Program Summary

 

Saturday 17 May

09:00              Registration
09:30~11:45    Panel Session: Subprime and Central Banks (3rd.bldg.003)
                     Session A (3rd.bldg.311) Session C (3rd.bldg.312)
                     Session D (3rd.bldg.321) Session E (3rd.bldg.322)
                     Session B (3rd.bldg.Main Conference Room)
11:50~12:35    Keynote Address from President
12:35~13:35    Lunch Break
13:35~15:50    Panel Session: Revitalizing Society (3rd.bldg.003)
                     Session A (3rd.bldg.311) Session C (3rd.bldg.312)
                     Session D (3rd.bldg.321) Session E (3rd.bldg.322)
                     Session B (3rd.bldg.Main Conference Room)
16:00~17:00    Speech by Commissioner of the FSA (3rd.bldg.003)
17:10~18:10    General Membership Meeting (3rd.bldg.003)
18:15~20:15    Welcome Reception (3rd.bldg.Student Hall)

 

Sunday 18 May

09:30              Registration
10:00~12:15    Panel Session: Development of Subprime Loan Issues (3rd.bldg.003)
                     Session A (3rd.bldg.311) Session C (3rd.bldg.312)
                     Session D (3rd.bldg.321) Session E (3rd.bldg.322)
12:15~13:15    Lunch Break
13:15~16:00    Symposium (3rd.bldg.003)
                     Financial Innovation: Revelation of New Settlement System


2008 Spring Annual Meeting

Saturday 17 May

09:00                 Registration
09:30~11:45     Morning Session
Panel Session: Subprime and Central Banks (3rd.bldg.003)
Saturday 17 May 09:30~11:45

Organizer: Central Bank Section

     Chair:
     Panelist:

 

KURODA, Iwao (Chuo University)
AMEMIYA, Masayoshi (Bank of Japan)
KONISHI, Ryuji (Kyushu University)
KUROSAWA, Yoshitaka (Nihon University)
Session A: Indirect Finance (3rd.bldg.311)
Saturday 17 May 09:30~11:45

 Chair:
Discussant:
  
         

KAMOIKE, Osamu (Tohoku University)
HANASAKI, Masaharu (Development Bank of Japan)
ZUI, Seien (Yokohama City University)
SAITO, Hisahiko (Chiba University of Commerce)
 OHKUMA, Masanori (Graduate School of Waseda University)
        Are Local Banks Needed for Local Economic Growth? Evidence from Japan’s Lost Decade
 KOIBUCHU, Satoshi (Chiba University of Commerce)
        Debt Forgiveness during the “Lost Decade”: Implication from Excess Burdens of Main Bank
 KAMETANI, Shoji (Nihon University)
        An Essay on Market-Oriented Indirect Financing
Session B: Verification of Bank Lending (3rd.bldg.main conference room)
Saturday 17 May 09:30~11:00

Chair:
Discussant:

 
 

HORIE, Yasuhiro (Kyushu University)
OGAWA, Kazuo (Osaka University)
OHTA, Tomoyuki (Mizuho Research Institute)
ONO, Arito (Mizuho Research Institute)
NODA, Akihiko (Mizuho Research Institute)
 KITAMURA, Kimiyo (Graduate School of Chuo University)
        Banks’ Lending Behavior under Uncertain Macroeconomic Environments
 HASUMI, Ryo (Graduate School of Keio University)
 HIRATA, Hideaki (Hosei University)
        Is Credit Scoring Reliable?
Session C: Corporate Finance and Stock Market (3rd .bldg.312)
Saturday 17 May 09:30~11:45

Chair:

KANEKO, Takashi (Keio University)

Discussant:
 

TESHIMA, Nobuyuki (Senshu University)
ARIKAWA, Yasuhiro (Waseda University)
 ISHIKAWA, Masaya (Graduate School of Hitotsubashi University)
        A Event Study of Earnings Announcement – Differences of the Market by the Bank Lending Dependence Degree
 TSUCHIMURA,Yoshiaki (Kanagawa University)
 SUGIURA, Yasuyuki (Nikko Financial Intelligence)
        Effect of Corporate Diversification and Internal Capital Market in Japan
 YUAN, Yuan (Graduate School of Hosei University)
 MOTOHASHI, Kazuyuki (Tokyo University)
        Impact of the Debt Ratio on Firm Investment: A Case Study of Listed Companies in China
Session D: Financial Crisis and Asia (3rd.bldg.321)
Saturday 17 May 09:30~11:45
Chair: SUTO, Megumi (Waseda University)
Discussant:

