2011 Japan-U.S. Concept Papers

Public Overhang and the Financial Sector
Hiroshi Kobayashi, Senior Managing Director, SMBC Nikko Securities Inc.

Japanese Life Insurance Industry’s Response to the Great East Japan Earthquake
Shizuharu Kubono, The Life Insurance Association of Japan

Public Debt Overhang and the Financial Sector – Impact on the life insurance industry caused by the volatility in interest rates
Shizuharu Kubono, The Life Insurance Association of Japan

A Review of Regulatory Developments in Japan’s Capital markets in 2011
Yoshio Okubo, Japan Securities Dealers Association

Re: Public Debt Hangover and Financial Sector
Takaaki Nakajima, Pricewaterhouse Coopers

Banks cannot ‘lend out’ reserves
Paul Sheard, Nomura Global Economics

The Fed is more aggressive than the BOJ
Paul Sheard, Nomura Global Economics

Comprehensive monetary easing and sterilization
Paul Sheard, Nomura Global Economics

The beauty of quantitative easing
Paul Sheard, Nomura Global Economics

In defense of deficits (in a deleveraging world)
Paul Sheard. Nomura Global Economics

Comment Letter to Financial Stability Committee
Jon Malamud, The Geneva Association: Risk and Insurance Economics

Comment Letter to IAIS: Response to FSC Questions
Jon Malamud, The Geneva Association: Risk and Insurance Economics

Systemically Correct Scope of Banking
Tsuyoshi Oyama, Deloitte Touche Tohmatsu

On Government Activism
Richard Katz, The International Economy 2011