Education
University of Tokyo, B.A. in Russian Studies, March 1991
Yale University, Ph.D. in Economics, December 2001
Positions
[1] Academic Positions
Associate Professor of Applied Economics, University of Tokyo, Mar. 2004 - present
Department of Technology Management for Innovation, Apr. 2006 - present
Department of Systems Innovation, Mar. 2004 - present
Department of Geo-system Engineering, Mar. 2004 - Mar. 2008
Associate Professor of Economics, Yokohama City University, Apr. 2003 - Feb. 2004
Faculty of Economics and Business Administration
Assistant Professor of Economics, Yokohama City University, Apr. 2002 - Mar. 2003
Faculty of Economics and Business Administration
[2] Visiting Positions
Yale University, Sep. - Dec. 2007
Department of Economics and Council on East Asian Studies
University of Alberta, Jan. - Dec. 2008
Department of Finance and Management Science, School of Business
[3] Other Positions
Research Assistant, Research Institute of Economy, Trade, and Industry
Sep. 2001- Mar. 2002
Summer Intern, International Monetary Fund, Jun. - Aug. 2001
Monetary and Exchange Affairs Department
Economist, Nomura Research Institute, Ltd., Apr. 1991- Dec. 1999
Economic Research Department, Dec. 1992 - Dec. 1999
Asia-Pacific Research Department, Apr. 1991- Nov. 1992
Courses Taught
University of Tokyo
Undergraduate International Economics, 2004 - present
Undergraduate Industrial Organization, 2005 - present
Undergraduate Principles of Economics, 2004
Graduate Principles of Economics, 2006 - 2007, 2009 - 2010
Graduate International Financial Management, 2005
Yale University
Undergraduate Economic Development of Japan, 2007
Yokohama City University
Undergraduate International Economics, 2002, 2003
Undergraduate Principles of Economics, 2002
Undergraduate Advanced Macroeconomics, 2003
Selected Research Articles
[1] Refereed Journal Articles
1-15. "Stock Market Reactions to Audit Failure in Japan: The Case of Kanebo and ChuoAoyama." (with S. Numata) International Journal of Accounting, forthcoming.
1-14. "Stock Market Reactions to the Japanese Sarbanes-Oxley Act of 2006." (with K. Seino) Corporate Ownership & Control, Volume 7, Issue 2, Winter 2009, 126-136.
1-13. “Price Movements in the Japanese Online Home Electronics Markets.” (with T. Akimoto) Electronic Commerce Research and Applications, Vol. 8, Issue 1, 2009, 28-36.
1-12. “A Change in Market Responses to the Environmental Management Ranking in Japan.” (with T. Tomozawa) Ecological Economics, Volume 67, Issue 3, 2008, 465-472.
1-11. “How Large Creditors Affect Corporate Bond Prices through Creditor Coordination.” (with K. Takeda) Journal of International Economic Studies, No. 22, 2008, 31-49.
1-10. “An Empirical Study on the Impact of Environmentally-Friendly News on Stock Prices in Japan.” (with S. Nagayama) Global Business & Economics Anthology 2007, Vol. 1, 129-137.
1-9. “Mergers and Acquisitions and Corporate Performance in Japan.” (with R. Kawahara)ICFAI Journal of Mergers and Acquisitions, Vol. 4, No. 3, 2007, 36-45.
1-8. “Quantifying Stock Price Reactions to Announcements of Mergers and Acquisitions in Japan.” (with Y. Kakuda) Global Business & Economics Anthology 2006, Vol. 1, 144-154.
1-7. “The Effect of Management Strategies on Firm Value: The Case of the Online Advertising Industry in Japan.” (with T. Murata) Global Business & Economics Anthology 2006, Vol. 1, 25-36.
1-6. “Trade and the Environment in East Asia: Examining the Linkages with Japan and the USA.” (with K. Matsuura) Journal of the Korean Economy, Vol. 7, No. 1, 2006, 33-56.
1-5. “The Price of Debt and the Role of Large Creditors in Creditor Coordination.” (with K. Takeda) Global Business & Economics Anthology 2005, 146-157.
