NBER/CIRJE/EIJS

JAPAN PROJECT MEETING

Magnus Blomstrom, Fumio Hayashi, Anil Kashyap, and

David Weinstein, Organizers

September 15-16, 2005

Hotel Okura

Orchard Room, 2nd Floor (South Wing)

2-10-4 Toranomon, Minato-ku

Tokyo 105-8416, Japan

PROGRAM

THURSDAY, SEPTEMBER 15:
8:30 a.m.	Continental Breakfast
9:00 a.m.	The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach
	NOBUYUKI ODA, Bank of Japan
	KAZUO UEDA, University of Tokyo
	Discussant: LARS SVENSSON, Princeton University and NBER
10:00 a.m.	Coffee Break
10:30 a.m.	Structural Transformation and Growth Slowdowns: Japan in the 90s
	WILBUR JOHN COLEMAN, Duke University
	Discussant: RANDALL KROSZNER, University of Chicago and NBER
11:30 a.m.	U.S. R&D and Japanese Medium Cycles
	R. ANTON BRAUN, University of Tokyo
	TOSHIHIRO OKADA, Kwansei Gakuin University
	NAO SUDOU, Bank of Japan
	Discussant: JONATHAN EATON, New York University and NBER
12:30 p.m.	Lunch
.	Lunch Speaker: HIROSHI YOSHIKAWA, University of Tokyo Macroeconomic Policy Making
2:30 p.m.	Coffee Break
3:00 p.m.	Lifetime Employment in Japan: Concepts and Measurements
	HIROSHI ONO, Stockholm School of Economics
	Discussant: KENN ARIGA, Kyoto University
4:00 p.m.	Coffee Break
4:30 p.m.	Firm Age and the Evolution of Borrowing Costs: Evidence from Japanese Small Firms
	KOJI SAKAI, Hitotsubashi University
	IICHIRO UESUGI, Research Institute of Economy, Trade and Industry
	TSUTOMU WATANABE, Hitotsubashi University
	Discussant: STEVEN DAVIS, University of Chicago and NBER
5:30 p.m.	Adjourn
6:30 p.m.	Reception (cocktails and hors d’oeuvres)
	Swedish Embassy
	1-10-3-100 Roppongi
	Minato-ku, Tokyo
FRIDAY, SEPTEMBER 16:
8:30 a.m.	Continental Breakfast
9:00 a.m.	The Evolution of Income Concentration in Japan, 1885-2002: Evidence from Income Tax Statistics
	CHIAKI MORIGUCHI, Northwestern University and NBER
	EMMANUEL SAEZ, UC, Berkeley and NBER
	Discussant: WOJCIECH KOPCZUK, Columbia University and NBER
10:00 a.m.	Coffee Break
10:30 a.m.	The Rise of Deferred Tax Assets in Japan: The Case of the Major Japanese Banks
	DOUGLAS SKINNER, University of Chicago
	Discussant: MITSUHIRO FUKAO, Keio University
11:30 a.m.	A Re-Examination of the Exchange Rate Disconnect Puzzle: Evidence from Japanese Firm Level Data
	ROBERT DEKLE, HYEOK JEONG and
	HEAJIN RYOO, University of Southern California
	Discussant: MAURICE OBSTFELD, UC, Berkeley and NBER
12:30 p.m.	Adjourn

9/9/05