investment Funds," with Yuki Konaka and Fumitaka Nakamura. Bank of Japan Working Paper Series No.25-E-11, 2025.  

"Labor Market Concentration, Wage Markdown, and International Business Cycles," 2022. 

"Flattening of the Wage Phillips Curve and Downward Nominal Wage Rigidity: The Japanese Experience in the 2010s," with Wataru Hirata and Tomohide Mineyama. Bank of Japan Working Paper Series No.20-E-4, 2020.

"The Consumption Activity Index: Improvements of Release Contents and Revisions of Compilation Methodology," with Koji Nakamura and Ko Miura. BOJ Reports & Research Papers, 2016 (please see here for the latest method and data).