• International Finances
• International Banking

Books

Misawa, M. (2023). Book written by Misawa, “International Business and Finance in Japanese Corporations, Recent Harvard-Listed Case Studies and Insights (978-9811277252 ed., pp. 188). World Scientific Publishing Co. Pte. Ltd., Imperial College Press in London. 

Misawa, M. (2016). Book written by Misawa, 2nd edition of “Cases on International Business and Finance in Japanese Corporations (978-9814663090 ed., pp 546). World Scientific Publishing Co. Pte. Ltd., Imperial College Press in London. 

Misawa, M. (2011). Book written by Misawa: 2nd edition of “Current Business and Legal Issues in Japan’s Banking and Finance Industry” (5 chapters are added) (978-981-4291-01-9 ed., pp596). World Scientific Publishing Co. Pte. Ltd., Imperial College Press in London.

Misawa, M. (2008). Book written by Misawa: Cases on International Business and Finance in Japanese Corporations (ISBN 978-962-209-891-6 ed., pp. 1-74). Hong Kong University Press. 

Misawa, M. (2006). Book written by Misawa: Current Business and Legal Issues in Japan’s Banking and Finance Industry (ISBN: 981-256-859-X ed., pp. 1-454). World Scientific Publishing Co. Pte. Ltd, Imperial College Press in London. 

Book Chapters

Misawa, M. (2005). Revitalization of Japanese Banks: Japan’s Big Bang Reform (ISBN 3-540-22682-6 ed., vol. 2nd Edition, pp. 801-820). Otto Beisheim Graduate School of Management, WHU, Springer

Referred Journal Articles

Misawa, M. (2014). A Review of Abenomics: The Bold Plan to End Deflationary Recession in Japan. The World Financial Review: Jan Feb, 2014 (http://www.worldfinancialreview.com/?p=4063), 68-78.

Misawa, M. (2013). New Pricing Strategy under Deflation, Case Study of a Japanese Company. Global Business and Finance Review, 2013, 01-11. 

Misawa, M. (2009). An Overview of Problems Concerning Political Donations in Japan. Columbia Journal of Asian Law, Volume 21, Fall, 2008 (No. 2), 162-181. 

Misawa, M. (2006). Case Note, The Long-Term Credit Bank of Japan. Australian Journal of Asian Law, Asian Law Centre, University of Melbourne, Volume 8 (No. 1), 104-119. 

Misawa, M. (2006). A Recent Reform of Japanese Banking Law – Comparison of the US and Japanese Legal Systems for Banking Agencies. The Banking Law Journal, A&S Pratt & Sons, established in 1889, 123(6), 536-552. 

Misawa, M. (2006). A Comparative Study of US and Japanese Bank Directors’ Duty of Disclosure. The Banking Law Journal, Volume 123, January 2006 (Number 1), 39-79. 

Misawa, M. (2005). Shareholders’ Derivative Action and Directors’ Responsibility in Japan. Penn State International Law Review (The Dickinson School of Law), Volume 24, Summer 2005 (No. 1), 1-57. 

Misawa, M. (2005). Laws and Regulations on Problem Loans in Japan? Is Application of International Accounting Standards Possible? Columbia Journal of Asian Law, Volume 18, Fall 2004 (No. 1), 1-45. 

Misawa, M. (2005). Bank Directors’ Decisions on Bad Loans: A Comparative Study of U.S. and Japanese Standards of Required Care. The Banking Law Journal, A.S. Pratt & Sons, established in 1889, Volume 122 (Number 5, May 2005), 429-466. 

Misawa, M. (2005). Japanese Issues and Perspective on the Convergence of International Accounting Standards. Journal of International Law and Business of Northwestern University School of Law, Volume 25, No. 3 (Spring 2005 Symposium Issue), 711-745. 

Misawa, M. (2005). Bad Loans of Japanese Banks – Directors’ Civil and Criminal Liabilities–. Temple International and Comparative Law Journal, Volume 18 (No. 2, Fall 2004), 101-127. 

Misawa, M. (2005). Bad Loans: A Comparative Study of U.S. and Japanese Regulations Concerning Loan Loss Reserves. The Banking Law Journal, Volume 121 (Number 10, Nov/Dec 2004), 918-946. 

Misawa, M. (1996). Daiwa Bank Scandal in New York: Its Causes, Significance, and Lessens in the International Society. Vanderbilt Journal of Transnational Law, Vol. 29 (No. 5), 1023-1069. 

Misawa, M. (1992). Loss Compensation in the Japanese Securities Market: Causes, Significance, and Search for a Remedy. Vanderbilt Journal of Transnational Law, Vol. 25 (No. 1), 37-58. 

Misawa, M. (1987). New Japanese-Style Management in a Changing Era. The Columbia Journal of World Business, Vol. XXII (No. 4), 9-17. 

