2026 Spring Annual Meeting

Program Day 1 May 16 (Saturday)

Morning Session 9:45-11:45

Panel Session: Monetary History International Conference Room

Title
Access to the International Monetary Market: Historical Structure of the International Settlements' Network

Chair
Kazuhiko YAGO(Waseda University)

Internationalization of Japanese Banks and the Banking Policy/Regulations: Development of International Corresponding Network of the Japanese Banks

Presenter Mariko HATASE(Hitotsubashi University)

Access to International Credit Markets by Japanese Firms in the 1960s: Impact Loans from Foreign banks and Guarantees by Domestic Banks

Presenter Ayumu SUGAWARA(Tohoku University)

African Countries' Indebtedness and Financial Access: An Approach from Trade Credit

Presenter Kazue DEMACHI(Tokyo University of Foreign Studies)
Discussant  Daisuke KOGA(Yamaguchi University),Naoya MAEDA(Yamaguchi University)

Sessions

Monetary Policy and Monetary Macroeconomics ① Room① Midium Conference Room 301A

Chair
Mariko TANAKA(Musashino University)

Presenter Koutaroh MINAMI(Ph.D. Student, Hitotsubashi University)
Co-author(s) Takashi MISUMI(Hitotsubashi University), Donglai NING(Hitotsubashi University)
Discussant Wataru HIRATA(Bank of Japan)

Presenter Tomohito HONDA(Kobe University)
Co-author(s) Chihiro SHIMIZU(Hitotsubashi University), Iichiro UESUGI(Hitotsubashi University)
Discussant Koji TAKAHASHI(Bank of Japan)

Presenter Kiyotaka NAKASHIMA(Nakashima Economic Research Institute)
Co-author(s) Koji TAKAHASHI(Bank of Japan)
Discussant Masahiko SHIBAMOTO(Kobe University)

Exchange Rate and Currency Room② Midium Conference Room 301B

Chair
Masao KUMAMOTO(Hitotsubashi University)

The Impact of Daily Flows of Outward and Inward Portfolio Investment on the Dollar/Yen Exchange Rate

Presenter Atsushi KAWAMOTO(Policy Research Institute)
Co-author(s) Hideaki MATSUOKA(Policy Research Institute), Nanako ITO(Policy Research Institute), Naruhiko FUKUMURO(Policy Research Institute)
Discussant Junko SHIMIZU(Gakushuin University)

Presenter Mizuki GOTO(Kanto Gakuin University)
Co-author(s) Satoshi KOIBUCHI(Chuo University)
Discussant Arito ONO(Chuo University)

Presenter Ryuta SAKEMOTO(Hokkaido University)
Co-author(s) Shintaro SUDA(Mitsubishi UFJ Trust Investment Technology Institute Co., Ltd.)
Discussant Yoichi OTSUBO(Kobe University)

Financial Market Analysis Room③ Small Conference Room 303

Chair
Masataka SUZUKI(Hitotsubashi University)

Presenter Yoichi OTSUBO(Kobe University)
Co-author(s) Liangyi MU(Queen’s University Belfast), Xiangjin SHEN(Credit Acceptance)
Discussant Naoshi IKEDA(Hitotsubashi University)

Presenter Shugo YAMAMOTO(Rikkyo University)
Discussant Takahiro HATTORI(University of Tolyo)

Presenter Ryotaro MATSUBARA(Japan Bank for International Cooperation)
Discussant Junnosuke SHINO(Waseda University)

Regional and SME Finance Room④ Small Conference Room 304

Chair
Kunikazu NAGATA(The University of Nagano)

Considering the Future of Cooperative Structured Financial Institutions

Presenter Toru IIZUKA(Matsumoto University)
Discussant Hironari NOZAKI(Toyo University)

Taxation of Debt Forgiveness Income as a Barrier to Exit from Management Improvement

Presenter Kenji MURAYAMA(Kaishi Professional University)
Discussant Satoshi MITAMURA(Chiba University of Commerce)

The Effects of Appointing Former Government Officials on Financial Services Agency Sanctions in Japanese Financial Institutions

Presenter Naoko ODA(Ph.D. Student, Waseda University)
Discussant Takuji SAITO(Keio University)

Lunch 11:45-13:00

Lunch Session Room① Midium Conference Room 301A

Chair
Yukihiro YASUDA(Hitotsubashi University)

Overview of the JSDA Survey Result of the participation in the New NISA Launched in 2024

Presenter Koushiro SEKIGUCHI(Japan Securities Dealers Association)

Afternoon Session 13:00ー15:00

Panel Session: International Finance International Conference Room

Title
Geopolitical Risk and International Finance

Chair
Takuji KINKYO(Kobe University)

Panelist Shigeto KITANO(Kobe Unviersity)

The Use of SWIFT in Financial Sanctions and the Potential for Alternative Networks

Panelist Masashi NAKAJIMA(Reitaku University)

