Naoyuki Yoshino
Biographic Data
| ID | 6681816 |
|---|---|
| NAME | Naoyuki Yoshino |
| GIVEN NAMES | Naoyuki |
| FAMILY NAME | Yoshino |
| SIGNATURE | YOSHINO N |
| AFFILIATIONS | Keio University |
| ORCID | 0000-0001-8060-5314 |
| VERIFIED | Yes |
| TOTAL WORKS | 16 |
| TOTAL CITATIONS | 12 |
| AUTHOR COUNT | 16 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1990 |
| LATEST PUBLICATION YEAR | 2024 |
| H-INDEX | 2 |
Enhancing private infrastructure financing through capturing spillover effect
While infrastructure provides necessary public services and is vital for the socio-economic development of a nation, public funds alone cannot finance all infrastructure needs in society, especially after the COVID-19 pandemic, where many countries are facing budget deficits. Although private financing schemes, such as public-private partnerships (PPPs) and land value capture, have been considered intensively, they have yet to produce adequate pr…
Post-Pandemic Green Recovery in Asean
SMEs and carbon neutrality in Asean
Most rules and regulations for protecting the environment and reducing greenhouse gas emissions target large enterprises. Although small and medium-sized enterprises (SMEs) have major shares in most Asian economies, they remain outside the purview of most environmental rules and regulations. The primary purpose of this study is to assess the association between SMEs’ activities and carbon emissions in the Association of Southeast Asian Nations (A…
Measuring concentration in the Japanese loan and deposit markets
Financing infrastructure using floating-interest-rate infrastructure bond
This paper proposes a floating-interest-rate infrastructure bond, where the interest of a government bond is paid to investors during the period of construction and the early period of operation. Unlike the usual government bond, which provides a fixed interest rate, the proposed floating-interest-rate infrastructure bond pays a floating interest, the rate of which depends on spillover tax revenues. Effective infrastructure projects have a positi…
The way to induce private participation in green finance and investment
Decline of oil prices and the negative interest rate policy in Japan
In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and achieving sustainable economic growth. But due to lower international oil prices it was unable to achieve this target and was forced to take further measures. Hence, in February 2016, the BOJ adopted a negative interest rate policy by massively increasing the money supply through the purchase of long-term Japanese government bonds …
Impact of the Fukushima Nuclear Disaster on the Oil-Consuming Sectors of Japan
This research sheds light on the elasticity of oil consumption of Japan’s various economic sectors and the crude oil price before and after the Fukushima disaster. To do so, the study applies a cointegration analysis and performs a vector error correction (VEC) variance decomposition by using quarterly data from Q1 1981 to Q4 2010 and from Q1 2011 to Q4 2015. The findings reveal that the absolute value of elasticities of oil consumption by some e…
Small and Medium-Sized Enterprise (SME) Credit Risk Analysis Using Bank Lending Data
Small and medium-sized enterprises (SMEs) in Asia are frequently hailed as the backbone of the economies. However, the SMEs usually have severe difficulties with raising money. Considering the bank-dominated characteristic of economies in Asia, banks are the main source of financing, and the lack of a comprehensive credit rating database has been a bottleneck for SMEs. This paper examines how a credit rating scheme for SMEs can be developed, when…
Effectiveness of the Easing of Monetary Policy in the Japanese Economy, incorporating Energy Prices
Japan has reached the limits of conventional macroeconomic policies. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2 per cent and implemented an aggressive monetary policy so this target could be achieved as soon as possible. Although prices started to rise after the BOJ implemented monetary easing, this may have been for other reasons, such as higher energy pri…
Response of macro variables of emerging and developed oil importers to oil price movements
This paper assesses the impact of crude oil price movements on two macro variables, the gross domestic product (GDP) growth rate and consumer price index inflation rate, in the developed economies of the United States and Japan, and an emerging economy, the People's Republic of China (PRC). These countries were chosen for this research because they are the world's three largest oil consumers. The main objective of this study is to see whether the…
International comparison of bubbles and bubble indicators
An Analysis of Challenges Faced by Japan’s Economy and Abenomics
“Abenomics” refers to the economic policies advocated by Shinzo Abe, who became prime minister of Japan for a second time when his Liberal Democratic Party won an overwhelming majority in the general election in December 2012. Abenomics is distinguished by a set of policies comprising “three arrows”: (1) aggressive monetary policy, (2) fiscal consolidation, and (3) a growth strategy. The Japanese economy faces an aging population and increasing s…
Response of Stock Markets to Monetary Policy
