PROJECT FOR FISCAL SYSTEM REFORM
(MARCH 1999-MARCH 2001) \8,845,892
Although Japan's fiscal system is in critical condition, a sufficient compilation of facts has not been completed due to its extremely complex structure. Moreover, methods for quantitatively gauging the effects of policy changes have not been established. This project aims to elucidate the Japanese fiscal system's complex system of fund transfers, clarify the relationship between costs and benefits, and offer proposals for fiscal-system reform based on simulation analysis using an econometric model.
Ryokichi Chida (Professor, School of Commerce, Meiji University)
Taisuke Katayama (Research Fellow, The Tokyo Foundation)
FEASIBILITY OF HONG KONG'S CURRENCY BOARD SYSTEM AND THE ROLE OF JAPAN IN FOREIGN EXCHANGE POLICY IN ASIA
(MARCH 1999-AUGUST 1999) \1,071,229
This project undertook empirical analysis of Hong Kong's currency exchange system, which was under pressure to review its policies during the East Asian financial crisis. This project compiled exchange policy proposal alternatives aimed at stabilizing the international financial system in Asia. Results of this project have been published in Policy Research Series.
Sayuri Shirai (Associate Professor, Faculty of Policy Management, Keio University; Visiting Research Fellow, The Tokyo Foundation)
EMPLOYMENT POLICY FOR AN AGING SOCIETY
(JANUARY 2000-JUNE 2001) \11,233,362
This project conducts research on suitable forms of employment policy for an aging society. Employment policy is defined herein as labor market policies for the optimal utilization of human resources. The scope of this research includes the maintenance of market functions, an individual's professional life (from the perspective of occupational selection and career change) with regard to an aging society, and government policies that support change in corporate employment systems. Research results will be provided to the Global Aging Initiative (GAI), a project of the Center for Strategic and International Studies (CSIS) in the United States.
Atsushi Seike (Professor, Faculty of Business and Commerce, Keio University)
Yoshio 0kunishi (Professor of Business Administration, Hosei University)
Masako Kurosawa (Associate Professor, Department of Economics, Meiji Gakuin University)
Hideyuki Morito (Associate Professor, Faculty of Law, Seikei University)
Masako Maeda (Senior Research Associate, Life Design Institute)
URGENT PROJECT ON REFORM OF THE FINANCIAL SYSTEM
(FEBRUARY 1999-APRIL 1999) \716,046
The financial system in Japan was stabilized through the creation of a framework for infusing public funds with the enactment of two finance-related laws in October 1998. To establish a stable system that supports the Japanese economy through the 21st century, however, it is necessary to reform administrative and legal systems as well. This project compiled policy proposals on bank restructuring for the Japanese economy of the 21st century, analyzing how banks should be restructured and rebuilt, and not amended with the patchwork of regulations behind Japan's financial system. The proposals were published in Policy Research Series.
Kazuo Yoshida (Professor, Graduate School of Economics, Kyoto University)