Misawa, M. (1986). Merger and Acquisition Activities in Japan: The Present and the Future. Vanderbilt Journal of Transnational Law, Vol. 19 (No. 4). 

Misawa, M. (1985). Financing Japanese Investments in the United States: Case Studies of a Large and a Medium-Size Firm. Financial Management, The Financial Management Association, Vol. 14 (No. 4), 5-12  -- on the Shidler’s B list. 

Misawa, M. (1985). World-wide Unitary Taxation and its Impact on Japanese Investment in the U.S. Sloan Management Review, MIT, Vol 26 (No. 2), 51-55.                                                                                          -- on the Shidler’s B List

Misawa, M. (1974). Tokyo as an International Capital Market-Its Economics and Legal Aspects. Vanderbilt Journal of Transnational Law, Vol. 8 (No. 1), 1023-1069. 

Misawa, M. (1973). Securities Regulations in Japan. Vanderbilt Journal of Transnational law, Vol. 6. (No. 2). 

Cases

In 2024 Misawa’s 24 Cases below are listed on Harvard Business Publishing Online. Visit Harvard Business Online Under Misawa.

Through Harvard, I sold 2060 copies of my cases in 2007, 1555 copies in 2008, 1895 copies in 2009, 2327 copies in 2010, 1492 copies in 2011, 1798 copies in 2012, 2575 copies in 2013, 2778 copies in 2014, 4295 copies in 2015, 2833 copies in 2016, 4093 copies in 2017, 5158 copies in 2018, 4607 copies in 2019, 4630 copies in 2020, 5214 copies in 2021, 4053 copies in 2022 and 4239 copies in 2023 (total number sold in the past 17 years is 55,236 copies) to worldwide universities and companies. 

Misawa, M. (March 2024). Can The Bank of Japan Continue to Maintain Yield Curve Control with Rising Inflation?(Vol. HKU 1443, 24/787C, p. Main 18p. TN 19p.). Harvard Business School Cases by Harvard Business Publishing.

Misawa, M. (2023). BANK OF JAPAN’S DILENMA--EXTRA EASY MONETARY PLOLICY SHOULD BE ENDED UNDER INFLATION PRESSURE AND EXTRA WEAK YEN? (Vol. HKU 1390, 22/740C, p. Main 18p. TN 9p.) Harvard Business School Cases by Harvard Business Publishing. 

Misawa, M. (2021). Rethinking Saizeriya’s Currency Hedging Strategy (Vol. HKU 1299, 21/700C, p. Main 21p. TN 14p.). Harvard Business School Cases by Harvard Business Publishing. 

Misawa, M. (2020). Negative Interest Rates: The Bank of Japan Experience (Vol. HKU 1235, 20/651C, p. 17 pages (Main Text) and 17 pages (Teaching Notes)). Harvard Business School Cases by Harvard Business Publishing. ---BEST SELLER AT HARVARD

Misawa, M. (2019). Toyota’s New Business Model: Creating a Sustainable Future (Vol, HK1205, 17/595C, p. 12 pages (Main Text) and 17 pages (Teaching Note)). Harvard Business School Cases by Harvard Business Publishing. 

Misawa, M. (2017). Interest-rate Offered by Sumitomo-Mitsui Bank: Was This for Hedging or Speculation? (Vol. HKU1105, 16/586C, p. 15 pages (Main Text) and 13 pages (Teaching Note)). Harvard Business School Cases by Harvard Business Publishing.

Mitsuru Misawa, (2016). “The Toshiba Accounting Scandal: How Corporate Governance Failed”, Harvard Business School Cases by Harvard Publishing, Main 21p, Teaching Notes 11p, HKU1097, vol. 16/579C, (POPULAR) ---BEST SELLER AT HARVARD 

Mitsuru Misawa, (2015). “Sales tax Increase in 2014 Under Abenomics: The Japanese Government’s Dilemma”, Harvard Business School Cases by Harvard Business Publishing, Oct 22015, Main 14p, Teaching Notes 9, HK1073, vol. 15/563C. 

Mitsuru Misawa, (2014). “Saizeriya and the Use of Foreign Currency Coupon Swaps: Was This for Hedging or Speculation?” Harvard Business School Cases by Harvard Business Publishing, Mar 2014, Main 38p, Teaching Notes 15 pages, HK1037, vol. 14/538C. 

Mitsuru Misawa, (2013). “Abenomics of Japan: What Was It? Could This Conquer Japan’s Decade-Long Deflation?”, Harvard Business School Cases by Harvard Business Publishing, Oct 2013, revised Dec 2013, Main 22p, Teaching Notes 11p, HKU1017, vol. 13/534C.

