With the introduction of the international accounting standards in Europe and dissemination of LDI (Liability Driven Investment) as a new investment standard, the investor demand for super-long end has been rising also in Japan. Under these circumstances, it is required that the Japanese...

The core of financial economic theory is the study of individual behavior of households in the intertemporal allocation of their resources in an environment of uncertainty and of the role of economic organizations in facilitating these allocations. The intersection between this specialized...