Pass-Through of Exchange Rate Changes and Macroeconomic Shocks to Domestic Inflation in East Asian Countries

We examine the pass-through effects of exchange rate changes on the domestic prices among the East Asian countries using the conventional pass-through equation and a VAR analysis. First, dynamics of pass-through from the exchange rate to import prices and consumer prices is analyzed using the conventional model of pass-through based on the micro-foundations of the exporter's pricing behavior. Both the short-run and long-run elasticities of the exchange rate pass-through are estimated. Second, a vector autoregression (VAR) technique is applied to the pass-through analysis. A Choleski decomposition is used to identify structural shocks and to examine the pass-through of each shock to domestic price inflation by the impulse response function and variance decomposition analyses. Both the conventional analysis and VAR analysis show that while the degree of exchange rate pass-through to import prices is quite high in the crisis-hit countries, the pass-through to CPI is generally low, with a notable exception of Indonesia. The VAR analysis shows that the size of the pass-through of monetary shocks is even larger in Indonesia. Thus, it was Indonesia's accommodative monetary policy as well as the high degree of the CPI responsiveness to exchange rates that contributed to high domestic price inflation, resulting in the loss of its export competitiveness, even when the currency depreciated sharply in nominal terms in 1997-98.

Some Insights from Negotiation Theory

One of the problems of English education in Japan is that although students obtain extensive grammar knowledge, they will hardly be able to become successful communicators. In spite of 6-10 years of English instruction at school, most Japanese not only have a lot of difficulty in comprehending input, but also difficulty in making their output understood. Negotiation is adjustment which learners and their interlocutors make in order to increase the comprehensibility of the message. It has been one of the major issues in language learning and the language acquisition field presently however, it does not seem to have obtained sufficient recognition in the English education in Japan. With its practicality, negotiation would be a key factor in facilitating classroom interaction. This paper tries to review the historical and developmental background of negotiation theory (section 1), define its domain (section 2), describe its two aspects (section 3) and components of each of them (sections 4 and 5), draw out some insights from negotiation theory (section 6) and discuss their implications to activate English classrooms in Japan (section 7)

The Effectiveness of Teacher Feedback in ESL Composition : How to Improve It and How to Fully Internalize It

This paper reviews teacher feedback to student writing in ESL composition. I will start by introducing Vivian Zamel\u27s article (1985), which triggered the active movement of feedback research (section 1), then focus on the nature of teacher feedback and how students receive it (section 2), later I will address some studies which investigated the effectiveness of teacher feedback (section 3), and finally suggest how the teachers can improve their feedback and how students can make the most of it (section 4)

Supersymmetry Breaking Triggered by Monopoles

We investigate N = 1 supersymmetric gauge theories where monopole condensation triggers supersymmetry breaking in a metastable vacuum. The low-energy effective theory is an O'Raifeartaigh-like model of the kind investigated recently by Shih where the R-symmetry can be spontaneously broken. We examine several implementations with varying degrees of phenomenological interest.Comment: 20 pages, 4 figures (v2: minor clarifications and typos fixed

Study Abroad and the Transnational Experience of Japanese Women from 1860s–1920s: Four Stages of Female Study Abroad, Sumi Miyakawa and Tano Jōdai

This article aims to analyse the study abroad and transnational experiences of Japanese women between the 1860s and the 1920s. First, this article analyses the tendencies, periods, agents (both government-funded and privately-funded), aims and subjects studied in female study abroad in the four stages during this period from school history materials of individual institutions which supported female study abroad. In its later stages, female study abroad tended to strengthen the function of raising leaders of girls’ and women’s education, while in its early stages it tended to introduce a variety of Western culture and academic knowledge. Second, the article focuses on the forms of government- and privately-funded study abroad for women by tracing the study-abroad experience of two women educators in the early 20th century. Within government-funded study abroad, academic disciplines studied and students’ experiences were controlled by the government and focused on building a national female educational system. However, privately-funded study abroad possessed wider aims. It allowed female students to study various academic disciplines and introduced new international trends for promoting women’s social participation. Most female students who experienced study abroad became pioneers of female education and/or social activities in Japan as a result of their transnational experiences

Impacts of the Basle Capital Standard on Japanese Banks' Behavior

This paper examines how the risk based capital standards, the so-called Basle Accord between 1990 and 1993. As the Japanese stock prices fell, banks' latent capital gains, which are part of tier II capital, became smaller. Empirical findings are consistent with a view that banks with lower capital ratios tended to issue more subordinated debts (tier II) and to reduce lending (risk assets).

Comparative accuracy of cervical cancer screening strategies in healthy asymptomatic women:a systematic review and network meta-analysis

To compare all available accuracy data on screening strategies for identifying cervical intraepithelial neoplasia grade ≥ 2 in healthy asymptomatic women, we performed a systematic review and network meta-analysis. MEDLINE and EMBASE were searched up to October 2020 for paired-design studies of cytology and testing for high-risk genotypes of human papillomavirus (hrHPV). The methods used included a duplicate assessment of eligibility, double extraction of quantitative data, validity assessment, random-effects network meta-analysis of test accuracy, and GRADE rating. Twenty-seven prospective studies (185,269 subjects) were included. The combination of cytology (atypical squamous cells of undetermined significance or higher grades) and hrHPV testing (excepting genotyping for HPV 16 or 18 [HPV16/18]) with the either-positive criterion (OR rule) was the most sensitive/least specific, whereas the same combination with the both-positive criterion (AND rule) was the most specific/least sensitive. Compared with standalone cytology, non-HPV16/18 hrHPV assays were more sensitive/less specific. Two algorithms proposed for primary cytological testing or primary hrHPV testing were ranked in the middle as more sensitive/less specific than standalone cytology and the AND rule combinations but more specific/less sensitive than standalone hrHPV testing and the OR rule combination. Further research is needed to assess these results in population-relevant outcomes at the program level

Sample Size Effect of Magnetomechanical Response for Magnetic Elastomers by Using Permanent Magnets

The size effect of magnetomechanical response of chemically cross-linked disk shaped magnetic elastomers placed on a permanent magnet has been investigated by unidirectional compression tests. A cylindrical permanent magnet with a size of 35 mm in diameter and 15 mm in height was used to create the magnetic field. The magnetic field strength was approximately 420 mT at the center of the upper surface of the magnet. The diameter of the magnetoelastic polymer disks was varied from 14 mm to 35 mm, whereas the height was kept constant (5 mm) in the undeformed state. We have studied the influence of the disk diameter on the stress-strain behavior of the magnetoelastic in the presence and in the lack of magnetic field. It was found that the smallest magnetic elastomer with 14 mm diameter did not exhibit measurable magnetomechanical response due to magnetic field. On the opposite, the magnetic elastomers with diameters larger than 30 mm contracted in the direction parallel to the mechanical stress and largely elongated in the perpendicular direction. An explanation is put forward to interpret this size-dependent behavior by taking into account the nonuniform field distribution of magnetic field produced by the permanent magnet

Masaharu Hanazaki, ZUI Seien and OTAKI Masayuki, Analysis of Financial System and Regulation (KINYU SHISUTEMU TO KINYU KISEI NO KEIZAI BUNSEKI)

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