On March 16, 2012 Professor Naoya Takezawa and Professor Katsushige Sawaki from Nanzan University in Japan presented a guest seminar to the Bond community.
 
Professor Takezawa spoke on the correlations between the equity premium and the consumption patterns of luxury goods in Japan. He argued that when the equity premium associated with stocks was high, affluent corporate investors experienced an inflated sense of personal wealth, which would increase their consumer confidence and cause them to place a higher per item value on luxury goods. This can be evidenced by the influx in the importation and sale of expensive impressionist artworks in Japan during the late 1980’s, a time when the equity premium of stocks was very high. Professor Takezawa hopes that this research can lead to great certainty in predicting future shifts and ‘shocks’ to the equity premium. For continuing research, he believes that it will be necessary to take into account the challenges associated with the more complex monetary regulations of modern markets.

 

When

16 March 2012
2.30 pm - 3.30 pm

Where

Bond University
Case Study Room 1 (04_03_37)
Faculty of Law

Contact Information

Ben Scarrabelotti
Research Assistant
Tim Fischer Centre for Global Trade and Finance
 

Mairead Courtney
Events Officer
Faculty of Law

Tel: (07) 5595-1042