Japan project meets.

• Position: Bureau News

The NBER together with the Center for International Research on the Japanese Economy and the European Institute of Japanese Studies held a project meeting on the Japanese economy in Tokyo on September 15-16. The co-chairs of the meeting were: Magnus Blomstrom, NBER and Stockholm School of Economics; Fumio Hayashi, NBER and the University of Tokyo; Anil K Kashyap, NBER and the Graduate School of Business, University of Chicago; and David Weinstein. NBER and Columbia University. The following papers were discussed:

Nobuyuki Oda, Bank of Japan. and Kazuo Ueda, University of Tokyo, 'The Effects of the Bank of Japan's Zero Interest Rate Commitment and Quantitative Monetary Easing on the Yield Curve: A Macro-Finance Approach" Discussant: Lars E. O. Svensson. NBER and Princeton University

Wilbur J. Coleman, Duke University, "Structural Transformation and Growth Slowdowns: Japan in the 90s" Discussant: Randall S. Kroszner, NBER and University of Chicago

R. Anton Braun, University of Tokyo; Toshihiro Okada, Kwansei Gakuin University; and Nao Sudou, Bank of Japan, "U.S. R&D and Japanese Medium Cycles" Discussant: Jonathan Eaton, NBER and New York University

Hiroshi Ono, Stockholm School of Economics, "Lifetime Employment in Japan: Concepts and Measurements'" Discussant: Kenn Ariga, Kyoto...