J-GLOBAL         Last updated: Feb 22, 2019 at 14:59
Aichi University
Faculty of Economics, Department of Economics
Job title
Research funding number

Research Areas



Graduate School, Division of Administration, Kobe University
Faculty of Foreign Language, Nanzan University

Published Papers

Does Foreign Aid Promote Economic Growth?
Global Business and Economics Research Journal   3(4) 20-30   2014   [Refereed]
Does High Yield Spread dampen Economic Growth?The Case of US-Japan
International Journal of Finance & Banking Studies   3(2) 1-9   2014   [Refereed]
Do Central Bank Announcements Influence Exchange Rates and Stock Prices?
Journal of Money, Banking and Finance   2(1) 17-30   2014   [Refereed]
Do European Central Bank Announcements Influence Exchange Rates and Stock Prices?
Journal of Applied Finance & Banking   4(4) 1-14   2014   [Refereed]
Has Interest Rate Policy of the Bank of Japan Influenced Financial Markets?
Journal of Finance & Economics   2(2) 75-85   2014   [Refereed]
Has the Bank of Japan’s ABS Purchases Effectively Influenced Financial Markets?
Economics World   2(3) 161-168   2014   [Refereed]
Improvement of Financial Skill and Economic Growth
International Journal of Research in Social Sciences   4(4)    2014   [Refereed]
Is Unconventional Monetary Policy Effective? Japan-US and Eurozone-US Cross-Country Case
International Journal of Economics, Business and Finance   2(5) 1-10   2014   [Refereed]
Exchange Rates, Stock Prices, and Commodity Pirices: Are There any Relationships?
with Akio Fukushima
Advances in Social Reaserch Journal   1(5) 114-122   2014   [Refereed]
Effects of ECB Monetary Policy: Differences in Policy Interest Rates
with Akio Fukushima
Journal of Knowledge Management, Economics, and Information Technology   4(5) 1-18   2014   [Refereed]
Effects of Exchange Rate Fluctuations and Financial Development on International Trade: Recent Experience
4(5) 793-801   2013   [Refereed]
Do Carry Trades in the Foreign Exchange Markets Influence Stock Prices?
International Journal of Business and Economics Research   2(4) 84-90   2013   [Refereed]
The Japanese Economic and Financial Situation: Where Should We Go and What Changes Are Needed?
International Journal of Business   18(4) 283-286   2013   [Refereed]
Could Monetary Base Rule Have Achieved Economics Growth? Recent Japanese Case
1(3) 161-12   2013   [Refereed]
Does Financial Skill Promote Economic Growth?
Internationla Journal of Humanities and Social Science   3(8) 92-95   2013   [Refereed]
The Effectiveness of Financial Policy in the Japanese Financial Markets
2(5) 161-165   2013   [Refereed]
Recent Experience of the Effects of Intervention on Exchange Rates
Chinese Business Review   12(2) 77-83   2013   [Refereed]
Does Adoption of Inflation Targeting Reduce Exchange Rate Volatility and Enhance Economic Growth?
Journal of World Economic Research   2(6) 104-109   2013   [Refereed]
Do Carry Trades in the Foreign Exchange Markets Influence Stock Prices?
2(4) 84-90   2013   [Refereed]
Does Financial Skill Promote Economic Growth?
3(8) 92-95   2013   [Refereed]
The Deterministic Elements of FDI to ASEAN Countries: The Relationship between FDI and Macroeconomic Variables
Journal of Management and Sustainability   2(2) 11-17   2012   [Refereed]
The Impact of the Bank of Japan’s News Announcements on the Japanese Yen, U.S. Dollar, and the Euro
Journal of Applied Finance & Banking   2(3) 39-50   2012   [Refereed]
Is the WTO Truly Effective?
iBusiness   4(2) 121-125   2012   [Refereed]
Studies in Economics and Finance   29(3) 187-196   2012   [Refereed]
Is Consumption in the United States and Japan Too Much or Too Little?
with Kei Tomimura
iBusiness   4(3) 228-234   2012   [Refereed]
Central Bank's independence and Stock Prices
Modern Economy   3(6) 793-797   2012   [Refereed]
The Balance Sheet Expansion of Central Banks: Are There Any Problems?
Economic Journal of A 2 Z   1(1) 1-6   2012   [Refereed]
13(1) 84-92   2011   [Refereed]
Income Convergence Trends in Regional Agreements
84 1-6   2011   [Refereed]
Is the Tokyo Foreign Exchange Market Efficient from Two Perspectives of Forward Bias and Anomaly?
2(4) 597-601   2011   [Refereed]
Introducing a Common Currency in Central Franc Zone: Is It Appropriate?
1(6) 1-11   2011   [Refereed]
The Impact of Regional Trade Agreements on International Trade
2(5) 846-849   2011   [Refereed]
Japanese Stock Price Determination: What Is Important?
7(12) 1386-1394   2011   [Refereed]
Effects of Exchange Rate Fluctuations and Financial Development on International Trade: Recent Experience
International Journal of Business Management and Economic Research   4(5) 793-801   [Refereed]


