Japan Center for Economic Research

Japan Center for Economic Research (JCER) has launched an English journal entitled Asian Economic Policy Review (AEPR) in June 2006. The journal is published twice a year through Wiley-Blackwell.Visit the Journal Homepage for more information.

Latest Issue, Volume 6 Issue 2

Back Number

Rationale, Aims and Scope

EDITORIAL POLICY

Latest Issue, Volume 6 Issue 2

The overall theme:"Developments in Asian Finance"

Editors' Overview
Takatoshi ITO, Akira KOJIMA, Colin McKENZIE and Shujiro URATA

Financial Integration in Emerging Asia: Challenges and Prospects
Cyn-Young PARK, Asian Development Bank; Jong-Wha LEE, Korea University
Comments by Kazumasa IWATA; Shujiro URATA

Chiang Mai Initiative Multilateralization: Origin, Development, and Outlook
Chalongphob SUSSANGKARN, Thailand Development Research Institute
Comments by Masatsugu ASAKAWA; Yongding YU

Changes in Development Finance in Asia: Trends, Challenges, and Policy Implications
Toshiro NISHIZAWA, Japan Bank for International Cooperation
Comments by Peter J. MORGAN; Fumiharu MIENO

Are Asian Sovereign Wealth Funds Different?
Edwin M. TRUMAN, Peterson Institutional Economics
Comments by Siow Yue CHIA; Andrew ROZANOV

If the Banks are Doing So Well, Why Can't I Get a Loan? Regulatory Constraints to Financial Inclusion in Indonesia
Jay K. ROSENGARD, Harvard University; A. PRASETYANTOKO, Atma Jaya Catholic University
Comments by Seiro ITO; Hal HILL

Islamic Banking in Malaysia: Unchartered Waters
Mohamed ARIFF, Malaysian institute of Economic Research; Saiful Azhar ROSLY, International Center for Education in Islamic Finance (INCEIF)
Comments by Miki HAMADA; Muhammad Chatib BASRI

Back Number

Issue No.	Title and Subject Summary
Vol.6 Issue 2 (2011 Dec.)	Developments in Asia Finance Focuses on a number of important macroeconomic and microeonomic issues for Asian finance, including financial openness and inetgration, historical development of the Chiang Mai Initiative Mutilateralization. Asian sovereign wealth funds (SWFs) which is different from SWFs in other regions, and Islamic banking in Malaysia are also discussed.
Vol.6 Issue 1 (2011 Jun.)	ASEAN Economy: Diversity, Disparities, and Dynamics This issue examined economy of the Association of Southeast Asian Nations (ASEAN) characterized by diversity, disparities, and dynamics. We explained in detail how ASEAN's political/social and economic integration has developed over the last 40 years, and also focused on some recent developments in individual members of ASEAN, Thailand, Indonesia, Vietnam, and Myanmar.
Vol.5 Issue 2 (2010 Dec.)	Asia Reshaping the Global Economic Order The role and need for regional frameworks are one of the foci of this issue. The increased representation of Asia is welcomed by Asian countries who have long complained about their underrepresentation in many international organizations and forums.
Vol.5 Issue 1 (2010 Jun.)	The Environment and Climate Change This issue examined what policies might be implemented to reduce greenhouse gases emissions, including international policy framework and multi-level governance on climate change in East Asia.
Vol.4 Issue 2 (2009 Dec.)	The United States and East Asia Explored how in the coming years the US may relate to East Asia in areas such as trade, finance, investment, and security, as well as the design and management of regional and global institutions.
Vol.4 Issue 1 (2009 Jun.)	Demographic Change and Asian Dynamics An assessment of the impact of demographic change in Asia, including long-term predictions looking ahead to 2050 and approaching the issues from the perspectives of economic growth, asset markets, social security, and social politics.
Vol.3 Issue 2 (2008 Dec.)	New India An examination of the continuing rapid growth of India's economy, including the role of financial policy, globalizing corporations, and the future of economic reform.
Vol.3 Issue 1 (2008 Jun.)	Growing Inequalities? A special issue on the inequalities within and between countries in East Asia. In addition to regional analysis of discrepancies between economic growth and the state of healthcare and educational systems, we also looked in detail at the situation in Indonesia and other countries. We also discussed changes in national income since the nineteenth century.
Vol.2 Issue 2 (2007 Dec.)	Japan: Where To From Here? This issue examined Japan's 15-year-long "lost decade",looking at economic, financial, and industrial policy and suggesting ways ahead for the future. We examined the weak links between free trade agreements and the government's official development assistance policy and the economic stagnation caused by failures of macroeconomic policy.
Vol.2 Issue 1 (2007 Jun.)	Ten Years After the Asian Crisis: What Have We Learned or Not Learned Ten years on from the Asian financial crisis, this issue looked at the lessons learned and the issues still to be resolved. We analyzed the role played by the International Monetary Fund in rescuing the region from crisis, examining evidence from various countries around the region. A series of essays examined how the crisis affected each country differently.
Vol.1 Issue 2 (2006 Dec.)	Regional Integration in East Asia Contained wide-ranging analysis of the potential for regional economic-based integration in East Asia. As well as examining free trade agreements and international production and distribution networks, this issue also discussed financial cooperation and labor mobility within the region and its impact on regional integration.
Vol.1 Issue 1 (2006 Jun.)	The Rise of China: Its Impacts on Asia and the World Examined the Asian and global impact of China's rapid economic development from a diverse range of perspectives. Considered China's recent economic performance and future prospects and the impact on trade of China's accession to the World Trade Organization.