1-4. “The Effect of 'Dirty' Trade on the Environment: A Panel Cointegration Analysis of CO2 Emissions in Latin America.” (with K. Matsuura) Global Business & Economics Anthology 2005, 280-288.
1-3. “Refinancing and Coordination among Multiple Creditors and a Debtor Firm.” (with K. Takeda) Global Business & Economics Review, Vol. 7, No. 2/3, 2005, 234-246.
1-2. “A Twin Crisis Model with Incomplete Information.” Journal of the Japanese and International Economies, Vol. 18, No. 1, 2004, 38-56.
1-1. “Exchange Rate Pass-Through and Strategic Behavior in Japanese Imports of DRAMs.” (with K. Matsuura) Journal of the Korean Economy, Vol. 4, No. 2, 2003, 345-369.
[2] Refereed Letter Journal Articles
2-5. “Stock Price Reactions to Public TV Programs on Listed Japanese Companies.” (with H. Yamazaki) Economics Bulletin, Vol. 13, No. 7, 2006, 1-7.
2-4. “An Empirical Study on Stock Price Responses to the Release of the Environmental Management Ranking in Japan.” (with T. Tomozawa) Economics Bulletin, Vol. 13, No. 6, 2006, 1-4.
2-3. “Trade and the Environment in Latin America: Examining the Linkage with the USA.” (with K. Matsuura) Economics Bulletin, Vol. 6, No. 6, 2005, 1-8.
2-2. “Exchange Rate Pass-Through and Strategic Pricing: Evidence from Japanese Imports of DRAMs.” (with K. Matsuura) Economics Bulletin, Vol.6, No. 8, 2003, 1-13.
2-1. “Bank Runs and International Financial Instability Revisited.” Economics Letters, Vol. 73, No. 2, 2001, 187-194.
[3] Chapter in Book
3-1. “Coordination Risk Premium in Corporate Bond Returns: the Role of Large Creditors in Creditor Coodination." (with K. Takeda) In: P. Xu ed., Economic Analyses of Corporate Bond Markets: Lessons from Japan's Experience and the State in Asia. Institute of Comparative Economic Studies, Hosei University, 2007 (in Japanese).
[4] Other Articles
4-3. “Creditor Coordination in Japan: An Event Study Analysis.” Proceedings of the 2005 IBER Conference.
4-2. “Perspectives on the Recent Twin Crisis Literature.” Sophia Economic Review, Vol.48, No.1-2, 2003, 107-124.
4-1. “Lessons from the Insurance Crises in Jamaica, Japan, South Korea and the USA” Policy Analysis Review III, 2002, 18-25, Tokyo Foundation. (in Japanese)
[5] Working Papers and Unpublished Articles
5-4. "Stock Market Reactions to the Internal Control Reports in Japan." (with H. Kawanishi)
5-3. "International Spillovers of Auditor Credibility Impairment: The Evidence from the U.S. and Japanese Audit Failures." (with Y. Saito)
5-2. "R&D Stages and Stock Price Reactions in the Japanese Market." (with S. Nagayama)
5-1. “Price Dispersion in the Japanese Online "Digital Holy Durables" Market.” (with D. Katano)
Presentations [Article number]
[1] Conference Presentations
American Accounting Association: Southwest Region Meeting, Dallas, TX, Mar. 2010 [1-14]. (scheduled)
American Accounting Association: Annual Meeting, NY, Aug. 2009 (Research Interactive Forum) [5-3]
Canadian Academic Accounting Association: Annual Meeting, Montreal, Jun. 2009 [5-3]
Western Economic Association International: 8th Biennial Pacific Rim Conference, Kyoto, Mar. 2009 [1-15][5-2]
Midwest Economics Association: Annual Meeting, Cleveland, Mar. 2009 [1-15][5-2]
American Accounting Association: Northeast Region Meeting, Newport, RI, Nov. 2008 [1-15]
American Economic Association: Winter Meeting, New Orleans, Jan. 2008 [5-1]
Asia-Pacific Economic Association: Annual Meeting, Hong Kong, Jul. 2007 [5-1]
Business & Economics Society International: Annual Meeting, Antibes, France, Jul. 2007 [1-10]
