Research Institute of Capital Formation (RICF) | Development Bank of Japan (DBJ)

What's New

17/10/2025		Research seminar "Forecasting Japanese Recessions Using Machine Learning and Mixed-Frequency Data" was held.
01/10/2025		We are pleased to announce that Professor Sanjay Banerjee (University of Alberta Associate) joined our institute as Shimomura Fellow.
26/06/2025		Economics Today "Towards ensuring sustainable domestic logistics−Process of causing the "2024 problem of transportation capacity shortages due to stricter labor regulations for truck drivers" and perspectives towards ensuring sustainable domestic logistics −" was published.
15/05/2025		Economics Today "Formation and Evolution of Life Science Ecosystems－Social Implementation Process and Human Resource Development－" was published.
21/04/2025		Research seminar "AI and Fintech Research" was held.
24/01/2025		"Handbook of Industrial Financial Data 2024" was published (in Japanese).
21/01/2025		Workshop "Inclusion and Sustainable Development" (Co-hosted by The University of Tokyo & Seoul National University) was held.
19/12/2024		Discussion Paper "How Costly Are Cultural Biases? Evidence from FinTech" was published.
26/11/2024		Research seminar "The role and effectiveness of FinTech in P2P lending" was held.
14/11/2024		Research seminar "The Value of Social Media Anonymity: Evidence from the Stock Market" was held.
18/10/2024		Research seminar "Fighting Climate Change with FinTech" was held.
16/10/2024		We are pleased to announce that Professor Alberto G. Rossi (McDonough School of Business, Georgetown University) joined our institute as Shimomura Fellow.
20/09/2024		Discussion Paper "The Role of Corporate Venture Capital in Japan" was published.
20/08/2024		Research seminar "The Role of Corporate Venture Capital in Japan" was held.
22/07/2024		Research seminar "Do Activists Trade Options: Evidence from Passive Blockholders Becoming Active" was held.
18/07/2024		We are pleased to announce that Professor Vladimir I. Ivanov (U.S. Securities and Exchange Commission) joined our institute as Shimomura Fellow.
16/07/2024		Research seminar "Managing Ownership by Management" was held.
03/06/2024		Economics Today "Sustainability in Medical and Long-Term Care－ Rebuilding the Medical and Long-Term Care Provision System Post-2025 －" was published (in Japanese).
24/05/2024		Research seminar "The Role of Public Intangibles on Externalities of Public Infrastructure in Japan-Empirical Studies Using the Japanese Regional Database-" was held.
30/04/2024		Economics Today "The Behavioral Discipline and the Moral of Economic Agents: Messages from Dr. Kozo HORIUCHI toward the Moral Philosophy for the Future" was published (in Japanese).
30/04/2024		Discussion Paper "Selection and Pricing of Green and Sustainability-Linked Corporate Bonds" was uploaded.
12/04/2024		Research seminar "Unleashing Innovation and Entrepreneurship: Ripple Effects of Employment Protection Reforms" was held.
29/03/2024		Discussion Paper "Post-Pandemic Surges of Real Unit Energy Costs in Eight Industrialized Countries" was uploaded.
22/03/2024		Discussion Paper "Life Science Ecosystem Formation in Singapore - The Process of Focusing on ‘Translation’ -" was uploaded.
16/01/2024		"Handbook of Industrial Financial Data 2023" was published (in Japanese).
16/02/2024		Research seminar "Exorbitant Privilege" as An Equilibrium ― Is the Privilege Persistent? ― was held.

Recent Research Papers

Other Research Papers

26/06/2025		Towards ensuring sustainable domestic logistics−Process of causing the "2024 problem of transportation capacity shortages due to stricter labor regulations for truck drivers" and perspectives towards ensuring sustainable domestic logistics − (Toshihiko Doi) (in Japanese).
15/05/2025		Formation and Evolution of Life Science Ecosystems－Social Implementation Process and Human Resource Development－ (Tatsufumi Aoyama).[PDF:1.7M]
16/01/2024		Handbook of Industrial Financial Data 2024 (DBJ Research Institute　of Capital Formation (ed.)) (in Japanese).
19/12/2024		How Costly Are Cultural Biases? Evidence from FinTech (ROSSI, Alberto G.)[PDF: 15M]
20/09/2024		The Role of Corporate Venture Capital in Japan (IVANOV, Vladimir I)[PDF:307K]
03/06/2024		Sustainability in Medical and Long-Term Care－Rebuilding the Medical and Long-Term Care Provision System Post-2025－ (Tatsufumi Aoyama) (in Japanese).
30/04/2024		The Behavioral Discipline and the Moral of Economic Agents: Messages from Dr. Kozo HORIUCHI toward the Moral Philosophy for the Future (Yaginuma Hisashi, Morio Kuninori, Makoto Hasebe and Yuko Hosoda) (in Japanese).
30/04/2024		Selection and Pricing of Green and Sustainability-Linked Corporate Bonds (Ramirez, Maria Gonzalez and John K. Wald)[PDF:387K]
29/03/2024		Post-Pandemic Surges of Real Unit Energy Costs in Eight Industrialized Countries (Nomura Koji, and Sho Inaba)[PDF:2.2M]
22/03/2024		Life Science Ecosystem Formation in Singapore - The Process of Focusing on ‘Translation’ - (Tatsufumi Aoyama)[PDF:439K]
16/01/2024		Handbook of Industrial Financial Data 2023 (DBJ Research Institute　of Capital Formation (ed.)) (in Japanese).
01/11/2023		The Effect of Covid-19 on Cities and the Outlook for the Future (Kenichi Ueno).[PDF:793K]