Takatoshi Ito: Scholarship on Japan’s Economy Transformed

Kosuke Aoki, Alan Auerbach, Charles Horioka, Anil Kashyap, Tsutomu Watanabe and David Weinstein

ISER Discussion Paper from Institute of Social and Economic Research, The University of Osaka

Abstract: Takatoshi Ito, who passed away in September 2025, was a leading scholar of macroeconomics and international finance. This column, written by a group of friends and colleagues, outlines his many contributions in a lifetime of research, teaching and policy-making in Japan, the United States and around the world. His work is particularly notable for challenging the widespread perception that standard economic analysis is somehow ill-suited for understanding the Japanese economy. Indeed, using the discipline’s rigorous tools, he illuminated challenges that Japan faced earlier and more acutely than other countries – including population decline and ageing, ballooning government debt, the zero lower bound and unconventional monetary policies, real estate bubbles and their collapse, and the banking sector’s problem of non-performing loans.

Date: 2025-11
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Working Paper: Takatoshi Ito: Scholarship on Japan's Economy Transformed (2025)
Working Paper: Takatoshi Ito: Scholarship on Japan's Economy Transformed (2025)
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Persistent link: https://EconPapers.repec.org/RePEc:dpr:wpaper:1298

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