| Budget Amount *help |
¥4,810,000 (Direct Cost: ¥3,700,000、Indirect Cost: ¥1,110,000)
Fiscal Year 2015: ¥1,690,000 (Direct Cost: ¥1,300,000、Indirect Cost: ¥390,000)
Fiscal Year 2014: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
Fiscal Year 2013: ¥1,560,000 (Direct Cost: ¥1,200,000、Indirect Cost: ¥360,000)
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| Outline of Final Research Achievements |
This study investigates whether or not the model, which is effective to the US bond risk premium, has the explanatory power for the Japanese bond risk premium. Empirical results show that the model is also effective to the Japanese bond risk premium. The evidence implies that, whereas the investors on the Japanese government bond and the US government bond are different, the risk premia of these bonds are determined by the similar model.
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