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Announcement from the Center on Japanese Economy and Business, Columbia Business School
We are proud to announce that the Japanese government has honored 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, by awarding him The Order of the Rising Sun, Gold Rays with Neck Ribbon. 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 deeply honored to receive this award and to be included among those who have made major contributions to Japan and the world,” Professor Weinstein said upon hearing the news.
(11/3/23)
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Professor Masazumi Wakatabe, CJEB Summer 2023 Visiting Scholar, Wrote the Article "Lessons for China from Japan’s lost decade" for Financial Times
Professor Masazumi Wakatabe, CJEB Summer 2023 visiting scholar, former deputy governor of the Bank of Japan, and professor of economics at Waseda University, wrote the Financial Times article "Lessons for China from Japan’s lost decade" Professor Wakatabe states in the article, “China’s recent economic slowdown has elicited comparison with Japan in the 1990s and its subsequent long stagnation with deflation. But are there real parallels to be drawn between the two countries?”
Lessons for China from Japan’s lost decade (Financial Times, 10/6/23)
Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, Wrote the Article "The Will, but Not the Way, to Increase Japan’s Defense Budget" for Project Syndicate
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 Will, but Not the Way, to Increase Japan’s Defense Budget " Professor Ito states in the article, “Sensing that there are growing threats to Japan and its neighbors, the Japanese public recognizes the need to develop a greater capacity for deterrence. If the world really is entering a new era of hard power, Japan’s “peace constitution” and soft power may no longer be sufficient to ensure national security.”
The Will, but Not the Way, to Increase Japan’s Defense Budget (Project Syndicate, 6/30/23)
Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, Was Interviewed on Bloomberg about the Bank of Japan’s Outlook
Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, appeared on Bloomberg and discussed his outlook for Bank of Japan policy ahead of the central bank's meeting.
Columbia University's Ito on BOJ Policy (Bloomberg, 6/12/2023)
Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, Wrote the Article "What Did the Hiroshima G7 Summit Accomplish?" for Project Syndicate
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 the Project Syndicate article " What Did the Hiroshima G7 Summit Accomplish?" Professor Ito states in the article, “Three clear winners emerged from the Hiroshima G7 Summit. Ukrainian President Volodymyr Zelensky received a powerful demonstration of the continuing solidarity between the G7 and Ukraine; the G7's determination to punish Russia was reaffirmed; and Japanese Prime Minister Fumio Kishida strengthened his support among the Japanese public.
What Did the Hiroshima G7 Summit Accomplish? (Project Syndicate, 5/23/23)
Jackson G. Lu PhD '18, Sloan School Career Development Associate Professor at the MIT Sloan School of Management and a recipient of CJEB’s Doctoral Fellowship, has been featured in a new Nikkei article 《「竹の天井」が広く浸透 米国で東アジア系の初任給低く》
His most recent research, published in the prestigious Journal of Applied Psychology, reveals a Bamboo Ceiling in starting salaries, whereby ethnic East Asians tend to have lower starting salaries than others in the US partly because they are disinclined to negotiate due to higher relational concerns. This research challenges the “model minority” stereotype of Asians in the US.
「竹の天井」が広く浸透 米国で東アジア系の初任給低く (Nikkei Business, 4/13/23)
Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, Was Interviewed on Bloomberg about the Bank of Japan’s Outlook
Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, appeared on Bloomberg and discussed his outlook for Bank of Japan's policy as the central bank concludes Governor Haruhiko Kuroda’s final meeting this week.
Columbia University's Ito on BOJ Outlook (Bloomberg, 3/8/2023)
The Speech Given by Bank of Japan Deputy Governor Masazumi Wakatabe at Cjeb’s Event Was Covered by Reuters, CNBC and Other Media Outlets.
The speech given by Bank of Japan Deputy Governor Masazumi Wakatabe at CJEB’s event, "Seven Reflections on Japan's Economy, Monetary Policy, and the Bank of Japan," was covered by Reuters, CNBC and other media outlets. Some of their coverage can be found below.
BOJ's Wakatabe warns secular stagnation risk has yet to pass (Reuters, 2/27/2023)
Bank of Japan official reiterates support for 2% inflation target (CNBC, 2/27/2023)
Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, Wrote the Article "The UN Must Not Be Powerless" for Project Syndicate
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 the Project Syndicate article "The UN Must Not Be Powerless." Professor Ito states in the article that, “The war in Ukraine has highlighted the shaky foundations of the international security order..."
The UN Must Not Be Powerless (Project Syndicate, 2/28/23)
Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, was interviewed on Bloomberg about his views on the Bank of Japan’s policy adjustments.
JAPAN CENTER NEWS | December 21, 2022
BOJ Tweaks Could Be First Step Toward Exit, Takatoshi Ito Says (Bloomberg, 12/20/2022)
日銀の政策修正、積極緩和脱却に向けた最初の一歩も－伊藤隆敏氏 (Bloomberg, 12/21/2022)
Professor Takatoshi Ito, Director of CJEB’s Program on Public Pension and Sovereign Funds, was interviewed on TV Tokyo.
