Ishiba Shigeru became prime minister of Japan in October 2024, after unexpectedly winning the leadership of the ruling Liberal Democratic Party (LDP). His long-desired success came with a bitter aftertaste, however. After a poor showing for the LDP in the lower house elections at the end of...

Südostasien genießt schon lange außenpolitische Priorität in Japan, doch seit etwa 2012 hat Tokio sein Engagement intensiviert - sowohl gegenüber der ASEAN-Gemeinschaft als auch gegenüber einzelnen Mitgliedstaaten. Tokio betrachtet Chinas wachsenden Einfluss in Südostasien als zentrale...

Im Oktober 2024 übernahm Ishiba Shigeru das Amt des Premierministers in Japan, nachdem er überraschend die Wahl zum Vorsitzenden der regierenden Liberaldemokratischen Partei (LDP) gewonnen hatte. Dieser von ihm lang ersehnte Erfolg dürfte dennoch einen bitteren Beigeschmack haben: Nach einem...

This paper examines the stochastic behaviour of the number of earthquakes (in total and also classified by magnitude) and stock market log prices and returns in the case of Japan over the period from January 2009 to February 2024 using fractional integration methods. Their linkages are then...

Reoccurring instability keeps forcing central banks repeatedly to intervene in financial markets, since the 2007-2008 crisis most notably with massive asset purchases, whose popularisation was spearheaded by the Bank of Japan. This paper exploits the world's first implementation of quantitative...

To address climate change concerns, Japan is accelerating the greening of its economy. In this paper we analyze the characteristics of the workers that are contributing to the green transition and estimate the so-called green wage premium. Using propriety data from a recent worker-level survey...

Southeast Asia has long been a foreign policy priority for Japan, but Tokyo has intensified its engagement - both with the ASEAN Community as a whole and with individual member states - since 2012. Japan views China's growing influence in Southeast Asia as a major foreign policy challenge and is...

The choice between domestic and foreign production is one of the most important decisions not only for international business management but also for economic diplomacy and industrial policy. The reality is not a binary choice, but some firms use both. Why do companies maintain labour-intensive...

Firms in production networks often prefer liberalization through free trade agreements (FTAs) to multilateral liberalization, due to its potential discriminatory effects against firms outside the FTA (outside the scope of this study), but also in relation to competing firms within the FTA. The...

We estimate the effect of air pollution on sentiment using social media data from a panel of Japanese cities. To address concerns about potential endogeneity from unobserved simultaneous determinants of air pollution and sentiment, as well as measurement error, we instrument for air pollution...

Using original survey data from parents of children in kindergarten through junior high school in Tokyo, Japan, we find that parents exhibit stronger preferences for sons over daughters to participate in extracurricular STEM activities, with the gender gap widening as children age. Parents...

Official government estimates show a gradual decline in union density in Japan over several decades akin to that in other countries with decentralized bargaining structures. However, new evidence from various social surveys indicates that union density has been rising in Japan. Using one of...

This study investigates the relationship between news delivered via the QUICK terminal and stock market behavior. Specifically, through an evaluation of the performance of investment strategies that utilize news index created based on its scores indicating positive or negative sentiment, we...

Südostasien genießt schon lange außenpolitische Priorität in Japan, doch seit etwa 2012 hat Tokio sein Engagement intensiviert - sowohl gegenüber der ASEAN-Gemeinschaft als auch gegenüber einzelnen Mitgliedstaaten. Tokio betrachtet Chinas wachsenden Einfluss in Südostasien als zentrale...

Using original survey data from parents of children in kindergarten through junior high school in Tokyo, Japan, we find that parents exhibit stronger preferences for sons over daughters to participate in extracurricular STEM activities, with the gender gap widening as children age. Parents...

Since the bursting of China's real-estate bubble in mid-2021, there has been a growing concern that the Chinese economy could end up like that of Japan in the early 1990s. Some structural patterns are strikingly similar: low private consumption over a long period, especially when compared to the...