I have accomplished three projects. First, I have completed a paper entitled “Has Japan Conquered the Fear of Freedom? Reflections on Exchange Rate Systems and Monetary Policy” which I have presented at the conference on “Floating Exchange Rates at Fifty” held at Peterson Institute for International Economics on March 2023. My paper has been peer-reviewed and accepted by the editors, which will be published in April. In this paper I have argued that exchange rate is at the intersection of politics and economics, both domestic and foreign, and it is closely related to Japan’s monetary policy.

Secondly, I have presented a keynote speech entitled “‘Opulence and Freedom’: What Adam Smith Could Teach Us about the Future of Capitalism” at the International Adam Smith Society held at Waseda University on March, 2024. In this speech, I have started with challenges which central banks face such as productivity slowdown, growing inequality, waning competition, and climate change and drawn some lessons from reading Adam Smith in this light. I am planning to submit this paper to an international academic journal and publish it.

Thirdly, I have written a commentary to the Japanese translation of Nicholas Wapshott’s Samuelson Friedman: The Battle over the Free Market (New York: W.W. Norton and Co., 2021), which was published by Hayakawa Publishing, Inc. in August 2023. The book is about the intellectual rivalry between two American great economists over economic issues. I have supplemented the author’s understanding of economics and monetary policy of the day and have emphasized the relevance of their intellectual debates to the contemporary discussion on the future of inflation.

Along with these three projects, I have been working on a book project on tentatively entitled Beyond Abenomics and spent two months at Center on Japanese Economy and Business at Columbia Business School from August to September 2023. I have presented my research in a seminar organized by CJEB on September. It is about Abenomics and its aftermath where the Bank of Japan's monetary policy is a key factor.

I applied for the Grants-in-Aid for Scientific Research with the title of “The Co-evolution of Central Banks and Economics: A History of Economic Thought Study of the Emergence of the Bank of Japan as a Crisis responding institution” and my research proposal was accepted for 2024 to 2026.