Japan project.

• Position: Conferences

The NBER held a meeting on the Japanese economy in Tokyo on August 1. The seminar was organized by Shiro Armstrong of the Australian National University, Research Associate Charles Horioka of the Asian Growth Research Institute (Kitakyushu), Research Associate Takeo Hoshi of Stanford University, Tsutomu Watanabe of the University of Tokyo, and Research Associate David Weinstein of Columbia University. These researchers' papers were presented and discussed:

* Robert Dekle, University of Southern California; Atsushi Kawakami, Teikyo University (Tokyo); Nobuhiro Kiyotaki, Princeton University and NBER; and Tsutomu Miyagawa, Gakushuin University (Tokyo), "Product Dynamics and Aggregate Shocks: Evidence from Japanese Product and Firm Level Data"

* David Cashin, Federal Reserve Board, and Takashi Unayama, Hitotsubashi University (Tokyo), "The Impact of a Permanent Income Shock on Consumption: Evidence from Japan's 2014 VAT Increase"

* Jess Diamond, Hitotsubashi University (Tokyo), and Kota Watanabe and Tsutomu Watanabe, University of Tokyo, "The Formation of Consumer Inflation Expectations...