Faculty

1. Empirical and theoretical analyses on the effects of international capital flows, including ’Capital Account Crises’

2. Framework and measures for capital and financial management and controls

3. The programs of Bretton Woods Organizations (IMF, World Bank)

4. Stabilization of international financial systems/ architectures

5. Policy measures for sustainable and stable economic development and growth

6. Monetary policies in the context of international monetary and financial economics

[Papers/Publications]

• IMF: Its mission and failures*, Chuo Koron Shinsha, September 2009

• International Monetary Fund (IMF): Tasks and Failures*（2009, Chuo Koron Shinsha Pub.）* in Japanese

•Economics of Capital Management and Controls*（2012, Nihon Hyoronsha Pub.）

•Capital Market and Rating Agencies in Asia: Structuring a Credit Risk Rating Model [Ch.4: India; Ch.7:Pakistan; Ch.10: Philippines], Nova Science Publishers, N.Y. 2012

• Impact of Increasing Capital Flows on the Real Economy and Financial Markets in Japan: Ineffectiveness of Monetary Policy Instruments, Ritsumeikan Annual Review of International Studies Vol.12, 2013

• IMF and New International Financial Regime*, Nihon Keizai Hyoronsha Pub., 2016

•IMF and International Financial Regimes*（2016, Nihon Keizai Hyoronsha Pub.）

• The Effects of International Capital Flows on Domestic Savings, Investment and Growth: Facts on 'F-H Puzzle' in OECD and Emerging Economies, Ritsumeikan Annual Review of International Studies Vol. 14, January 2016

• Evaluation of the Effects of Capital Inflows on the Real Economy and Monetary /Financial Sector in Indonesia: Lessons from the Post-IMF Policy Reform on Capital Account Management and Controls, Ritsumeikan Annual Review of International Studies, Vol.15, 27-62 December 2016

• Economic Growth through Distribution of Income in Japan: Road to Stable Economic Growth with Progressive Income Tax System, Ritsumeikan Journal of International Studies Vol. 30 No.1, 81-111, June 2017

• Why the monetary easing under 'Abenomics' has been ineffective in recovery of the Japanese economy? Integration of the markets between the US and Japan, Ritsumeikan Annual Review of International Studies, No.16, 37-66, December 2017

•The Effects of Bank of Japan’s Monetary Easing Policy on the Economies   and Markets in China and Hong Kong*, Ritsumeikan Journal of International Studies, Vol.31    No.1:133-178.　2018　* in Japanese

•Re-evaluation of the Bank of Japan's monetary easing policy after the Global Financial Crisis, Ritsumeikan Annual Review of International Studies, Vo.18:1-42, 2019  

•New Facts on the ‘F-H Puzzle’ in OECD countries: The Effects of International Capital Flows on Domestic Savings, Investment and Growth, Paper for Japan Society for Monetary Economics, Spring May 2019.

•The Effects of International Capital Flows on Domestic Savings, Investment and Growth: Changes in the 'F-H Puzzle' in Emerging Economies, Paper for Japan Society of International Economics, September. 2019

• ’Effects of Monetary Easing Policy in Japan on the Markets in Hong Kong and China after the Global Financial Crisis’ Ritsumeikan Annual Review of International Studies Vol.19 2020

•Failure of the IMF Programme for Argentina and Importance of Capital Flow Management and Controls, Ritsumeikan Journal of International Studies*, Vol.32 No.4, March 2020

•'The consequences of labour market liberalisation and non-regular employment: the ‘lost 30 years’ of the Japanese economy’ Ritsumeikan Annual Review of International Studies NO.21, October, 2022

•Successful Capital Controls under the IMF programme in Iceland, The Ritsumeikan Journal of International Studies,   Vol.36-2,  October, 2023

[Presentations/ Chairs]

• ‘Ineffectiveness of the BOJ’s Monetary Easing Policy and the US Market’ Special Session organized by the Faculty of Political and Social Sciences, Gadjah Mada University　(Indonesia), September, 2014

• [Institute of International Studies Discussion Series, Gadjah Mada University] ‘Effects of Monetary Easing Policy in the US and Japan on Emerging Economies: Challenges to Control Risks and Crises under International Capital Flows’, December, 2015

• [ASEASUK (Association for Southeast Asian Studies in the United Kingdom) Conference 2016] ‘Evaluation of the Effects of Capital Inflows on the Real Economy and Monetary/Financial Sector in Indonesia’ September, 2016

• 【Japan Society of International Economics 75th Annual Meeting】’International Macroeconomics Session Chair: ①On the Stabilization Effect of progressive Tax in a Small- Open Economy with Endogenous Growth　②Limited Asset Market Participation and Capital Controls in a Small Open Economy③Does Foreign Aid Cause “Dutch Disease”: Case of CLMV Economies, October 2016

• 【Japan Society of Monetary Economics 2017Spring Meeting】’Why Abenomics has been failed: Evaluation on the Effectiveness of Monetary Easing Policy’, May 2017

• 【Japanese Economic Association 2017 Spring Meeting】’Why the Quantitative and Qualitative Monetary Easing (QQE) has been failed in recovering the real economy in Japan?: BVAR based Analysis on the US/Japan markets and economies’, June 2017

• Why the ‘Abenomics’ has been failed in Recovery of the Economy in Japan? Analysis on the US/ Japanese Markets and Economies through BVAR, FTU and Ritsumeikan University Workshop for PhD and Undergraduate English Taught Students, Foreign Trade University, Hanoi (Vietnam), September 2017

•[Japan Society of International Economics 2019 Spring Conference] ’ New Facts on the ‘F-H Puzzle’ in OECD countries: The Effects of International Capital Flows on Domestic Savings, Investment and Growth’, May 2019