Japanese Economic Association: Spring Meeting (Osaka Gakuin University), Jun. 2007 [5-1]
Econometric Society: South & South East Asia Meeting, Chennai, India, Dec. 2006 [5-1]
“Reexamination of the Japanese Economic System” Conference (Hitotsubashi University), Nov. 2006 (by co-author) [1-11]
Japanese Economic Association: Autumn Meeting (Osaka City University), Oct. 2006 [1-10]
Asia-Pacific Economic Association: Annual Meeting (University of Washington), Jul. 2006 [1-10]
Business & Economics Society International: Annual Meeting, Florence, Italy, Jul. 2006 [1-7][1-8]
“Korea and the World Economy IV” Conference (University of Washington), Dec. 2005 [1-6]
International Business & Economics Research: Las Vegas Meeting, Oct. 2005 [3-3]
Japanese Economic Association: Autumn Meeting (Chuo University), Sep. 2005 [1-6]
Business & Economics Society International: Annual Meeting, Grand Canyon, Jul. 2005 [1-4][1-5]
Japanese Economic Association: Spring Meeting (Fukushima University), Jun. 2005 [2-3]
Midwest Economics Association: Annual Meeting, Milwaukee, Mar. 2005 [1-4]
Business & Economics Society International: Annual Meeting, Rhodes, Greece, Jul. 2004 [1-3]
American Economic Association: Winter Meeting, San Diego, Jan. 2004 [1-1]
Japan Society of Monetary Economics: Autumn Meeting (Shiga University), Oct. 2003 [1-3]
“Korea and the World Economy II” Conference (University of Washington), Aug. 2003 [1-1]
“International Trade and Factor Mobility” Conference (Kansai University), Jul. 2003 [1-1]
Japanese Economic Association: Spring Meeting (Oita University), Jun. 2003 [1-1]
Taiwan Conference (Institute of Statistical Research), Jul. 2002
Japanese Economic Association: Autumn Meeting (Hitotsibashi University), Oct. 2001 [1-2]
“Innovations in Asian Identity” Conference (University of Toronto), Oct. 2000. [2-1]
[2] Seminar Presentations
Yale University (Todai-Yale Initiative Lecture Series): Sep. 2009 [1-15] [5-3]
California State University, Fullerton: (Annual Academic Seminar on Corporate Reporting & Governance): Sep. 2008 [1-14]
Osaka City University: Mar. 2007 [1-6]
Hosei University (Institute of Comparative Economic Studies): Oct. 2006 (by co-author) [1-11]
University of Tokyo (Dept. of Geosystem Engineering): Dec. 2005 [1-7]
Institute of Statistical Research: Nov. 2004 [1-6]
Hosei University (Institute of Comparative Economic Studies): Jul. 2004 [1-3]
Institute of Statistical Research: Jul. 2003 [1-3]
Yokohama National University: Apr. 2003 [1-1]
University of Tokyo (Dept. of Advanced Social and International Studies): Dec. 2002 [1-1]
Hitotsubashi University (Macro-Money Workshop): Dec. 2002 [1-1]
Japan Society for Monetary Economics: Kanto Meeting: Jun. 2002
Postal Services Research Institute (Finance Forum): Jan. 2001 [1-2]
Sophia University: Nov. 2001 [1-2]
Yokohama City University: Oct. 2001 [1-2]
International Monetary Fund: Bloomsbury Luncheon Meeting, Jul. 2001 [1-2]
Bank of Japan: Mar. 2001 [1-2], May 2001 [2-1]
Waseda University (TCER seminar): Jun. 2000 [2-1]
Kobe University: Jun. 2000 [2-1]
Hokkaido University: Jun. 2000 [2-1]
University of Tokyo (Macroeconomics Workshop): May 2000 [2-1]
Yale University (Trade and Development Workshop): Apr. 2000 [2-1]
Fellowships and Grants [Article number]
The Institute of Internal Auditors - Japan: Grant, Oct. 2009 - Mar. 2012 [5-4]
Kampo Zaidan: Grant, July 2009 - June 2010 [1-14]
Murata Science Foundation: Travel Grant, Jun. 2009 [5-3]
Sumitomo Foundation: Grant, Nov. 2006 - Jul. 2007 [1-12]
