Policy Research Institute


PRI Toics

Workshops and other events in February

February 21 (Wed):The 3rd China Research Conference FY2017

At the 3rd meeting, Mr. FUJITA Yasuhiko (General Manager, China Operation Division, Honda Motor Co., Ltd.) and Mr. SHIMADA Fumio (Manager, Automobile Sales Department, China Operation Division, Honda Motor Co., Ltd.) made presentations titled “Overview of the Chinese Automobile Industry” and Mr. SEGUCHI Kiyoyuki (Research Director at the Canon Institute for Global Studies) made a presentation titled “Current Situation and Outlook of the Japan-China-U.S. Relationship”. The presentations were followed by a question and answer session and a free discussion.

Mr. SHIMADA Fumio and Mr. FUJITA Yasuhiko
【(From the left) Mr. SHIMADA Fumio and Mr. FUJITA Yasuhiko】

Commissioner SEGUCHI Kiyoyuki
【Commissioner SEGUCHI Kiyoyuki】


International conferences and exchanges in February

February 22 (Thu):The 8th PRI-ICRIER Workshop was held.

The Policy Research Institute (PRI) held a workshop jointly with the Indian Council for Research on International Economic Relations (ICRIER) in Tokyo. The former Indian Ambassador to Japan, Japanese companies, researchers and others delivered lectures and participated in discussions on Japan-India macro economy, impact of GST introduction, growth of digital economy, Japan-India economic cooperation and other topics.

Commemorative photograph at the opening
【Commemorative photograph at the opening】

The workshop
【The workshop】


Top Seminar for Staff

As a comprehensive training agency of the Ministry of Finance, PRI provides training programs for each level in the ministry, from newly hired staff members to top officials.

The Top Seminar for Staff was held as part of the training for executive personnel by inviting lecturers who are active in various fields. The following seminars were held this month.

February 2 (Fri)
Title :
Lecturer :
Road to the 4th straight championship of Hakone Ekiden
HARA Susumu (Head Coach of Aoyama Gakuin University Track-and-fireld Team)
Top Seminar for Staff      トップセミナーの模様


Leading-Edge Seminar

PRI held the Leading-Edge Seminar, in which frontline researchers gave lectures on leading-edge academic research and technically sophisticated research.

The following lecture was held in February.

February 2 (Fri)          NAKAZATO Toru (Associate Professor, Sophia University Faculty of Economics, Department of Economics)
Title :

Lecturer :
“Economic Analysis of the Effect of ‘Unseasonable Weather’ : Consumption Trends after the Consumption Tax hike in 2014”
NAKAZATO Toru (Associate Professor, Sophia University Faculty of Economics, Department of Economics)


Lunch Meeting

We invite people with diverse knowledge in and outside the organization to hear a broad range of leading-edge information so that we can obtain useful information across a broad spectrum contributing to the ministry's policy planning.

The following meetings were held in February.

February 6 (Tue)  KANO Takashi (Professor, Graduate School of Economics, Hitotsubashi University)
Title :

Lecturer :
The First Arrow of Abenomics and the Yen-Dollar Exchange Rate ”(PDF:574KB)
KANO Takashi (Professor, Graduate School of Economics, Hitotsubashi University)
February 20 (Tue)  KURODA Kazutaka (Sustainable Finance Specialist, Center for the Strategy of Emergence, The Japan Research Institute, Limited)
Title :

Lecturer :
The State of ESG Investment and Sustainability Bonds in the World and Japan ”(PDF:408KB)
KURODA Kazutaka (Sustainable Finance Specialist, Center for the Strategy of Emergence, The Japan Research Institute, Limited)


Discussion Paper in February

“Financial friction sources in emerging economies:Structural estimation of sovereign default models”(PDF:2308KB)

YAMAZAKI Takefumi,
   Senior Economist, Research and
   Administration Department, PRI
  There have been discussions on stochastic trends and financial friction as factors of business cycles characteristic of emerging countries. However, stochastic trends are not only a direct factor of business cycles but also a factor of financial friction. It is important to distinguish the two aspects. The paper clarifies each role of stochastic trends based on structural estimation.
“Accountability and Bullying Acknowledgement: Evidence from Tokyo” (PDF:647KB)

TANAKA Ryuichi,
   Professor, The University of Tokyo
BESSHO Shun-ichiro,
   Chief Economist, Research and
   Administration Department, PRI
MOROZUMI Atsuyoshi,
   Assistant professor in Macroeconomics,
   University of Nottingham, UK
  Using the data by municipality of Tokyo, this study verified the effects of the shift to the new education board system on the number of recognized bullying cases. As a result of the analysis, it was found that the number of recognized bullying cases increased in municipalities that had shifted earlier to the new education board system compared with other municipalities. This result is consistent with the hypothesis that bullying that was overlooked is actively recognized as a result of clarification of the location of responsibility through the system reform.

Publication in February

Public Policy Review

Population Decline and Local Economies
  This special edition takes up specific cases of municipalities concerning the population changes and economic and social situations by region of Japan, examines challenges facing regional economies and studies specific cases using regional economic cyclical models. It also discusses issues pertaining to population movement among regions and economy/society not only in Japan but also in other advanced countries. Regional economies of Japan are examined from various angles including demonstration, international comparison and case studies.

Monthly Finance Review

No.534 (January)STATISTICS (Released by Ministry of Finance)

Ministry of Finance Statistics Monthly (Japanese only)

No. 787 Financial Statement Statistics of Corporations By Industry
(November 2017 issue)(Japanease only)
Outline of the survey method
Outline of the survey result
Comparison of successive years by industry
FY 2016 Statistical Table
No. 788 National Treasury Balance Issue (December 2017 issue) (Japanese only)FY2016 Record of treasury accounts with the public
Treasury accounts with the public
Analysis of receipts and payments of treasury funds
Balance of payments by major account
Government deposit balance
Issuance condition of financing bills
Record of supply and demand of funds

PRI TOPICS (monthly)