The article assesses the response of Tehran stock prices to exogenous monetary policy shocks, using a vector error correction model for the 1998Q1–2013Q2 period. Monetary policy is transmitted to stock market price through three routes: money by itself, exchange rate and inflation. Our result in this paper points to the fact that stock prices increase persistently in response to an exogenous easing monetary policy. Variance deposition results sho…
On the economic interdependence between China and Japan
The paper presents an analysis of the economic relationship between the two most important economies in Asia. Over the last decades, the Chinese and Japanese economies have become more economically interdependent, a development which will, in the long run, impact the countries' political relationship. The paper seeks to answer the question: How can China and Japan gain from the current economic situation, further enhance their relationship and in…
An `Expanded Equation' Approach to Weak-Exogeneity Tests in Structural Systems and a Monetary Application
Nagesh S. Revankar, Naoyuki Yoshino, An `Expanded Equation' Approach to Weak-Exogeneity Tests in Structural Systems and a Monetary Application, The Review of Economics and Statistics, Vol. 72, No. 1 (Feb., 1990), pp. 173-177
On the economic interdependence between China and Japan
The paper presents an analysis of the economic relationship between the two most important economies in Asia. Over the last decades, the Chinese and Japanese economies have become more economically interdependent, a development which will, in the long run, impact the countries' political relationship. The paper seeks to answer the question: How can China and Japan gain from the current economic situation, further enhance their relationship and in…
Effectiveness of the Easing of Monetary Policy in the Japanese Economy, incorporating Energy Prices
Japan has reached the limits of conventional macroeconomic policies. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2 per cent and implemented an aggressive monetary policy so this target could be achieved as soon as possible. Although prices started to rise after the BOJ implemented monetary easing, this may have been for other reasons, such as higher energy pri…
Response of macro variables of emerging and developed oil importers to oil price movements
This paper assesses the impact of crude oil price movements on two macro variables, the gross domestic product (GDP) growth rate and consumer price index inflation rate, in the developed economies of the United States and Japan, and an emerging economy, the People's Republic of China (PRC). These countries were chosen for this research because they are the world's three largest oil consumers. The main objective of this study is to see whether the…
Response of Stock Markets to Monetary Policy
The article assesses the response of Tehran stock prices to exogenous monetary policy shocks, using a vector error correction model for the 1998Q1–2013Q2 period. Monetary policy is transmitted to stock market price through three routes: money by itself, exchange rate and inflation. Our result in this paper points to the fact that stock prices increase persistently in response to an exogenous easing monetary policy. Variance deposition results sho…
Small and Medium-Sized Enterprise (SME) Credit Risk Analysis Using Bank Lending Data
Small and medium-sized enterprises (SMEs) in Asia are frequently hailed as the backbone of the economies. However, the SMEs usually have severe difficulties with raising money. Considering the bank-dominated characteristic of economies in Asia, banks are the main source of financing, and the lack of a comprehensive credit rating database has been a bottleneck for SMEs. This paper examines how a credit rating scheme for SMEs can be developed, when…
An Analysis of Challenges Faced by Japan’s Economy and Abenomics
“Abenomics” refers to the economic policies advocated by Shinzo Abe, who became prime minister of Japan for a second time when his Liberal Democratic Party won an overwhelming majority in the general election in December 2012. Abenomics is distinguished by a set of policies comprising “three arrows”: (1) aggressive monetary policy, (2) fiscal consolidation, and (3) a growth strategy. The Japanese economy faces an aging population and increasing s…
An `Expanded Equation' Approach to Weak-Exogeneity Tests in Structural Systems and a Monetary Application
Nagesh S. Revankar, Naoyuki Yoshino, An `Expanded Equation' Approach to Weak-Exogeneity Tests in Structural Systems and a Monetary Application, The Review of Economics and Statistics, Vol. 72, No. 1 (Feb., 1990), pp. 173-177
On the economic interdependence between China and Japan
The paper presents an analysis of the economic relationship between the two most important economies in Asia. Over the last decades, the Chinese and Japanese economies have become more economically interdependent, a development which will, in the long run, impact the countries' political relationship. The paper seeks to answer the question: How can China and Japan gain from the current economic situation, further enhance their relationship and in…
International comparison of bubbles and bubble indicators
An Analysis of Challenges Faced by Japan’s Economy and Abenomics
