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...

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...

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...

Postwar land reforms in East Asia were implemented as a geopolitical strategy to curb communism expansion. This paper evaluates their long-term political effects in Japan and Taiwan. In Japan, reform increased support for conservative parties and reduced backing for socialist and communist...

This study examines the intentions of foreign workers living in Okayama, Japan, to stay long-term in Japan. Utilizing a Bayesian multinomial logistic regression model, this research provides a novel analytical approach that captures parameter uncertainty and accommodates the categorical nature...

We construct a macroeconomic model based on household wealth preferences to identify the theoretical conditions under which full-employment and/or stagnation steady states hold. The theoretical conditions also specify the minimum level of inflation target that shifts the economy from stagnation...

In this paper we use comprehensive historic firm level data for 1925 to 1938 to estimate productivity spillovers from Japanese textile companies' affiliates in China (Zaikabo) to local cotton producers in China. We geo-localized firms in order to capture the important role of distance in...

Numerous studies deal with the link between daily recovery experiences (DRE) and mental health for employees. Hardly any studies exist for small business owners. This is surprising given that their health is not just important for themselves but also for their environment (such as employees,...

This article examines smart cities as a locus for international power struggles, emerged at the gap between their discursive and materialised realities. While the body of research on smart cities is growing, most studies focus on their development within individual nation-states. However, the...

In this paper we use comprehensive historic firm level data for 1925 to 1938 to estimate productivity spillovers from Japanese textile companies' affiliates in China (Zaikabo) to local cotton producers in China. We geo-localized firms in order to capture the important role of distance in...

Japan is a global leader in seismic resilience. The whole country is exposed to high risk of earthquakes, as well as landslides, floods, extreme weather events, and other hazards. Over the years, Japan has adapted its disaster regulations and practice, learning from past experiences and...

This report provides an overview of the legal, regulatory, and institutional frameworks of dam safety in Japan. The key objective is to share good practices and lessons learned from Japan with practitioners and governments working on establishing or enhancing a dam safety assurance system for...

In the context of Japan's rapidly aging population, people's anxiety about life after 65, especially regarding financial sustainability, has become a growing concern. This study examines old age anxiety through the lens of digital financial literacy (DFL), which can significantly impact people's...

As renewable energy adoption accelerates, resolving spatial and temporal mismatches in power dispatch has become increasingly important. Given that data centers are accounting for a growing share of global power demand, it is imperative to develop a strategic approach to renewable energy...

The article investigates whether the Bank of Japan followed the so-called rules of the game under the classical gold standard. The article, by estimating a vector autoregressive model of monthly timeseries data for October 1897 to July 1914, finds that the Japanese central bank systematically...

To sustain a protracted war after losing foreign loans and reserves and being sanctioned by the Allies, Japan used its 'internal financing mechanism' to gobble up civilian capital through government bonds, unbacked paper currency and interest rate interventions. These tactics aggrandised the...