Japan Security Scholarship Foundagtion: Grant, Nov. 2006 - Jul. 2007 [1-13][5-1]
Seimeikai: Grant, Oct. 2006 - Jul. 2007 [1-9]
Japan Society for the Promotion of Science: Grant-in-Aid for Young Scientists (B) 17730153
Apr. 2005 - Mar. 2007 [1-4][1-6][1-10][2-2]
Postal Life Insurenace Foundation of Japan: Grant, Jun. 2005 - Jun. 2006 [1-7]
Nomura Foundation: Grant, Nov. 2004 - Oct. 2005 [1-4][1-6][2-2]
Research Institute for Postal Savings Fund: Grant, Nov. 2003 - Oct. 2004 [3-3]
Japan Post: Grant, Oct. 2003 - Feb. 2004 [1-3]
Yokohama Academic Foundation: Travel Expenses, Aug. 2003 [1-1][2-2]
Yale University: Ph.D. Student Travel Grant, Oct. 2000 [2-1]
Yale University: Dissertation Felloowship, Sep. 2000 - Dec. 2000 [1-2][2-1][3-2]
Nomura Research Insititute: Study Abroad Scholarship, July 1996 - May 1998
Professional Activities
[1] Editorial Position
Area Editor, Electronic Commerce Research and Applications, Aug. 2008 - present.
[2] Refereeing
Empirica (2003), Monetary and Economics Studies (2003, 2006), Japanese Economic Review (2001, 2004, 2005, 2009), Global Business and Economics Review (2004), Global Business and Economics Anthology (2005), Journal of International Money and Finance (2005), Journal of the Japanese and International Economies (2005, 2009), Journal of Institutional and Theoretical Economics (2006), Applied Economics (2006, 2007), and Frontiers in Finance and Economics (2006).
[3] Discussant
Canadian Academic Accounting Association: Annual Meeting, Montreal, Jun. 2009.
Western Economic Association International: 8th Biennial Pacific Rim Conference, Kyoto, Mar. 2009
Midwest Economics Association: Annual Meeting, Clevelend, Mar. 2009
Business & Economics Society International: Annual Meeting, Antibes, France, Jul. 2007
Japanese Economic Association: Spring Meeting (Osaka Gakuin University), Jun. 2007
Japanese Economic Association: Autumn Meeting (Osaka City University), Oct. 2006
Japanese Economic Association: Spring Meeting (Fukushima University), Jun. 2006
Japanese Economic Association: Spring Meeting (Kyoto Sangyo University), Jun. 2005
Midwest Economics Association, Milwaukee: Mar. 2005
Japan Society of Monetary Economics: Spring Meeting (Kanagawa University), May 2004
TCER Post-Zushi Conference, Kochi: Mar. 2004
Japan Society of Monetary Economics: Autumn Meeting (Shiga University), Oct. 2003
TCER Post-Zushi Conference, Kagoshima: Mar. 2003
"New Development in the Asia Pacific Region: Economic Analysis Using Micro Data" Conference (Yokohama National University): Feb. 2003
Taiwan Conference (Institute of Statistical Research): Jul. 2002 "Asian Crisis IV: The Recovery and tghe Rest of the World" Conference (National Taiwan University): Jul. 2002
Finance Forum (Postal Services Research Institute): Feb. 2002
[4] Session Chair
“Korea and the World Economy IV” Conference (University of Washington): Dec. 2005
[5] Affiliations
Member, American Accounting Association, Apr. 2009 - present
Member, Midwest Economics Association, Oct. 2004 - Jun. 2005, July 2008 - present
Member, International Economics and Finance Society Japan, Sep. 2003 - present
Member, American Economic Association, Jan. 2003 - present
Member, Japanese Economic Association, Oct. 2001 - present
Chartered Member, Security Analysts Association of Japan, Apr. 1994 - present
Member, Canadian Academic Accounting Association, Jan. 2009 - Dec. 2009
Member, Western Economic Association International, Dec. 2008 - Nov. 2009
Member, Econometric Society, Oct. 2006 - Sep. 2009
Member, Japan Society of Monetary Economics, May 2003 - May 2009