Our Team of Experts
Areas of Expertise
Japanese economy, monetary policy, corporate governance, financial regulation
Takeo Hoshi is Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at the Freeman Spogli Institute for International Studies, Stanford University. Before joining Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at the University of California, San Diego, where he has conducted research and taught since 1988.
Hoshi earned his PhD in economics at the Massachusetts Institute of Technology in 1988 after graduating from the University of Tokyo in 1983 with a BA in social sciences.
Articles on the Site
His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001), co-authored with Anil Kashyap (Graduate School of Business, University of Chicago), received the Nikkei Award for the Best Economics Books of 2002. His other publications include, “Japanese Government Debt and Sustainability of Fiscal Policy” (with Takero Doi and Tatsuyoshi Okimoto), Journal of the Japanese and International Economies, 2011; “Corporate Restructuring in Japan during the Lost Decade” (with Satoshi Koibuchi and Ulrike Schaede), “Japan’s Bubble, Deflation, and Long-term Stagnation,” MIT Press, 2011 (Koichi Hamada, Anil K Kashyap, and David E. Weinstein, eds.); “Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan” (with Anil Kashyap), Journal of Financial Economics, 2010;and “Zombie Lending and Depressed Restructuring in Japan” (joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.