2003 Japan-U.S. Concept Papers

Why Deflation is Different
Thomas F. Cargill and Elliott Parker, University of Nevada, Reno

Japan Economics: Deep Thoughts on Deflation
Robert Feldman, Chief Economist and Co-Director, Japan Research, Morgan Stanley

Japan Economics: Market Failure, Government Failure and the IRCJ
Robert Feldman, Chief Economist and Co-Director, Japan Research, Morgan Stanley

Financial Strains and the Zero Lower Bound: The Japanese Experience
Mitsuhiro Fukao, Professor of Economics, Keio University

Pension Fund Management Needs the Copernican Revolution
Takeshi Kadota, SVP & COO, Financial Services, Mitsubishi Corporation

Is Japan Recovering?
John Makin, Chief Economist and Principal, Caxton Associates

Industrial Revitalization in Japan: Two Basic Issues (Tax and No Action Letter)
Tomoo Nishikawa, Manager Partner, Nishikawa & Partners/Sidley, Austin, Brown & Wood LLP

Global Reflation and the End of the Global Deflationary Scare
John F. Vail, Senior Strategist, Mizuho Securities USA