Meetings
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:KURODA, Iwao (Chuo University)
Panelist:
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:KAMOIKE, Osamu (Tohoku University)
Discussant:
HANASAKI, Masaharu (Development Bank of Japan)
ZUI, Seien (Yokohama City University)
SAITO, Hisahiko (Chiba University of Commerce)
| Are Local Banks Needed for Local Economic Growth? Evidence from Japan’s Lost Decade | OHKUMA, Masanori (Graduate School of Waseda University) |
| Debt Forgiveness during the “Lost Decade”: Implication from Excess Burdens of Main Bank | KOIBUCHU, Satoshi (Chiba University of Commerce) |
| An Essay on Market-Oriented Indirect Financing | KAMETANI, Shoji (Nihon University) |
Session B: Verification of Bank Lending (3rd.bldg.main conference room)
Saturday 17 May 09:30～11:00
Chair:HORIE, Yasuhiro (Kyushu University)
Discussant:
OGAWA, Kazuo (Osaka University)
OHTA, Tomoyuki (Mizuho Research Institute)
ONO, Arito (Mizuho Research Institute)
NODA, Akihiko (Mizuho Research Institute)
| Banks’ Lending Behavior under Uncertain Macroeconomic Environments | KITAMURA, Kimiyo (Graduate School of Chuo University) |
| Is Credit Scoring Reliable? | HASUMI, Ryo (Graduate School of Keio University) HIRATA, Hideaki (Hosei University) |
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)
| A Event Study of Earnings Announcement – Differences of the Market by the Bank Lending Dependence Degree | ISHIKAWA, Masaya (Graduate School of Hitotsubashi University) |
| Effect of Corporate Diversification and Internal Capital Market in Japan | TSUCHIMURA,Yoshiaki (Kanagawa University) SUGIURA, Yasuyuki (Nikko Financial Intelligence) |
| Impact of the Debt Ratio on Firm Investment: A Case Study of Listed Companies in China | YUAN, Yuan (Graduate School of Hosei University) MOTOHASHI, Kazuyuki (Tokyo University) |
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)
| 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 | TAKE, Yasushi (Graduate School of Hitotsubashi University) |
| New Evidence on the Volatility Spillover between Chinese and Major International Stock Markets: A Causality-in-Variance Approach | CHEN, Sichong (Graduate School of Hitotsubashi University) |
| An Empirical Analysis of Stock Prices in Major Asian Countries | Zhang, Yan (Fukuoka Women’s University) |
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)
| Nonbanking Companies Compete in the Banking Business through Industrial Loan Companies | TAKAYAMA, Koji (Graduate School of Osaka City University) |
| Two Aspects of Financial System in the United States: raison d’etre of Main Street Finance | UCHIDA, Satoshi (Ibaraki University) |
| Estimates of the Sticky Price/Wage Models for Japan and the U.S. | SUZUKI, Masaaki (Mizuho Research Institute) |
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)
| Recent Turmoil in the Securitization Products Market | NAKAI, Hiroyuki (Nomura Asset Management) |
| The Development of Securitization and the Concept of Securities | TAKAHASHI, Masahiko (Yokohama National University) |
| Recent Development of Securitization Market in Japan | FUKAURA, Atsuyuki (Nagasaki University) |
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)
| A Model of Currency Basket with Balance Sheet Effects | NAKAMURA, Chikafumi (Graduate School of Hitotsubashi University) |
| Dollarization and Optimal Currency Area in Central American Region from the Viewpoint of Labor Migration and Remittance | MATAUI, Ken-ichiro (Institute for International Monetary Affairs) |
| Transnational Transmission of Exogenous Shocks under Financial Integration: Evidence from New Zealand | SUZUKI, Tomoya (Kansai University) |
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)
| New Consumer Finance | MIMURA, Satoshi (Aichi Gakusen University) |
| Financial Anxieties; Comparing Firms versus Households | SAWADA,Yoshitaka (Kwansei Gakuin University) |
| The Increase of Households without Savings and its Impacts on the Regional Economy | HORIE, Yasuhiro (Kyushu University) |
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)
| On the Significance of Bank-Examination by the Central Bank: How the Bank of Japan began and developed its Bank-Examinations? | KUMAKURA, Shuichi (Bank of Japan) |
| Monitalization of Gold under the Unconvertible System | MATSUMOTO, Akira (Ritsumeikan University) |
| Do Funds Contribute to Venture Business Growth? ～Evaluation of SMRJ’s Venture Fund Program～ | UCHDA, Mahito (Seijo University) ISHII, Yoshiaki (RIETI) FUKUSHIMA, Akio (SMRJ) |
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)
| On Rules of the Policy Finance Reform in Japan―Mainly the Small Business Finance― | NISHIGAKI, Narunto (Okayama University) |
| Do Governmental Financial Institutions Help Startups Grow? | NEMOTO, Tadanobu (Chuo University) WATANEBE, Wako (Keio University) FUKANUMA, Hikaru (National Life Finance Corporation) |
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
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)
| The Firm-Specific Volatility of Stock Returns, Credibility of Management Forecasts,and Media Coverage: Evidence from Japanese Firms | AMAN, Hiroyuki (Nagasaki University) |
| Executive Compensation and Firm Performance in Japan: The Role of Bank Monitors | SAKAWA, Hideaki (Osaka University) WATANEBE, Naoki (Graduate School of Osaka University) |
| 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 | TAKEMI, Hiromitsu (Chiba University of Commerce) |
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)
| Microfinance as a Strategy for Economic Development and the Pathway out of Poverty: The Provision of Financial Service for the Poorest of the Poor | Dammika Padmakanthi (Graduate School of Saga University) |
| On the Problem Indonesia’s Financial Stability: Harnessing the Central Bank Independence | Syafriadi Adwan (Graduate School of Saga University) |
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)
| Optimal Monetary Policy under Low Inflation: Application to the Open Economy Model | IDA, Daisuke (Graduate School of Kobe University) |
| Inflation Targeting with Consideration for the Linearity of Control Variables in the Hamiltonian: A Continuous Time Analysis | ARAI, Souichi (Graduate School of Tohoku University) |
| Did Quantitative Monetary-Easing Policy Effective? | HARADA, Yutaka (Daiwa Institute of Research) |
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)
| A VAR Analysis of the Effect of Housing Loan Policy | NOSSE HIRONO, Keiko (Nihon University) |
| Long-Term Interest Rates during the Inter-War Period in Japan: An Estimate Using Market Prices of Government Bonds on Tokyo Stock Exchange | SHIZUME, Masato (Kobe University) |
| How Many Did Structural Changes in the Relation between the Yield Spread and Future Real Economic Activity in Japan Occur Over Time? | NAKAOTA, Hiroshi (Miyazaki Sangyo-Keiei University) FUKUTA, Yuichi (Osaka Universty) |
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