CJEB News

Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, was interviewed on TV Tokyo. JAPAN CENTER NEWS | December 20, 2022日本のインフレ目標政策の10年～功罪と課題～【プロの眼】(TV Tokyo, 12/19/2022)住宅ローン金利にも影響 日銀 大規模緩和を転換 (TV Tokyo, 12/20/2022)

The Japan Economy Network (JEN) and the Center on Japanese Economy and Business (CJEB) at Columbia Business School invite submissions of papers and extended abstracts for the Fifth Annual JEN Conference. Submissions are encouraged in all areas relating to the Japanese economy, including, among others, monetary and fiscal policy; exchange rate policy; developments in Japanese banking and finance; perspectives on potential output; economics of climate change; demographic change; womenomics; inequality; labour markets; education; and economic history. Papers adopting a comparative perspective are welcome. Young scholars are particularly encouraged to submit their work.Submission deadline is 9 December 2022. Please send your submissions to the following email address: JEN@soas.ac.uk. The outcome of the selection process will be announced by 16 December 2022. Later submissions will be considered.Click here for more information.

CJEB's event featuring Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, was covered by NHK World-Japan in the article "Professor Explains Why Japan’s Prices Are So Low" and in other media outlets. The English and Japanese coverage is linked below. Professor explains why Japan's prices are so low (NHK World, 10/6/2022)なぜ日本は“安く”なった？ アメリカで講演 専門家一問一答も (NHK News Web, 10/6/2022)

Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "The Challenge of Monetary Tightening." Professor Ito states in the article that, "The US Federal Reserve’s latest interest-rate hike is just one more step on the long and difficult road away from quantitative easing. While the Fed and other central banks, such as the Bank of Japan, must complete the journey, governments must refrain from politicizing the pitfalls that await."

Shogo Sakabe, a current student in the PhD Program in the Department of Economics, and a recipient of CJEB's Doctoral Fellowship, co-authored a paper titled "Place-Based Policies and the Geography of Corporate Investment" with Cameron LaPoint, a former Sumitomo Fellow and a PhD graduate from the Department of Economics, now an assistant professor of finance at Yale University School of Management.He presented the paper at the AsRES-AREUEA Tokyo Conference, and it received the Homer Hoyt Institute Best Paper Award. 

The tragic and shocking loss of former Prime Minister Shinzo Abe has shaken us and the world. He was Japan’s longest-serving Prime Minister and a prominent and well-respected figure on the global stage. His policies had important impacts on Japan—both politically and economically—and his vision, actions, and legacy will continue to shape Japan and the world long after his passing.At the Center on Japanese Economy and Business, we join many in mourning his passing. Former Prime Minister Abe was understanding and supportive of our Center’s mission to promote understanding between Japan and the U.S., and he generously spoke in our forums on two occasions. The first was in 2014 at Columbia University’s World Leaders Forum, and the second was in 2016 at CJEB’s 30th Anniversary Tokyo Conference. CJEB leaders were privileged with opportunities to meet with him privately as well. We were always impressed by his thoughtful insights and commitment to strengthening the relationship between the U.S. and Japan.We will never forget him, and we express our deep sympathies to former Prime Minister Abe’s family, loved ones, and people during this time of grief.Speech Video LinksFrom CJEB’s 30th Anniversary Tokyo Conference:コロンビア大学ビジネススクール日本経済経営研究所創立３０周年記念カンファレンス-平成28年5月13日 (Cabinet Office, Government of Japan)From Columbia University’s World Leaders Forum:コロンビア大学訪問-平成26年9月22日 (Cabinet Office, Government of Japan)English version (Columbia University)

Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "Abe Shinzō’s Unmatched Legacy." Professor Ito states in the article that "As the longest-serving prime minister in the history of Japanese democracy, Abe Shinzō fundamentally transformed the country’s security doctrine and economic-policy trajectory. The foundation of reforms and alliances that he established will remain in place for many years to come."

Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, Professor at the School of International and Public Affairs at Columbia University, Wrote an Article in Japanese on U.S. Inflation and Monetary Policy for Nikkei. 「引き締め遅れ」指摘当たらず　米インフレと金融政 (Nikkei Inc., 2/3/22)

Research by CJEB's Director, Professor David Weinstein, was cited in an article titled, “PM Kishida: Be Skeptical of MOF On Fiscal Policy” by Richard Katz, Senior Fellow, Carnegie Council For Ethics in International Affairs. The article is available in English, hosted on the Oriental Economist’s website, and in Japanese, hosted on Toyo Keizai’s website. PM Kishida: Be Skeptical of MOF On Fiscal Policy (Oriental Economist, 1/12/22)

Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "What Biden Should Do on Trade." What Biden Should Do on Trade (Project Syndicate, 1/13/22) 

Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "Does Japan Vindicate Modern Monetary Theory?" The article discusses how the Japanese government has amassed more and more debt without triggering higher borrowing costs or inflation and how Japanese leaders should start thinking about the country's huge stock of debts.

A paper coauthored by Professor David Weinstein, CJEB’s director, was highlighted twice in the Wall Street Journal, in a MarketWatch article, three Forbes articles, and in an article in the Hill.   

CJEB’s Director, Professor David Weinstein, was quoted in the Economist Special Report on Japan, in the section about the economy titled, “Japan’s Economy Is Stronger than Many Realise” in which he argues that Japan has managed to contain spending and that for Japan, “markets are sanguine because Japan has a rare ability to adjust.” Japan’s Economy Is Stronger than Many Realise (The Economist,  12/7/21) 

Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "Beware of Japan's 'New Capitalism'" The article discusses Fumio Kishida, Japan's new Prime Minister, and what his economic policy program is starting to look like in practice. 

Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "Where Will Fumio Kishida Take Japan?" The article discusses Fumio Kishida, Japan’s new Prime Minister, and the potential directions his economic policy agenda may take.