JSME 日本金融学会2021年度秋季全国大会

Day 1 - Oct. 16 (Sat.)

Part 1 10:00～12:00

Room A Special Session:
Trend of FinTech – the developments in China and Japan

Chair
Tomoyuki Fukumoto (Osaka University of Economics)

Vice Chair
Yukio Fukumoto (Osaka University of Economics)

Trend of FinTech – the influence over the financial system and the developments in Japan

Presenter: Yuko Kawai (Japan Digital Design, Inc.)

Transformation of Ant Group’s strategy and Digital RMB

Presenter: Zhihui Li (Nomura Research Institute,)

Shift of FinTech regulations in China and its backgrounds

Presenter: Tomoyuki Fukumoto (Osaka University ofEconomics)

Room B Session: International Finance 1

Chair
Jun Nagayasu (Tohoku University)

Vice Chair
Kohjiro Dohwa (Kyoto University of Advanced Science)

10:00-10:40
Exchange Rate Pass-through under the Unconventional Monetary Policy Regime

Presenter: Yushi Yoshida* (Shiga University), Yuri Sasaki (Meiji Gakuin University)
Weiyang Zhai (Ph.D. Student, Shiga University), Siyu Zhang (Ph.D. Student, Meiji Gakuin University)
Discussant: Junko Koeda (Waseda University)

10:40-11:20
A New Proposal for Asia Digital Common Currency

Presenter: Wataru Takahashi* (Osaka University of Economics), Inui Taiji* (Japan International Cooperation Agency (JICA)
Discussant: Takashi Kozu (Certified Member Analyst of the Securities Analysts Association of Japan)

11:20-12:00
On the Determinants of Invoice Currency Pattern of Small Exporters: Novel Evidence from Questionnaire Survey of Japanese Exporting SMEs

Presenter: Mizuki Goto* (Ph.D. Student, Hitotsubashi University), Kazunobu Hayakawa (Institute of Developing Economies, IDE-JETRO),
Satoshi Koibuchi (Chuo University) Taiyo Yoshimi (Chuo University)
Discussant: Kentaro Kawasaki (Toyo University)

Room C Session: Financial Intermediaries

Chair
Shin-ichi Kitasaka (Doshisha University)

Vice Chair
Hiroyuki Ijiri (Okayama Shoka University)

10:00-10:40
Bank market power and the quality of earnings forecasts

Presenter: Takanori Tanaka (Kansai University)
Discussant: Masayo Shikimi (Nagasaki University)

10:40-11:20
Capital composition and investor-driven risk-taking in banking

Presenter: Mami Kobayashi (Ritsumeikan University)
Discussant: Kenta Toyofuku (Nihon University)

11:20-12:00
BOJ's Negative Interest Rate Policy and Bank Profitability

Presenter: Shin-ichi Kitasaka* (Doshisha University), Fei Chen (formerly Ph.D. Student, Doshisha University)
Mitsuhiko Satake (Doshisha University)
Discussant: Hitoshi Inoue (Sapporo Gakuin University)

Room D Session: Monetary and Financial History

Chair
Masato Shizume (Waseda University)

Vice Chair
Naoya Maeda (Kobe Shoin Women's University)

10:00-10:40
Why did massive outflows of gold coins occur just after opening of ports in the Edo period?

Presenter: Yoshiaki Shikano (Doshisha University)
Discussant: Noburu Kobayashi (Tokyo Metropolitan University)

10:40-11:20
Measuring the Time-Varying Market Efficiency in Prewar Japanese Stock Markets

Presenter: Akihiko Noda* (Meiji University), Kenichi Hirayama (Tokio Marine Asset Management Co., Ltd)
Discussant: Kohei Aono (Ritsumeikan University)

Room E Session: Financial Market Analysis

Chair
Mahito Uchida (Seijo University)

Vice Chair
Kunihiro Hanabusa (Kansai University)

10:00-10:40
Effects of suppy shock: On-the-run and off-the-run Government bonds

Presenter: Jun Uno* (Waseda University), Tobe Reiko (nishogakusha-university)
Discussant: Toyoharu Takahashi (Chuo University)

10:40-11:20
Demand for and Supply of Government Bonds: Implications for the Bank of Japanʼs Bond Market Intervention

Presenter: Shuji Watanabe* (Nihon University), Kaoru Hosono (Gakushuin University)
Daisuke Miyakawa (Hitotsubashi University)
Discussant: Kazuhiro Hiraki (Bank of Japan)