Digital Money and International Finance: New Channels and New Risks

Panelist Tatsuya SUGIURA(Advisor, Monetary and Capital Markets Department, IMF)

Panelist Yasuto WATANABE(Director/CEO, AMRO)

Sessions

Monetary Policy and Monetary Macroeconomics ② Room① Midium Conference Room 301A

Chair
Eiji OKANO(Nagoya City University)

Presenter Mitsuharu MORITA(Ph. D Student, Kobe University)
Co-author(s) Teruyoshi KOBAYASHI(Kobe University)
Discussant Shuhei AOKI(Shinshu University)

Presenter Ryuichi NAKAGAWA(Kansai University)
Discussant Kiyotaka NAKASHIMA(Nakashima Economic Research Institute)

Corporate Finance Room② Midium Conference Room 301B

Chair
Yoko SHIRASU(Aoyama Gakuin University)

Presenter Yuta OGANE(Nanzan University)
Co-author(s) Eriko NAIKI(Doshisha University)
Discussant Hirokazu MIZOBATA(Kansai University)

Presenter Hajime TOMURA(Waseda University)
Co-author(s) Yukihiro YASUDA(Hitotsubashi University)
Discussant Hyonok KIM(Tokyo Keizai University)

Presenter Michiru SAWADA(Nihon University)
Discussant Iichiro UESUGI(Hitotsubashi University)

Fintech Room③ Small Conference Room 303

Chair
Yuichi ABIKO(Kindai University)

Treatment of Crypto Assets in the Integrated Balance of Payments and International Investment Position Manyual, 7th Edition (BPM7): Clarifying Their Accounting Principles and Remaining Challenges Clarifying Their Accounting Principles and Remaining Challenges

Presenter Hidetoshi TAKEDA(Nihon University)
Discussant Mitsuru YAGUCHI(Kyoto Tachibana University)

A Consideration on environmental and organizational issues for implementing Digital Common Currency (DCC)

Presenter Yasushi INUI(CITRON SYSTEMS)
Co-author(s) Daisuke WATANABE(CITRON Systems), Koji UADGAWA(CITRON Systems), Wataru TAKAHASHI(Kobe University)
Discussant Junko SHIMIZU(Gakushuin University)

Comparative Legal Analysis on Central Bank Independence and Stable Coin Regulations

Presenter Takashi KUBOTA(Waseda University)
Discussant Yutaka SOEJIMA(SBI Financial and Economic Research Institute)

International Monetary Economics Room④ Small Conference Room 304

Chair
Fumiharu MIENO(Kyoto University)

Presenter Yushi YOSHIDA(Siga University)
Discussant Shigenori SHIRATSUKA(Keio University)

The Sequence of Financial Crises and Counter Measures

Presenter Takashi KIHARA(Nippon Institute for Research Advancement)
Discussant Sanae OHNO(Musashi University)

Structural Changes and Risk Spillovers: Does U.S. Macroeconomic Uncertainty Explain Systematic Risk in the Japanese Banking Sector?

Presenter Jianchang LYU(Ph.D. Student, Hitotsubashi University)
Discussant Akinobu NAGIRA(Sapporo University)

English Session hosted by JJMFE① Room⑤ Small Conference Room 305

Chair
Kengo NUTAHARA(Senshu University)

Presenter Arisa CHANTARABOONTHA(Ph.D. Student, University of Osaka)
Discussant Esturo SHIOJI(Chuo University)

Presenter Ruopu HU(Ph.D. Student, Kobe University)
Co-author(s) Andreas SCHABERT(University of Cologne)
Discussant Takayuki TSURUGA(Univerisity of Osaka)

Presenter Zihang LI(Ph.D. Student, Kobe University)
Discussant Kengo NUTAHARA(Senshu University)

Special Session 15:15ー16:15

Financial System and Bank Examination Department International Conference Room

Chair
Shigenori SHIRATSUKA(Keio University)

Title
The Financial System Report

Speaker Wataru HIRATA(Bank of Japan)

Invited Lecture I 16:30ー17:00

International Conference Room

Host
Shin-ichi FUKUDA(University of Tokyo)

Title
TBA

Speaker TBA

LSEG Award Ceremony 17:10ー17:50

International Conference Room

General Meeting 17:50-18:30

International Conference Room

Reception 18:30-20:30

Medium Room 302

Program Day 2 May 17 (Sunday)

Invited Lecture I 9:00-10:00

International Conference Room

Host
Toshitaka SEKINE(Hitotsubashi University)

Title
Financial and Economic Conditions in Niigata Prefecture

Speaker  Naohisa HISAGATA(Bank of Japan)

Morning Session 10:15-12:15

Panel Session: Central Banking International Conference Room

Title
Stablecoin vs. Tokenized Deposit vs. Retail CBDC

Chair
Etsuro SHIOJI(Chuo University)

Re-thinking and Overcoming the Payment Trilemma

Panelist Toshio Taki(Head of Money Forward Institute of Economic Research, Money Forward, Inc.)

