How do Japanese households make consumption decisions? This book uses “life cycle theory” to analyze, from a consistent perspective, various phenomena related to consumption in Japan, such as the ...
This paper examines whether two well-known models, Campbell and Cochrane’s habit model (1999) and Bansal and Yaron’s long-run risks model (2004), can produce significant return predictability. We find ...
People walk under cooling mist in extremely hot weather in Kumagaya, Saitama Prefecture, on July 18, 2023. (Mainichi/Emi Naito) TOKYO -- The extreme heat of recent summers in Japan may reduce ...
In an observational analysis of UK Biobank participants, light to moderate drinkers had the lowest heart disease risk, followed by people who abstained from drinking; however, light to moderate ...
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