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Skip to Content Japanese English Chinese About RIETI Site Map Help Contact Discussion Papers Search Site Search Menu Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows According to Title Alphabetical order RIETI Alumni Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) Research Areas Fellows Research/Policy Papers Publications Events Data Articles Site Map Technical Issues Coontact Discussion Papers Search Close Home Research Areas Research Major Common Themes: 2005 Print RIETI aims to become an "Economic Policy-Designing Headquarters" that can contribute to the formulation of pioneering and cross-cutting policies, detecting and excavating important policy issues in an adequate and preemptive manner by facilitating three-way exchanges among the government, the private sector and academia. To achieve this end, RIETI has set out "Major Common Themes" consisting of six pillars of key economic issues as a new mid- to long-term framework for research activities. I. Comprehensive Appraisal of "Lost Decade" II. New Global Imbalances in an Era of Asian Integration III. Public Debt and Economics of Ageing IV. New Financial Market Architecture and Corporate Governance V. Exploring New Systems for Innovation VI. Strengthening Database and Model Operations I. Comprehensive Appraisal of "Lost Decade" RIETI seeks to comprehensively appraise gains and losses of the 10-year stagnation both from macro- and micro-economic viewpoints and to identify new challenges. Such systematic research on the exit mechanism from deflation will provide valuable knowledge to other developed nations as well as to neighboring Asian countries. Sub Major Issues I-(1) Exit mechanism unique to Japan's deflation I-(2) Changes in determinants of TFP I-(3) Structural reforms - implementation and their effects I-(4) Institutional complementarities between corporate and government governance II. New Global Imbalances in an Era of Asian Integration The sustainability of the huge external deficits of the United States and the rapid accumulation of foreign reserves in Asia will be examined, based upon which RIETI seeks to design policies for trade, foreign exchange and structural changes that are compatible with future integration in Asia. Sub Major Issues II-(1) Triangular trade pattern and intra-industry vertical specialization II-(2) Searching for smooth adjustments to global imbalances II-(3) Relations between exchange regimes and domestic institutional development II-(4) Exploring compatibility between free trade and environment II-(5) Seeking for effective FTA/EPAs II-(6) Technocrat-government relationships in post-crisis Asia III. Public Debt and Economics of Ageing RIETI seeks to establish new comprehensive "economics of aging" that address not only the problem of fiscal deficits and public debt but also social security issues such as pensions, medical care and nursing, thereby presenting an ideal fiscal system for Japan. Sub Major Issues III-(1) How can Japan sustain its huge public debt? III-(2) Holistic approach to social security issues: economics of ageing III-(3) Searching for ideal pension systems III-(4) What social security systems would minimize disincentives in labor market? IV. New Financial Market Architecture and Corporate Governance Toward the creation of a new financial system, RIETI seeks to establish a theoretical framework that goes beyond the conventional direct-versus-indirect finance approach thereby studying asset securitization and liquidity, corporate governance, small business finance, and public finance within that framework. Sub Major Issues IV-(1) New analytical framework for designing financial architecture IV-(2) Institutional differences between banking systems and capital markets IV-(3) Where is Japanese corporate governance heading? V. Exploring New Systems for Innovation RIETI seeks to clarify the linkages between science and technology (S-T linkages) and those between technology and industry (T-I linkages), the strengths and weakness of Japan's technological innovation and the role of regional clusters, and to explore technology innovation for information appliances, i.e. digital appliances that are capable of communication. Sub Major Issues V-(1) Searching for new innovation systems that strengthen competitiveness V-(2) Intellectual property rights and strengthening competitiveness V-(3) Regional cluster and enhanced industry-university collaboration VI. Strengthening Database and Model Operations RIETI seeks to enhance microdata and improve model simulations that contribute to analysis of the areas of trade, pensions, energy and the environment, thereby strengthening the infrastructure for RIETI research activities. Sub Major Issues VI-(1) Developing micro-models for policy evaluation of deregulations VI-(2) New micro-database related to services, ageing, and environment VI-(3) Strengthening model operations related to international trade and pensions *Title Abbreviation SF: Senior Fellow / F: Fellow / FF: Faculty Fellow / CF: Consulting Fellow Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Major Common Themes: 2005 Major Common Themes: 2004 Projects Survey Communications Newsletter RSS Feed Facebook X YouTube Research Areas Research Programs (FY2024-2028) Research Programs (FY2020-2023) Research Programs (FY2016-2019) Research Programs (FY2011-2015) Policy Research Domains (FY2006-2010) Projects Survey Fellows Research/Policy Papers Discussion Papers (English) Discussion Papers (Japanese) Policy Discussion Papers (English) Policy Discussion Papers (Japanese) Technical Papers (English) Technical Papers (Japanese) Non Technical Summaries List of Articles in Journals Research Digest Discussion Papers Search Publications RIETI Books (English) RIETI Books (Japanese) History of Japan's Trade and Industry Policy Authors' Words Other Publications (English) Other Publications (Japanese) Events Symposiums Workshops BBL Seminars Archived Seminar Series Data JIP Database R-JIP Database CIP Database Industry-Specific Nominal and Real Effective Exchange Rates AMU and AMU Deviation Indicators JSTAR RIETI-TID RIETI FDI Database ICPA Project Links Articles Column Special Series Newspapers & Magazines Fellows' Works VoxEU Column From IZA Perspectives from Around the World Other Contents RIETI Report Policy Update Keizai Sangyo Journal (METI Journal) About RIETI Privacy Policy Site Policy Site Map Help Contact METI Web Site Research Institute of Economy, Trade and Industry, IAA (JCN 6010005005426)JCN: Japan Corporate Number Opinions expressed or implied on this website are solely those of the author, and do not necessarily represent the views of the Research Institute of Economy, Trade and Industry (RIETI).Titles, numbers, specific names, etc. on this website are as of the date of publication. 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