Rationale, Aims and Scope

Rationale for AEPR

In Japan and Asia today, there are few English-language journals that provide a bridge between Japan and Asia, between academia and policy circles, and between economics and the politics of economic policy making. There is a vacuum for a high-quality, but readable journal in Asia. The mission of our new journal is to fill this gap. We envision that our new journal will grow to have a status in Asia similar to that enjoyed by Foreign Affairs or the Brookings Papers on Economic Activities.

Aims and Scope

The goal of this journal is to become an intellectual voice on the current issues of international economics and economic policy based on comprehensive and in-depth analyses, with a primary focus on Asia. As such, articles in the journal will not be purely academic research or political commentaries. Instead, stress will be placed on identifying key issues at the time - spanning international trade, international finance, the environment, energy, the integration of regional economies and other issues - in order to furnish ideas and proposals to contribute positively to the policy debate in the region. Although the principal focus is economic policy issues, when necessary and relevant, international relations papers will also be included.

EDITORIAL POLICY

Each issue of the journal features a common theme approved at Editorial Meetings. Followed by the meetings, two workshops will be organized every year (one conference for each journal issue) where authors will present their papers, and then receive comments from designated discussants and from conference participants. This process will guarantee a very high standard of papers appropriate for a first-class journal. The revised papers will be published in the journal, together with a summary of the discussions at the workshop.

Editors / Editorial Board

The editorial team for the journal consists of three Editors, a Managing Editor, a group of Associate Editors, and an Advisory Board. The three Editors will be responsible for content of all articles. The Managing Editor is responsible for ensuring the timely and efficient publication of the journal, and will handle all correspondence between the journal, authors and discussants. Associate Editors will provide advice regarding themes for specific issues of the journal, and make suggestions about possible article writers, participate actively in the workshops where papers will be presented and discussed. Members of the Advisory Board will provide advice on policy issues for the journal and aid in the selection process of the specific themes for particular issues of the journal.

Editors

Takatoshi Ito: Professor, University of Tokyo
Akira Kojima: Senior Research Fellow, Japan Center for Economic Research
Shujiro Urata: Professor, Waseda University

Managing Editor

Colin McKenzie: Professor, Keio University

Associate Editors

Mohamed Ariff (Malaysia): Distinguished Fellow, Malaysian Institute of Economic Research
Chia Siow Yue (Singapore): Senior Research Fellow, Singapore Institute of International Affairs
Hal Hill (Australia): Professor, Australian National University
Kazumasa Iwata(Japan):President, Japan Center for Economic Research
Jong-Wha Lee (Korea): Professor, Korea University
Marcus Noland (USA): Deputy Director and Senior Fellow, Peterson Institute for International Economics
Takashi Shiraishi (Japan): President, National Graduate Institute for Policy Studies and President, Institute of Developing Economies, Japan External Trade Organization(IDE-JETRO)
Chalongphob Sussangkarn (Thailand): Distinguished Fellow, Thailand Development Research Institute
Akihiko Tanaka (Japan): Managing Director, Executive Vice President, University of Tokyo
Yongding Yu (China): Senior Fellow, Institute of World Economics and Politics, Chinese Academy of Social Sciences

Advisory Board
Lawrence J. Lau (Hong Kong, China): Former Vice-Chancellor, The Chinese University of Hong Kong
Wang Luolin (China): Consultant, Chinese Academy of Social Sciences
Il SaKong (Korea): Chairman and CEO, Korea International Trade Association
Junichi Ujiie (Japan): Chairman, Nomura Holdings Inc.
Ezra F. Vogel (USA): Professor Emeritus, Harvard University
Osamu Watanabe (Japan): President, Japan Petroleum Exploration Co., Ltd.