Nakahara Prize goes to Hoshi.Takeo Hoshi, an NBER NBER National Bureau of Economic Research (Cambridge, MA)
NBER Nittany and Bald Eagle Railroad Company Research Associate from the University of California, San Diego UCSD is consistently ranked among the top ten public universities for undergraduate education in the United States by U.S. News & World Report. It is a Public Ivy.  For graduate studies, most of UCSD's Ph.D. , won the Japan Economic Association's 2005 Nakahara Prize. The prize is awarded every year to honor one outstanding Japanese economist under the age of 45. The committee cited Hoshi's work on the Japanese banking system. They said "he has been the forefront of analyzing both theoretical and empirical issues of the Japanese banking problem in the 1990s. He analyzed how the once highly regarded bank-centered Japanese financial system The main elements of Japan's financial system is much the same as those of other major industrialized nations: a commercial banking system, which accepted deposits, extended loans to businesses, and dealt in foreign exchange; specialized government-owned financial institutions, has become a liability to the entire economy." Since the founding of the award in 1995, Hoshi becomes the fourth NBER economist to win it.
In 1995, Fumio Hayashi of the University of Tokyo “Todai” redirects here. For the restaurant called Todai, see Todai (restaurant).
The University of Tokyo (東京大学 was chosen by the committee for his work in macroeconomics macroeconomics
Study of the entire economy in terms of the total amount of goods and services produced, total income earned, level of employment of productive resources, and general behaviour of prices. , particularly for making a "major contribution to our understanding of the rational expectations hypothesis by creating new inference methods and applying them to U.S. and Japanese data on consumption." In 1997, Nobuhiro Kiyotaki of the London School of Economics The School is a member of the Russell Group, the European University Association, Association of Commonwealth Universities, the Community of European Management Schools and International Companies, The Association of Professional Schools of International Affairs as well as the Golden was chosen for making "several outstanding contributions in the areas of macroeconomics and monetary economics by creating innovative original models and, thereby presenting new insights to old questions." In 2001, Charles Y. Horioka of Osaka University was selected for "several outstanding contributions in the areas of international capital flows and saving and consumption in Japan."
It is quite remarkable that four NBER Research Associates have won this important prize in the ten years since it began, as there are only a small number of Japanese NBER researchers who are eligible for this prize.