Monetary and Fiscal Policy in the United States
Aichi University Journal of Economics   (155) 1-19
Inflation, Corruption and Growth
The Journal of Managerial Research   (74) 141-146
Problems of Monetary Easing in Japan
(123) 1-20
Income Convergence in Regional Agreements
(176) 79-86
Equilibrium Forward Exchange Rates and Interest Parity
35(1) 149-162   1988
Institutional Developments in the Eurobond Markets
36(1) 127-140   1989
Financial Deregulation, Globalization and Monetary Policy
Cross Culture   (12) 241-251   1994
Measuring the Level of International Competitiveness
Cross Culture   (13) 48-55   1995
The Microstructure of Financial Derivatives Markets
(192) 53-68   1995
International Interbank Market and the Financial Innovations
(32) 164-183   1996
International Short-Term Capital Flows and the Foreign Exchange Rate
Cross Culture   (14) 349-370   1996
The International Interbank Market and the Financial Innovations
(32) 164-183   1996
Evaluating European Monetary System
(23) 1-12   1997
The Theory of Rational Expectations
Cross Culture   (15) 255-270   1997
APEC, International Trade, and the Possibility of 'Yen Zone'
(35) 131-140   1998
The Fundamental Determinants of Financial Integration in G7
4(1-2) 49-58   1998
Exchange Rate Dynamics : Three Problems
Cross Culture   (16) 59-66   1998
Capital Controls and Covered Interest Parity in the EU
Cross Culture   (16) 67-76   1998
The TARGET System
(16) 139-152   1998
Central Bank Independence and Output-Inflation Trade-off in the European Union
EU Studies in Japan   (19) 147-164   1999
Monetary Indepence in the ERM Countries
Cross Culture   (17) 137-152   1999
The Optimum Currency Area for APEC
Corss Culture   (17) 159-177   1999
The Measure of a Regime Change in ERM : Speculetine Attacks or Fundamentals
(17) 47-58   1999
An Evaluation of and Prospects for Monetary Integration in the EU Countries
Journal of International Affairs   (111) 19-36   1999
Central Bank Independence, Neutralization, and Sterilization
Journal of Managerial Research   (73) 61-78   1999
MERCOSUR and the International Trade
Aichi University Journal of Economics   (151) 1-18   1999
Speculative attacks or Fundamentals? Empirical Evidence from some European Currencies
Applied Economics Letters   (152) 637-639   1999
Exchange Rates, Trade and Employment in the EU
Review of Monetary and Financial Studies   (16) 85-93   2000
Inflation Targeting as a Monetary Policy Rule
Journal of International Affairs   (112) 71-86   2000
Payment Systems in the EU
Journal of Managerial Research   (74) 119-142   2000
The Taylor Rule in the EU
Aichi University Journal of Economics   (153) 11-30   2000
The Monday Effect in some Asian Foreign Exchange Markets
The Journal of Managerial Research   (75) 1-14   2000
European Union, Intra-Trade and Currency Contagion
Aichi University Journal of Economics   (154) 1-15   2000
APEC and International Trade
(116) 73-92   2001
Taylor Rule and Japan
(58) 39-56   2002
Spreading Use of Digital Money
(78) 45-60   2002
Economic Conditions, Investment and Employment in Europe
European Research Studies   5(3) 3-13   2002
Issues Associated with the Spreading Use of Digital Money
Global Business and Economics Review: Anthology   (2) 393-401   2002
The Changing Corporate Governance in Japan and the Role of Secretaries
(10) 35-53   2002
APEC: International Trade and Economic Growth
Pacific Economic Review   10(2) 27-42   2003