 
ARIKAWA, Yasuhiro (Waseda University)
YONEZAWA, Yasuhiro (Waseda University)
KAMISAKA, Akiko (Aoyama Gakuin University)

 TAKE, Yasushi (Graduate School of Hitotsubashi University)
        The Investment Environments and Firm behaviors in Southeast Asia after the Financial Crisis: An Empirical
        Study of the Investment  Functions in Indonesia, Malaysia, Philippines, and Thailand
 CHEN, Sichong (Graduate School of Hitotsubashi University)
        New Evidence on the Volatility Spillover between Chinese and Major International Stock Markets:
        A Causality-in-Variance Approach
 Zhang, Yan (Fukuoka Women’s University)
        An Empirical Analysis of Stock Prices in Major Asian Countries

Session E: Finance in America (3rd.bldg.322)
Saturday 17 May 09:30~11:45
Chair: UCHDA, Mahito (Seijo University)
Discussant:

 
MAEDA, Shin-ichiro (Meijo University)
KAZUSAKA, Takashi (Kanagawa University)
SHIRATSUKA, Shigenori (Bank of Japan)
 TAKAYAMA, Koji (Graduate School of Osaka City University)
 Nonbanking Companies Compete in the Banking Business through Industrial Loan Companies
 UCHIDA, Satoshi (Ibaraki University)
        Two Aspects of Financial System in the United States: raison d’etre of Main Street Finance
 SUZUKI, Masaaki (Mizuho Research Institute)
        Estimates of the Sticky Price/Wage Models for Japan and the U.S.
Keynote Address from President (3rd.bldg.003)
Saturday 17 May 11:50~12:35
 SHIMIZU, Yoshinori (Hitotsubashi University)
  Globalization and Financial Regulation
Lunch Break
Saturday 17 May 12:35~13:35
Panel Session: Reinvigorating our JSME and its Field of Monetary Economics (3rd.bldg.003)
Saturday 17 May 13:35~15:50

Chair:

HARUI, Hisashi (Kwansei Gakuin University)

Panelist:


 

HANAWA, Toshiya (Hitotsubashi University)
SENDA, Jun-ichi (Chubu Gakuin University)
TSUTSUI, Yoshiro (Osaka University)
MURAMOTO, Tsutomu (Seijo University)
Session A: Securitization (3rd.bldg.311)
Saturday 17 May 13:35~15:50

Chair:

TAKAHASHI, Toyoji (Chuo University)

Discussant:

 

IMURA, Shin-ya (Chuo University)
YONEZAWA, Yasuhiro (Waseda University)
FUKUMITSU, Hiroshi (Seijo University)
 NAKAI, Hiroyuki (Nomura Asset Management)
        Recent Turmoil in the Securitization Products Market
 TAKAHASHI, Masahiko (Yokohama National University)
        The Development of Securitization and the Concept of Securities
 FUKAURA, Atsuyuki (Nagasaki University)
        Recent Development of Securitization Market in Japan
Session B: International Finance (3rd.bldg.main conference room)
Saturday 17 May 13:35~15:50
Chair: KATSU, Etsuko (Meiji University)
Discussant:

 
KITANO, Shigeto (Kobe University)
KAWASAKI, Kentaro (Toyo University)
NISHIGAKI, Narunto (Okayama University)
 NAKAMURA, Chikafumi (Graduate School of Hitotsubashi University)
        A Model of Currency Basket with Balance Sheet Effects
 MATAUI, Ken-ichiro (Institute for International Monetary Affairs)
        Dollarization and Optimal Currency Area in Central American Region from the Viewpoint
   of Labor Migration and Remittance
 SUZUKI, Tomoya (Kansai University)
        Transnational Transmission of Exogenous Shocks under Financial Integration: Evidence from New Zealand
Session C: Finance in Households (3rd .bldg.312)
Saturday 17 May 13:35~15:50

