Japan project meets.

• Position: Program and Working Group Meetings

The NBER together with the Center on the Japanese Economy and Business, The Center for Advanced Research in Finance, the European Institute of Japanese Studies, and the Australia-Japan Research Centre held a project meeting on the Japanese economy in Tokyo on June 30-July 1. The National Graduate Institute for Policy Studies and European Institute of Japanese Studies co-sponsored the meeting. The organizers were: Jennifer Corbett, Australia-Japan Research Centre; Charles Horioka, NBER and Osaka University; Anil K Kashyap, NBER and the Graduate School of Business, University of Chicago; and David Weinstein, NBER and Columbia University. "[he following papers were discussed:

* Rasmus Fatum, University of Alberta, "Official Japanese Intervention in the JPY/USD Exchange Rate Market: Is it Effective and Through Which Channel Does it Work?"

Ashish Arora, Duke University; Lee G. Branstetter, Carnegie Mellon University and NBER, and Matej Drev, Carnegie Mellon University, "The Great Realignment: How the Changing Technology of Technological Change in Information Technology Affected the U.S. and Japanese IT Industries, 1983-1999"

* Tokuo Iwaisako, Ministry of Finance, and Keiko Okada, Hosei University, "Understanding the Decline in the Japanese Saving Rate in the New Millennium"

Gil S. Bae, Korea University; Yasushi Hamao, University of Southern California; and Jun-Koo Kang, Nanyang Technological...