Special Lectures

Japan’s Economy and the Role of the Bank of Japan

Eiko Shinotsuka

Survey Paper

Microeconomics of Credit Rationing Theories

Kazuhisa Kudoh and Choi-Yong-Suk

Articles

The Controllability of High-powered Money and Market Operations in Japan	Ryuichi Nakagawa
Causality from Money Supply Growth to GDP Growth in Japan	Hidehiro Ikeno
Investment Performances of Main Investor Groups in Japanese Stock Market	Akiko Murase

Notes

Determinant of Yen-dollar Rate from 1987 to 1996	Shinya Kobayashi
Recent Changes of the Main Bank Relationships in Japan	Shinichi Hirota and Toshihiro Horiuchi

Book Reviews

Muramoto, T. (Kusumoto, H.) Muraoka, S. (Kon-i, H.) Mikitani, R. and K. Ishigaki (Furukawa, A.) Ogawa, K. and S. Kitasaka (Miyagawa, T.) Takagi, H., A. Kuroda and Y. Watanabe (Inoue, H.) Shimohirao, I. (Maehata, Y.) Okada, K. (Nishimura, H.) Yamada, K. (Kaiho, Y.)