“Abenomics” refers to the economic policies advocated by Shinzo Abe, who became prime minister of Japan for a second time when his Liberal Democratic Party won an overwhelming majority in the general election in December 2012. Abenomics is distinguished by a set of policies comprising “three arrows”: (1) aggressive monetary policy, (2) fiscal consolidation, and (3) a growth strategy. The Japanese economy faces an aging population and increasing s…
Response of Stock Markets to Monetary Policy
The article assesses the response of Tehran stock prices to exogenous monetary policy shocks, using a vector error correction model for the 1998Q1–2013Q2 period. Monetary policy is transmitted to stock market price through three routes: money by itself, exchange rate and inflation. Our result in this paper points to the fact that stock prices increase persistently in response to an exogenous easing monetary policy. Variance deposition results sho…
Effectiveness of the Easing of Monetary Policy in the Japanese Economy, incorporating Energy Prices
Japan has reached the limits of conventional macroeconomic policies. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2 per cent and implemented an aggressive monetary policy so this target could be achieved as soon as possible. Although prices started to rise after the BOJ implemented monetary easing, this may have been for other reasons, such as higher energy pri…
Response of macro variables of emerging and developed oil importers to oil price movements
This paper assesses the impact of crude oil price movements on two macro variables, the gross domestic product (GDP) growth rate and consumer price index inflation rate, in the developed economies of the United States and Japan, and an emerging economy, the People's Republic of China (PRC). These countries were chosen for this research because they are the world's three largest oil consumers. The main objective of this study is to see whether the…
Small and Medium-Sized Enterprise (SME) Credit Risk Analysis Using Bank Lending Data
Small and medium-sized enterprises (SMEs) in Asia are frequently hailed as the backbone of the economies. However, the SMEs usually have severe difficulties with raising money. Considering the bank-dominated characteristic of economies in Asia, banks are the main source of financing, and the lack of a comprehensive credit rating database has been a bottleneck for SMEs. This paper examines how a credit rating scheme for SMEs can be developed, when…
Decline of oil prices and the negative interest rate policy in Japan
In April 2013, the Bank of Japan (BOJ) introduced an inflation target of 2% with the aim of overcoming deflation and achieving sustainable economic growth. But due to lower international oil prices it was unable to achieve this target and was forced to take further measures. Hence, in February 2016, the BOJ adopted a negative interest rate policy by massively increasing the money supply through the purchase of long-term Japanese government bonds …
Impact of the Fukushima Nuclear Disaster on the Oil-Consuming Sectors of Japan
This research sheds light on the elasticity of oil consumption of Japan’s various economic sectors and the crude oil price before and after the Fukushima disaster. To do so, the study applies a cointegration analysis and performs a vector error correction (VEC) variance decomposition by using quarterly data from Q1 1981 to Q4 2010 and from Q1 2011 to Q4 2015. The findings reveal that the absolute value of elasticities of oil consumption by some e…
The way to induce private participation in green finance and investment
Financing infrastructure using floating-interest-rate infrastructure bond
This paper proposes a floating-interest-rate infrastructure bond, where the interest of a government bond is paid to investors during the period of construction and the early period of operation. Unlike the usual government bond, which provides a fixed interest rate, the proposed floating-interest-rate infrastructure bond pays a floating interest, the rate of which depends on spillover tax revenues. Effective infrastructure projects have a positi…
Measuring concentration in the Japanese loan and deposit markets
Post-Pandemic Green Recovery in Asean
SMEs and carbon neutrality in Asean
Most rules and regulations for protecting the environment and reducing greenhouse gas emissions target large enterprises. Although small and medium-sized enterprises (SMEs) have major shares in most Asian economies, they remain outside the purview of most environmental rules and regulations. The primary purpose of this study is to assess the association between SMEs’ activities and carbon emissions in the Association of Southeast Asian Nations (A…
Enhancing private infrastructure financing through capturing spillover effect
While infrastructure provides necessary public services and is vital for the socio-economic development of a nation, public funds alone cannot finance all infrastructure needs in society, especially after the COVID-19 pandemic, where many countries are facing budget deficits. Although private financing schemes, such as public-private partnerships (PPPs) and land value capture, have been considered intensively, they have yet to produce adequate pr…
Economics (15 works) · Business (10 works) · Finance (10 works) · Monetary economics (7 works) · Monetary policy (6 works) · Macroeconomics (5 works) · Market Dynamics and Volatility (5 works) · Monetary Policy and Economic Impact (5 works) · Banking stability, regulation, efficiency (4 works) · Energy, Environment, Economic Growth (4 works)