11:20-12:00
Characterization of High-Speed Trade

Presenter: Atsuyuki Ohyama* (Financial Services AgencyGovernment of Japan Securities and Exchange Surveillance Commission)
Shintaro Okude (Financial Services Agency), Kenta Suzuki (Financial Services Agency), Yoshitaka Fukuyama (Financial ServicesAgency)
Discussant: Naoyuki Yoshino (Financial Services Agency)

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Part 2 13:15 - 15:15

Room A Panel Session: Financial History
From Merchant to Bank: The Hirooka Family and the Japanese Financial Market

Chair
Yasuo Takatuki (Kobe University)

Vice Chair
Yoshihiro Asai (Meiji University)

The Structure of Early Modern Japanese Financial Market: Relationship Finance and Arm's Length Finance

Presenter: Yasuo Takatuki (Kobe University)

Hirooka Family’s behavior for crisis in the Early Meiji Japan: BoshinWar, the abolition of silver-denominated, the assumption and rejection of daimyo’s debts, and borrowed capital

Presenter: Noburu Kobayashi (Tokyo Metropolitan University)

From Growth to Bankruptcy: Kajima Bank, Fujita Bank, and Omi Bank in the First World War and the Showa Financial Depression

Presenter: Takenobu Yuki (Tohoku University)

Debater comments

Discussant: Yoshiaki Ogura (Waseda University)

Discussion

Room B Session: International Money and Finance 2

Chair
Eiji Okano (Nagoya City University)

Vice Chair
Kazuyuki Inagaki (Nanzan University)

13:15-13:55
The effectiveness of capital control on housing prices

Presenter: Zhou Yang (Ph.D. Student, Kobe University)
Discussant: Yushi Yoshida (Shiga University)

13:55-14:35
Effect of Sovereign Wealth Funds in Commodity-Exporting Economies when Commodity Prices Affect Interest Spreads

Presenter: Shigeto Kitano *(Kobe University), Kenya Takaku (Hiroshima City University)
Discussant: Fumiharu Mieno (Kyoto University)

Room C Session: Fintech/COVID-19

Chair
Kenya Fujiwara (Kobe University)

Vice Chair
Satoshi Hoshino (Okayama Shoka University)

13:15-13:55
A Study of China's Tightening FinTech Regulations and TheirImpact

Presenter: Lirong Li (Kyoto University of Advanced Science)
Discussant: Tatsuro Kakeshita (Fukuoka University)

13:55-14:35
Peer-to-Peer Lending and MSME Finance: Evidence from an Original Survey in China

Presenter: Yajing Liu* (Hiroshima Shudo University), Kenya Fujiwara (Kobe University), Toshiki Jinushi (Kansai University)
Discussant: Tomoyuki Fukumoto (Osaka University of Economics)

14:35-15:15
How the COVID-19 Pandemic Changed Consumersʼ Lifestyles -Evidence from High- Frequency Panel Data in Japan

Presenter: Kenya Fujiwara (Kobe University)
Discussant: Toshiki Jinushi (Kansai University), Yoshiaki Ogura (Waseda University)

Room D Session: Financial Systems, Corporate Finance

Chair
Takahiko Watanabe (Senshu University)

Vice Chair
Masafumi Kozuka (Setsunan University)

13:15-13:55
Impact of Liquid Assets on Market Share

Presenter: Oh Dongsuk (Meiji University)
Discussant: Takayoshi Nakaoka (Kindai University)

13:55-14:35
Corporate Governance System of Japan

Presenter: Shigeki Wakabayashi (Development Bank ofJapan Inc.)
Discussant: Nobuyuki Teshima (Senshu University)

Room E English Session (hosted by JJMFE)

Chair
Shin-Ichi Nishiyama (Kobe University)

Vice Chair
Agata Wierzbowska (Kobe University)

13:10-13:50
Spillovers of the Bank of Japanʼs Exchange Traded Fund and Corporate Bond Purchases

Presenter: Nguyen Thuy Linh (Ph.D. Student,Hitotsubashi University)
Discussant: Shin-Ichi Nishiyama (Kobe University)

13:50-14:30
Quantitative easing, supply shock and inflation: Evidence from a structural VAR for Japan

Presenter: Siyu Zhang (Ph.D. Student, Meiji Gakuin University)
Discussant: Hiroshi Morita (Hosei University)

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Invited Lecture 15:40～16:40

Room A Invited Lecture

Chair
Wataru Takahashi (Osaka University of Economics)

Vice Chair
Kohei Hasui (Aichi University)

15:40-16:40
The Bank of Japan - Lessons from Financial Crises-

Presenter: Hiroshi Nakaso (Chairman of the Institute, Daiwa Institute of Research)

General Meeting 16:50～17:50

Room A General Meeting

Banquet 18:00～19:30

Room A Banquet

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