CJEB

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 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)

Professor David E. Weinstein, CJEB's Director, co-authored a paper titled "Codification, Technology Absorption, and the Globalization of the Industrial Revolution." The paper explores Japan's massive public investments in codifying technical knowledge to explain why it was unique among non-Western countries in industrializing in the 19th and early 20th centuries.The National Bureau of Economic Research (NBER) includes it as a working paper and shared it on X here. Tremendous interest in the paper's topic has led to widespread viewing and sharing across social media, with over 25.1 million views listed on posts shared by its co-authors as of July 23, 2024.The paper's co-authors include Réka Juhász, Shogo Sakabe (Columbia University graduate and recipient of CJEB's Doctoral Fellowship), and David Weinstein.The paper is also listed among CJEB's working papers and hosted on the Columbia Academic Commons here.

Professor Takatoshi Ito, director of CJEB's Program on Public Pension and Sovereign Funds, and professor at the School of International and Public Affairs at Columbia University, wrote the Project Syndicate article "The Bank of Japan's Go-Slow Policy Normalization." Professor Ito discusses the Bank of Japan's cautious approach to monetary policy normalization, stating, "The Bank of Japan has consistently sent the message that its monetary-policy normalization will be cautious and data-dependent. This makes it unlikely that the BOJ's policy board will decide to raise interest rates and begin reducing government-bond purchases at the same meeting."

Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, appeared on Bloomberg and discussed his views on the Bank of Japan’s likely reduction in government bond purchases. 

Bank of Japan Deputy Governor Ryozo Himino spoke in a panel titled, “Evolving Monetary Policy in Japan and the United States,” at the annual Tokyo conference held by the Center on Japanese Economy and Business on June 4, 2024. Japan Times included a quote from the panel session in the article, “BOJ weighs reducing bond buys as early as June meeting,” The title of this year’s conference was “Navigating Global Challenges: AI, Innovation, Monetary Policy, and Trade.” More information can be found here.

Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, was quoted in the Bloomberg article “BOJ May Raise Rates Two More Times in 2024, Columbia’s Ito Says.” He discusses how, “the Bank of Japan may raise interest rates two more times this year, but it should refrain from responding directly to the weak yen.” 

Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, appeared on Reuters and discussed the potential reasoning behind Japanese authorities' intervention in the foreign exchange market. 

Professor David Weinstein, Director of CJEB, the Carl S. Shoup Professor of the Japanese Economy at Columbia University, wrote the article “Path to Japan’s Economic Revival: Productivity Stagnation, Escape Still Far Away” for Nikkei. The article was published in Japanese and discusses the impact of Japan’s declining birth rate on the slowing growth rate, the productivity gap with the U.S. widening, and the delays in utilizing women in the workforce.

We are proud to share that on February 15, 2024, the Order of the Rising Sun, Gold Rays with Neck Ribbon was conferred on Professor David E. Weinstein, the Carl S. Shoup Professor of the Japanese Economy at Columbia University and Director of the Center on Japanese Economy and Business at Columbia Business School.The ceremony was led by H.E. Ambassador Mikio Mori, the Consul General of Japan in New York, and the conferment ceremony was held at the Ambassador’s Residence in New York.The Order of the Rising Sun, established in 1875 by Emperor Meiji, was Japan’s first award. It is conferred on behalf of the Emperor of Japan as one of the highest honors bestowed by the Japanese government on people who have rendered distinguished service to Japan.   The conferral recognizes Professor Weinstein’s significant contributions to promoting academic exchange and mutual understanding between Japan and the United States. Professor Weinstein’s long-standing commitment to studying and understanding the Japanese economy and his dedication to research and cross-cultural exchange embody the spirit of this prestigious award. “I am profoundly honored to receive the medal tonight from Ambassador Mori in the presence of my family, colleagues, and friends. It is a deeply moving recognition of my research and efforts to expand the world’s understanding of Japan’s economy and business system,” Professor Weinstein said upon receiving the medal.