Trade and Foreign Direct Investment between the EU and the EU Accession Countries of Europe
(81) 1-15   2003
Potential Effects of EU Accession on CEE Countries
(121) 197-211   2003
The Benefits and Limitations of E-learning in Universities
(163) 25-40   2003
Is Application of the Taylor Rule to Japan Reasonable
Global Business and Economics Review: Anthology   (2) 314-326   2003
The European Banking Market System and Its Convergence
(82) 89-96   2004
Problems of Corporate Governance in Japan
Global Business and Economics Review   6(1) 82-91   2004
The Day-of-the-Week Effect in Foreign Exchange Markets: Multi-Currency Evidence” Research in International Business and Finance 18, 2004, pp.51-57 (with Nobuyoshi Yamori; First author is Yamori). The Day-of-the-Week Effect in Foreign Exchange Markets: ・・・
Nobuyoshi Yamori and Yutaka Kurihara
Research in International Business and Finance   (18) 51-57   2004
The Day-of-the-Week Effect in Foreign Exchange Markets: Multi-Currency Evidence” Research in International Business and Finance 18, 2004, pp.51-57 (with Nobuyoshi Yamori; First author is Yamori).
The Day-of-the-Week Effect in Foreign Exchange Mark...
’Modeling an Optimal Exchange Rate System to some Asian Countries
(165) 81-92   2004
Transparency’ and ‘Credibility’ in Financial Markets
(166) 379-390   2004
The Balance Sheets of Central Banks: The Effects of Expansion
(83) 89-95   2004
Why Do EU Countries Use Inflation Targeting
Global Business and Economics Review   7(1) 74-84   2005
EU Enlargement and Regional Development
(167) 67-74   2005
Inflation Volatility and Fiscal Policy in Euroland
(84) 43-52   2005
How to Use Media in Teaching International Economics in Higher Education
(125) 287-300   2005
Comparison of Inflation Differentials in the EU and 10 New EU Entrants
(168) 55-66   2005
Foreign Direct Investment and Cross-Country Business Cycle in the EU
(85) 35-46   2005
Monetary Policy during the Bubble Economy
(126) 301-307   2005
The Influence of Introducing Common Currency for Trade and Employment in APEC: An Empirical Analysis
(169) 327-341   2005
Recent Japanese Monetary Policy: An Evaluation of the Quantitative Easing
International Journal of Business   11(1) 81-88   2006
Cyclical Symmerty and Asymmetry of Fiscal Policy in APEC Countries
(170) 27-38   2006
Do Border Effects and Currency Barriers Exist in APEC
(171) 155-163   2006
Eiji Nezu and Yutaka Kurihara
Studies in Economics and Finance   23(3) 211-226   2006
The Relationship between Exchange Rate and Stock Prices during the Quantitative Easing Policy in Japan
International Journal of Business   11(4) 375-386   2006
Singapore Economic Review   51(3) 325-334   2006
Deterministic Elements of the Japanese Stock Prices during Quantitative Easing Policy in Japan
Global Business & Economics Anthology   (1) 137-143   2006
Has the Monetary Policy in the South Korean Economy Effective
(173) 39-48   2007
An Approach for Determining Stock Prices: The Mixture of Fundamental and Chartist Model
Global Business & Economics Anthology   (2) 384-391   2007
Exchange Rate Volatility and Growth
(90) 53-62   2007
Bonds' Spillover Effects on Other Countries' Bonds
(179) 51-59   2007
Is Central Franc Zone Suitable for Introducing a Common Currency
(91) 93-105   2007

Research Grants & Projects

Monetary Integration in the EU, Financial Policy in the EU, Central Bank Independence
The Other Research Programs
Financial Policy in the EU
The Other Research Programs