Japanese Literary Awards

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Makoto Saitō

さいとう まこと

Saito Makoto

Profile

Gender
Male
Born
1960-07-24 （Nagoya, Aichi, Japan）
Nationality
Japan
Languages
Japanese, English
Residence History
Nagoya (birthplace) → Kyoto (student years) → Boston (graduate study) → Tokyo (academic career) → Vancouver (visiting faculty)

Career

Occupations
Economist, University Professor, Researcher
Active Years
1983-
Affiliations
University of British Columbia, Department of Economics, Kyoto University, Faculty of Economics, Osaka University, Graduate School of Economics, Hitotsubashi University, Graduate School of Economics, Nagoya University, Graduate School of Economics, Bank of Japan, Institute for Monetary and Economic Studies (visiting)
Influenced By
Shūzō Nishimura, John C. Heaton, Olivier Blanchard

Education

Nara Prefectural Nara High School
Period: 1976-1979
Year of Graduation: 1979
Country: Japan
Kyoto University, Faculty of Economics
Faculty of Economics
Degree: Bachelor of Economics
Period: 1979-1983
Year of Graduation: 1983
Country: Japan
Massachusetts Institute of Technology (MIT)
Department of Economics (Ph.D. program) / Economics
Degree: Ph.D.
Period: 1988-1992
Year of Graduation: 1992
Country: United States
Ph.D. thesis: Essays on the risk premium in the US financial market

Awards

Nikkei Economic Book Award (44th)
2001
Work: Thinking and Using Financial Technology: Economics of Risk and Liquidity
Organization: Nihon Keizai Shimbun (Nikkei)
Result: winner
NIRA Oikoshi Policy Research Award (3rd)
2002
Work: Economics of Social Welfare and the Family
Organization: NIRA (Nomura Research Institute-related)
Result: winner
Real Estate Society Publication Award (Academic Division)
2005
Work: Economic Analysis of the Real Estate Market: Information, Taxation, Urban Planning and Land Prices
Category: 学術
Organization: Japanese Society of Real Estate
Result: winner
Japan Economic Association Ishikawa Prize (2nd)
2007
Organization: Japan Economic Association
Result: winner
Economist Award (48th)
2008
Work: Asset Prices and Macroeconomy
Organization: Mainichi Newspapers (Economist magazine)
Result: winner
Foundation Award (National Bank Academic Promotion Foundation)
2011
Organization: National Bank Academic Promotion Foundation
Result: winner
Ishibashi Tanzan Prize (33rd)
2012
Work: The Economics of the Nuclear Crisis: Reflections as a Social Scientist
Organization: Ishibashi Tanzan Memorial Foundation
Result: winner
Medal with Purple Ribbon
2014
Organization: Government of Japan (Cabinet Office)
Result: recipient

Awards & Nominations

Works

Major Works

New Macroeconomics: The Encounter of Classical and Keynesian

1996 Academic (Economics)

An academic work exploring the intersection of classical and Keynesian economics and presenting theoretical frameworks for macroeconomic policy.

MacroeconomicsPolicy theory

Thinking and Using Financial Technology: Risk and Liquidity

2000 Professional (Finance)

Explains theories and practices regarding risk and liquidity of financial products, organizing approaches to financial technology.

Financial engineeringLiquidityRisk management

The Art of Competition: How to Work and Invest

2010 Popular economics

A popular economics book explaining ideas about competition and investment in accessible terms and offering guidance for individuals and firms.

CompetitivenessInvestmentLabor

The Economics of the Nuclear Crisis

2011 Essays / Current affairs economics

Analyzes the crisis around nuclear power from an economic perspective and presents reflections as a social scientist.

Energy economicsRisk assessmentPublic policy

Fiscal Discipline and Macroeconomics: Beyond the Conflict of Suspension and Compliance

2023 Academic (Fiscal policy)

A specialist book discussing the relationship between fiscal discipline and macroeconomic policy, and examining tensions between suspension and compliance.

Fiscal policyDisciplineMacroeconomics

Bibliography

  • New Macroeconomics: The Encounter of Classical and Keynesian
  • Economic Policy and Macroeconomics: New Proposals for Reform
  • Thinking and Using Financial Technology: Risk and Liquidity
  • The Shackles of Growth Belief: Consumption-focused Macroeconomics
  • The Art of Competition: How to Work and Invest
  • The Economics of the Nuclear Crisis
  • Fiscal Discipline and Macroeconomics: Beyond the Conflict of Suspension and Compliance

Style & Themes

Literary Style
Analytical, logical academic styleConcise exposition emphasizing empirical data
Recurring Motifs
Risk and liquidityFiscal disciplineCompetitiveness and productivity

Legacy

A scholar known for empirical analysis in macroeconomics and financial economics. Author of both policy proposals and popular explanatory works, serving as a bridge between academia and policy.

Academic Societies

  • Japan Economic Association
  • Japanese Finance Association

Quotes

  • Deflation continues, but it is a mild one at about an annual rate of 1.1%.
    Source: Reuters (interview), 2013 (2013)
  • Low-productivity firms should not be kept alive by low interest rates; interest rate increases should allow their exit.
    Source: Statements (lectures / articles) (2010)

Trivia

  • Born in Nagoya.
  • Known for strict supervision in seminars.