Chair:

HIRUMA, Fumihiko (Waseda University)

Discussant:

 

HOTTA, Mari (Toyo University)
MIYAKAWA, Shigeyoshi (Kyoto Gakuen University)
KAMIBAYASHI, Takanori (Tokyo International University)
 MIMURA, Satoshi (Aichi Gakusen University)
        New Consumer Finance
 SAWADA,Yoshitaka (Kwansei Gakuin University)
        Financial Anxieties; Comparing Firms versus Households
 HORIE, Yasuhiro (Kyushu University)
        The Increase of Households without Savings and its Impacts on the Regional Economy
Session D: Issues at Present (3rd.bldg.321)
Saturday 17 May 13:35~15:50
Chair: KURIHARA, Yutaka(Aichi University)
Discussant: MISUMI, Takashi (Hitotsubashi University)
FUJITA, Seiichi (Kobe University)
KAMAE, Hiroshi (Hitotsubashi University)

 KUMAKURA, Shuichi (Bank of Japan)
        On the Significance of Bank-Examination by the Central Bank: How the Bank of Japan began and
   developed its Bank-Examinations?
 MATSUMOTO, Akira (Ritsumeikan University)
        Monitalization of Gold under the Unconvertible System
 UCHDA, Mahito (Seijo University)
 ISHII, Yoshiaki (RIETI)
 FUKUSHIMA, Akio (SMRJ)
      Do Funds Contribute to Venture Business Growth? ~Evaluation of SMRJ’s Venture Fund Program~

Session E: Finance in Small Business (3rd.bldg.322)
Saturday 17 May 13:35~15:50
Chair: SHIKANO, Yoshiaki (Doshisya University)
Discussant: UCHIDA, Shigeru (Nagasaki University)
KANO, Shoji (Osaka Prefecture University)

 NISHIGAKI, Narunto (Okayama University)
        On Rules of the Policy Finance Reform in Japan―Mainly the Small Business Finance―
 NEMOTO, Tadanobu (Chuo University)
 WATANEBE, Wako (Keio University)
 FUKANUMA, Hikaru (National Life Finance Corporation)
        Do Governmental Financial Institutions Help Startups Grow?

Speech by Commissioner of the FSA (3rd.bldg.003)
Saturday 17 May 16:00~17:00
 SATO, Takafumi (Financial Services Agency)

General Membership Meeting (3rd.bldg.003)
Saturday 17 May 17:10~18:10

Welcome Reception (3rd.bldg.Student Hall)
Saturday 17 May 18:15~20:15


2008 Spring Annual Meeting

Sunday 18 May

09:30                 Registration
10:00~12:15     Morning Session

Panel Session: Development of Subprime Loan Issues (3rd.bldg.003)
Sunday 18 May 10:00~12:15
Organizer: International Finance Section
Chair:

SASAKI, Yuri (Meiji Gakuin University)

Panelist:

IGARASHI, Takanobu (Mitsubishi UFJ Research and Consulting)
HIMINO, Ryozo (Financial Services Agency)
UEDA, Kazuo (Tokyo University)

Session A: Verification in Financial Market (3rd.bldg.311)
Sunday 18 May 10:00~12:15
Chair:

YANO, Junji (Hiroshima University)

Discussant:

SUTO, Megumi (Waseda University)
HIROTA, Shin-ichi (Waseda University)
OKUYAMA, Eiji (Chuo University)

 AMAN, Hiroyuki (Nagasaki University)
        The Firm-Specific Volatility of Stock Returns, Credibility of Management Forecasts,
        and Media Coverage: Evidence from Japanese Firms
 SAKAWA, Hideaki (Osaka University)
 WATANEBE, Naoki (Graduate School of Osaka University)
        Executive Compensation and Firm Performance in Japan: The Role of Bank Monitors
 TAKEMI, Hiromitsu (Chiba University of Commerce)
        Long-term Time Series Analysis on Cash- flows and Cost of Capital Recognition of TSE
        1st Section Listed Corporations, Study on Recognition Channel and Perceived Cost

