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List of Research Papers Related to Payment and Markets

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List of Research Papers
Date Title
Aug. 12, 2014 Money Market Operations in Fiscal 2013 
June 19, 2014 Portfolio Rebalancing Following the Bank of Japan's Government Bond Purchases: A Fact Finding Analysis Using the Flow of Funds Accounts Statistics 
June 19, 2014 Portfolio Rebalancing Following the Bank of Japan's Government Bond Purchases: Empirical Analysis Using Data on Bank Loans and Investment Flows 
Apr. 11, 2014 Confidence Erosion and Herding Behavior in Bond Markets: An Essay on Central Bank Communication Strategy 
Feb. 28, 2014 Trends in the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2013) -- 
Nov. 29, 2013 Indicators Related to Liquidity in JGB Markets 
Sept. 20, 2013 On the Reliability of Japanese Inflation Expectations Using Purchasing Power Parity 
June 19, 2013 Money Market Operations in Fiscal 2012 
May  15, 2013 Trends in and Challenges for the Money Market in Japan -- Results of the Tokyo Money Market Survey (August 2012) -- 
May   8, 2013 Estimating Term Premia at the Zero Bound: An Analysis of Japanese, US, and UK Yields 
May   2, 2013 Identifying Conventional and Unconventional Monetary Policy Shocks: A Latent Threshold Approach 
Feb. 25, 2013 The Effects of Settlement Methods on Liquidity Needs: Empirical Study based on Funds Transfer Data 
Dec. 28, 2012 Application of a Search Model to Appropriate Designing of Reference Rates: Actual Transactions and Expert Judgment 
Dec. 21, 2012 Recent Developments in Electronic Money in Japan (2012) 
Nov.  2, 2012 Identification of Structural Shocks under the Zero Lower Bound on Nominal Interest Rates 
Sept.  6, 2012 Determinants of Long-term Yields: A Panel Data Analysis of Major Countries and Decomposition of Yields of Japan and the US 
June 11, 2012 Money Market Operations in Fiscal 2011 
Apr.  3, 2012 Recent Developments in U.S. Dollar Funding Costs through FX Swaps 
Mar.  2, 2012 Changes in the Relationship between Currencies and Commodities 
Oct. 27, 2011 Responses to the Great East Japan Earthquake by Payment and Settlement Systems and Financial Institutions in Japan 
Sept.  9, 2011 How much Asymmetry is there in Bond Returns and Exchange Rates? 
Aug. 10, 2011 Asian Financial Linkage: Macro-Finance Dissonances 
Aug. 10, 2011 A Global Game Analysis of Emergent Liquidity Provision and the Role of Creditors' Aggregate Behavior as Signaling 
May  31, 2011 Money Market Operations in Fiscal 2010 
May  27, 2011 A Positive Theory of Fixed-Rate Funds-Supplying Operations in an Accommodative Financial Environment 
Apr. 21, 2011 Review for Further Establishing Japan's Fails Practice -- Revisions in Market Practice Based on the Final Report of JSDA's Working Group on Fails -- 
Jan. 17, 2011 Capital Inflows to Emerging Countries and Their Reflux to the United States 
July 30, 2010 Money Market Operations in Fiscal 2009 
Aug. 31, 2009 Money Market Operations in Fiscal 2008 
Aug. 24, 2009 Developments in Electronic Money in Japan during Fiscal 2008 
July 31, 2009 BOJ-NET Funds Transfers after the Implementation of Phase 1 of the Next-Generation RTGS Project 
Mar. 27, 2009 Central Bank Responses to the Money Market Turmoil Stemming from Subprime Woes: Review of the Initial Phase from August 2007 until July 2008 
Oct.  1, 2008 Recent Developments in Electronic Money in Japan 
Sept. 18, 2008 Recent Trends in Japanese Foreign-Exchange Margin Trading 
Aug. 29, 2008 Money Market Operations in Fiscal 2007 
Nov.  7, 2007 Monitoring Commodity Markets - From the Perspective of Understanding Global Financial Market Trends 
Aug.  1, 2007 Payment Flows for Settlement of Foreign Exchange Trades: Japan's Experience since 2002 
July 27, 2007 Survey on Yen-OIS Market in May 2007 
Mar. 23, 2007 Arbitrage Activities between Offshore and Domestic Yen Money Markets since the End of the Quantitative Easing Policy 
Dec. 29, 2006 Funding Levels for the New Accounts in the BOJ-NET 
Dec.  4, 2006 Changes in Hedge Fund Investment Behavior and the Impact on Financial Markets - Position Concentration, Expanded Scope, and Market Liquidity Risk - 
Nov. 10, 2006 BOJ-NET Funds Transfers after the End of the Quantitative Monetary Easing Policy 
Oct. 25, 2006 Japan's Next-Generation RTGS 
Aug. 31, 2006 Money Market Operations in Fiscal 2005 
June 13, 2006 Recent Developments in Hedge Funds 
Mar.  2, 2006 The reforms in the Japanese government securities market 
Mar.  2, 2006 The reforms in the Japanese government securities market 
Aug. 19, 2005 Money Market Operations in Fiscal 2004 
Aug. 31, 2004 Money Market Operations in Fiscal 2003 
July 27, 2004 Negative Interest Rates under the Quantitative Monetary Easing Policy in Japan: The Mechanism of Negative Yen Funding Costs in the FX Swap Market