JAPAN CENTER NEWS | December 20, 2022
日本のインフレ目標政策の10年～功罪と課題～【プロの眼】(TV Tokyo, 12/19/2022)
住宅ローン金利にも影響 日銀 大規模緩和を転換 (TV Tokyo, 12/20/2022)
Call for Papers for the Fifth Annual Conference of the Japan Economy Network
Columbia University, New York City, 23-24 March 2023
JAPAN CENTER NEWS | November 18, 2022
The Japan Economy Network (JEN) and the Center on Japanese Economy and Business (CJEB) at Columbia Business School invite submissions of papers and extended abstracts for the Fifth Annual JEN Conference. Submissions are encouraged in all areas relating to the Japanese economy, including, among others, monetary and fiscal policy; exchange rate policy; developments in Japanese banking and finance; perspectives on potential output; economics of climate change; demographic change; womenomics; inequality; labour markets; education; and economic history. Papers adopting a comparative perspective are welcome. Young scholars are particularly encouraged to submit their work.
Submission deadline is 9 December 2022. Please send your submissions to the following email address: [email protected]. The outcome of the selection process will be announced by 16 December 2022. Later submissions will be considered.
Click here for more information.
CJEB's event featuring Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, was covered by NHK World-Japan in the article "Professor Explains Why Japan’s Prices Are So Low" and in other media outlets.
JAPAN CENTER NEWS | October 6, 2022
CJEB's event featuring Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, was covered by NHK World-Japan in the article "Professor Explains Why Japan’s Prices Are So Low" and in other media outlets. The English and Japanese coverage is linked below.
Professor explains why Japan's prices are so low (NHK World, 10/6/2022)
なぜ日本は“安く”なった？ アメリカで講演 専門家一問一答も (NHK News Web, 10/6/2022)
Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, Wrote the Article " The Challenge of Monetary Tightening" for Project Syndicate
JAPAN CENTER NEWS | September 28, 2022
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 the Project Syndicate article "The Challenge of Monetary Tightening." Professor Ito states in the article that, "The US Federal Reserve’s latest interest-rate hike is just one more step on the long and difficult road away from quantitative easing. While the Fed and other central banks, such as the Bank of Japan, must complete the journey, governments must refrain from politicizing the pitfalls that await."
The Challenge of Monetary Tightening (Project Syndicate, 9/28/22)
Shogo Sakabe, a current student in the PhD Program in the Department of Economics, and a recipient of CJEB's Doctoral Fellowship, co-authored a paper that received the Homer Hoyt Institute Best Paper Award
JAPAN CENTER NEWS | August 11, 2022
Shogo Sakabe, a current student in the PhD Program in the Department of Economics, and a recipient of CJEB's Doctoral Fellowship, co-authored a paper titled "Place-Based Policies and the Geography of Corporate Investment" with Cameron LaPoint, a former Sumitomo Fellow and a PhD graduate from the Department of Economics, now an assistant professor of finance at Yale University School of Management.
He presented the paper at the AsRES-AREUEA Tokyo Conference, and it received the Homer Hoyt Institute Best Paper Award.
In Memoriam of Former Prime Minister Shinzo Abe
JAPAN CENTER NEWS | July 14, 2022
The tragic and shocking loss of former Prime Minister Shinzo Abe has shaken us and the world. He was Japan’s longest-serving Prime Minister and a prominent and well-respected figure on the global stage. His policies had important impacts on Japan—both politically and economically—and his vision, actions, and legacy will continue to shape Japan and the world long after his passing.
At the Center on Japanese Economy and Business, we join many in mourning his passing. Former Prime Minister Abe was understanding and supportive of our Center’s mission to promote understanding between Japan and the U.S., and he generously spoke in our forums on two occasions. The first was in 2014 at Columbia University’s World Leaders Forum, and the second was in 2016 at CJEB’s 30th Anniversary Tokyo Conference. CJEB leaders were privileged with opportunities to meet with him privately as well. We were always impressed by his thoughtful insights and commitment to strengthening the relationship between the U.S. and Japan.
We will never forget him, and we express our deep sympathies to former Prime Minister Abe’s family, loved ones, and people during this time of grief.
- Center on Japanese Economy and Business
Speech Video Links
From CJEB’s 30th Anniversary Tokyo Conference:
コロンビア大学ビジネススクール日本経済経営研究所創立３０周年記念カンファレンス-平成28年5月13日 (Cabinet Office, Government of Japan)
From Columbia University’s World Leaders Forum:
コロンビア大学訪問-平成26年9月22日 (Cabinet Office, Government of Japan)
English version (Columbia University)
Professor Takatoshi Ito, Director of CJEB's Program on Public Pension and Sovereign Funds, Wrote the Article "Abe Shinzō’s Unmatched Legacy" for Project Syndicate
JAPAN CENTER NEWS | July 12, 2022
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 the Project Syndicate article "Abe Shinzō’s Unmatched Legacy." Professor Ito states in the article that "As the longest-serving prime minister in the history of Japanese democracy, Abe Shinzō fundamentally transformed the country’s security doctrine and economic-policy trajectory. The foundation of reforms and alliances that he established will remain in place for many years to come."
Abe Shinzō’s Unmatched Legacy (Project Syndicate, 7/12/22)
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