Session C: Finance in Asia (3rd .bldg.312)
Sunday 18 May 10:00~11:30
Chair:

OGAWA, Eiji (Hitotsubashi University)

Discussant:

ARAKAWA, Yoshizo (Ritsumeikan University)
MIENO, Fumiharu (Kobe University)

 Dammika Padmakanthi (Graduate School of Saga University)
        Microfinance as a Strategy for Economic Development and the Pathway out of Poverty:
        The Provision of Financial Service for the Poorest of the Poor
 Syafriadi Adwan (Graduate School of Saga University)
        On the Problem Indonesia’s Financial Stability: Harnessing the Central Bank Independence

Session D: Monetary Policy (3rd.bldg.321)
Sunday 18 May 10:00~12:15
Chair:

KITANO, Shigeto (Kobe University)

Discussant:

SUGO, Tomohiro (Bank of Japan)
TERANISHI, Yuuki (Bank of Japan)
HONDA, Yuzo (Osaka University)

 IDA, Daisuke (Graduate School of Kobe University)
        Optimal Monetary Policy under Low Inflation: Application to the Open Economy Model
 ARAI, Souichi (Graduate School of Tohoku University)
        Inflation Targeting with Consideration for the Linearity of Control Variables in the
        Hamiltonian: A Continuous Time Analysis
 HARADA, Yutaka (Daiwa Institute of Research)
        Did Quantitative Monetary-Easing Policy Effective?

Session E: Finance in Small Business (3rd.bldg.322)
Saturday 18 May 10:00~12:15
Chair:

AKASHI, Shigeo (Seijo University)

Discussant:

YAMORI, Nobuyoshi (Nagoya University)
TERANKSHI, Shigero (Nihon University)
MIYAO, Tatsuzo (Kobe University)

 NOSSE HIRONO, Keiko (Nihon University)
        A VAR Analysis of the Effect of Housing Loan Policy
 SHIZUME, Masato (Kobe University)
        Long-Term Interest Rates during the Inter-War Period in Japan: An Estimate Using
        Market Prices of Government Bonds on Tokyo Stock Exchange
 NAKAOTA, Hiroshi (Miyazaki Sangyo-Keiei University)
   FUKUTA, Yuichi (Osaka Universty)
        How Many Did Structural Changes in the Relation between the Yield Spread and
        Future Real Economic Activity in Japan Occur Over Time?

Lunch Break
Sunday 18 May 12:15~13:15

Symposium: Financial Innovation: Revelation of New Settlement System (3rd.bldg.003)
Sunday 18 May 13:15~16:00
Coordinator:

2008 Spring Meeting Program Committee

Chair:

IKEO, Kazuhito (Keio University)

Panelist:

SHIMADA, Hiroshi (Bank of Tokyo-Mitsubishi UFJ)
NAKASHIMA, Masashi (Reitaku University)
OHGAKI, Naoshi (Ritsumeikan University)
KOMIYA, Yoshinori (Ministry of Economy, Trade and Industry)

   

2008 Spring Meeting Program Committee

ASAI, Yoshio;
KATSU, Etsuko;
KURIHARA, Yutaka;
SUTO, Megumi;
HARUI, Hisashi;
HONDA, Yuzo;
YAGO, Kazuhiko;
UCHIDA, Mahito;
KANEKO, Takashi;
SASAKI, Yuri;
TAKAHASHI, Toyoji;
HIRUMA, Fumihiko;
HORIE, Yasuhiro;
YANO, Junji
OGAWA, Eiji
KAMOIKE, Osamu
SHIKANO, Yoshiaki
JINUSHI, Toshiki
FUKUMITSU, Hiroshi
MURAMOTO, Tsutomu
 


2008 Spring Meeting Organizing Committee
AKASHI, Shigeo; ASAI, Yoshio; UCHIDA, Mahito;
KAKIHARA, Tomohiro; FUKUMITSU, Hiroshi;
FUKUSHIMA, Akio; MURAMOTO, Tsutomu




Chair: MURAMOTO, Tsutomu
Secretariat: FUKUMITSU, Hiroshi