Digital Innovation and the Next-generation Monetary System

Panelist Hiromi YAMAOKA(Future Institute of Research・Digital Currency Forum)

Peach Boy, Golden Boy and Money as Bearable Instruments

Panelist Shuji KOBAYAKAWA(Meiji University)

Sessions

Monetary Policy and Monetary Macroeconomics ③ Room① Midium Conference Room 301A

Chair
Shin-ichi KITASAKA(Doshisha University)

Presenter Weiyang ZHAI(University of Toyama)
Co-author(s) Yushi YOSHIDA(Shiga University)
Discussant Mototsugu SHINTANI(University of Tokyo)

International Comparison of Food Prices Using Price-to-Income Data

Presenter Yasuyuki KOMAKI(Osaka University of Economics)
Discussant Masahiro HIGO(University of Tokyo)

Presenter Hibiki ICHIUE(Keio University)
Discussant Kazuhiro TERAMOTO(Hitotsubashi University)

Financial History / Payment Systems Room② Midium Conference Room 301B

Chair
Kenichi HIRAYAMA(Reitaku University)

Suspension of Wartime Compensation and Financial Institutions Reconstruction and Reorganization in Japan after the World War Two

Presenter Yoshiaki SHIKANO(Doshisha University)
Discussant Taku KINAI(J. F. Oberlin University)

Japan's Domestic Exchange Settlement System Based on Decentralized Clearing: 1880-1943

Presenter Ryoji KOIKE(Bank of Japan)
Discussant Michiru SAWADA(Nihon University)

Cashless Payments and Point-Based Reward Programs: An Empirical Analysis of Consumer Behavior in Japan

Presenter Kenya FUJIWARA(Kobe University)
Discussant Daisuke TANAKA(Nomura Research Institute, Ltd.)

Insurance / Personal Finance Room③ Small Conference Room 303

Chair
Noriyoshi YANASE(Keio University)

Are Women More Risk-Averse than Men?

Presenter Tsutomu CHANO(Musashi University)
Co-author(s) Masayuki MASUI(Sumitomo Life Insurance), Yuheng MAI(Ph.D. Student, Musashi University)
Discussant Kozo HARIMAYA(Ritsumeikan University)

Presenter Chikafumi NAKAMURA(Chuo University)
Discussant Keiko MURAKAMI(Prefectural University of Hiroshima)

Empirical Analysis of Intentions to Utilize Real Estate to be Inherited

Presenter Taro TAKAHASHI(Ministry of Land, Infrastructure, Transport and Tourism)
Discussant Koji SAWADA(Kurume University)

Governance / Disclosure Room④ Small Conference Room 304

Chair
Hyonok KIM(Tokyo Keizai University)

How Climate-Related Disclosure Affects Banks’ Cost of Equity: Evidence from TCFD Support

Presenter Yoshimi YAMADA(Surugadai University)
Discussant Tomonori YUYAMA(Senshu University)

Empirical Analysis of the Relationship Between Human Capital Policies and Corporate Performance -A Variable Selection Approach Using Machine Learning (Lasso Regression) with Corporate Disclosure Data-

Presenter Tomonori YUYAMA(Senshu University)
Discussant Miho TAKIZAWA(Gakushuin University)

Presenter Ning DONGLAI(Hitotsubashi University)
Co-author(s) Yukihiro YASUDA(Hitotsubashi University)
Discussant Kazuo YAMADA(Kyoto University)

English Session hosted by JJMFE② Room⑤ Small Conference Room 305

Chair
Kengo NUTAHARA(Senshu University)

It’s Not μ, It’s P: Mispriced Regime Transitions in Equity Market Beta

Presenter Naomi FINK(Amova Asset Management)
Discussant Kohei AONO(Ritsumeikan University)

Presenter Heather A. MONTGOMERY(International Christian University)
Co-author(s) Opale GUYOT(Ph.D Student, International Christian University)
Discussant Kentaro IWATSUBO(Kobe University)

Lunch 12:15ー13:45

Lunch Session International Conference Room

Title
Restructuring Research Activities via Generative AI: A Demonstrative Introduction

Speaker Yutaka SOEJIMA(SBI Financial and Economic Research Institute)

Afternoon Session 14:00-16:30

Symposium International Conference Room

Title
TBA

Chair
Toshitaka SEKINE(Hitotsubashi University)

Keynote Speech Title TBA

Speaker Michiro UEGURI(President of Daishi Hokuetsu Financial Group)

Panel Report Title TBA

Panelist Hiroaki JINDO(The Japan Economic Research Institute)

Panel Report Title TBA

Panelist Kei IMAKUBO(Bank of Japan)

Panel Report Title TBA

Panelist Arito ONO(Chuo University)