Mitsuru Misawa (2013). “Ina Food Industry (2): Marketing Strategies in a Deflationary Environment”, Harvard Business School Cases by Harvard Business Publishing, Aug 2013, main 13p, Teaching Notes 9p, HKU1011, vol. 13/531C. 

Mitsuru Misawa, (2012). “Tokyo Disneyland (3): New Pricing Policy Needed For Sluggish Demand”, Harvard Business School Cases by Harvard Business Publishing, Nov 2012, Main 17p, Teaching Notes 8p, HKU986, Ref. 12/454C ed. 

Mitsuru Misawa, (2012). “Licensing Arrangement or Joint Venture (4): An Ex-Post Case Study of Tokyo Disneyland”, Harvard Business School Cases by Harvard Business Publishing, Nov 2012, Main 20p, Teaching Notes 11p, HKU988, Ref. 12/512C ed. 

Mitsuru Misawa, (2009). “Softbank’s New Strategy: The Largest LBO in Japan”, Harvard Business School Cases by Harvard Business Publishing, Jan 2009, Main 22p, Teaching Notes 8p, HKU793, Ref. 06/302C ed.

Mitsuru Misawa, (2008). “World Co. Ltd, Japan: Why Go Private?”, Harvard Business School Cases by Harvard Business Publishing, Jan 2008, Main 19p, Teaching Notes 7, HKU699, Ref. 07/362C ed. 

Mitsuru Misawa, “Hostile Takeover Battle in Japan: Fuji vs. Livedoor for NBS”, Harvard Business School Cases by Harvard Business Publishing, May 2006, Main 30p, Teaching Notes 9p, HKU577, Ref. 06/287C ed.

Mitsuru Misawa, “Ina Food Industry: A New Management Philosophy for Japanese Business”, Harvard Business School Cases by Harvard Business Publishing, Nov 2006, Main 13p, Teaching Notes 16p. HKU607, 06/307C ed. 

Mitsuru Misawa, “Livedoor: The Rise and Fall of a Market Maverick”, Harvard Business School Cases by Harvard Business Publishing, Jun 2006, Main 13p, Teaching Notes 12p, HKU579, Ref. 06/288C ed.

Mitsuru Misawa, “Nireco Co., Japan: Introduction of the Poison Pill”, Harvard Business School Cases by Harvard Business Publishing, Oct 2006, Main 26p, Teaching Notes 11, HKU593, Ref. 06/294C ed.

Mitsuru Misawa, “OSG Corporation: Risk Hedging Against Transaction Exposures”, Harvard Business School Cases by Harvard Business Publishing, Dec 2006, Main 22p, Teaching Notes 8p, HKU618, Ref. 06/302C ed. 

Mitsuru Misawa, “A Rogue Trader at Daiwa Bank: Management Responsibility Under Different Jurisprudential Systems, Practices and Cultures”, Harvard Business School Cases by Harvard Business Publishing, Nov 2005, Main 15p, Teaching Notes 22p. HKU442, Ref. 05/268C ed.

Mitsuru Misawa, “Rogue Trader at Daiwa Bank (B): The Board Meeting on September 25th 1995 in Japan”, Harvard Business School Cases by Harvard Business Publishing, Nov 2005, Main 4p, Teaching Notes 6p, HKU444, Ref. 05/269C ed.

Mitsuru Misawa, “Tokyo Disneyland and the DisneySea Park: Corporate Governance and Differences in Capital Budgeting Concepts and Methods Between American and Japanese Companies”, Harvard Business School Cases by Harvard Business Publishing, Mar 2006, Main 26p, Teaching Notes 12p, HKU568, Ref. 06/281C ed.

Mitsuru Misawa, “Tokyo Disneyland: Licensing vs. Joint Venture”, Harvard Business School Cases by Harvard Business Publishing, Aug 2005, Main 26p, Teaching Notes 12p, HKU420, Ref. 05/254C ed. 

U.H. Professor Misawa-Honjo International Fellowship

Objectives of the fellowship:

1. To encourage students of the University of Hawaii to study at Japanese universities (Waseda, Keio, Sophia, Oberlin and other appropriate universities); and

2.  To encourage students of Japanese universities to study at the University of Hawaii

Fellowship Amount and Number of Recipients:

A total fellowship amount of $30,000 shall be granted to four to six recipients a year.  The amount awarded per student is $5,000 - $7,500. (Also we consider ¥/$ exchange rate at that time.)

The year of 2023 is the 16th year of this fellowship. $48,000 has been provided to 67 students.

For the past recipients, please see U.H. Professor Misawa-Honjo Int. Fellowship Recipients List 2007-2025.

Recipient students can select any university in Japan. In the past they have studied at Waseda, Keio, Hitotsubashi, Sophia, Oberlin and Ritsumeikan. They transferred the credits they had earned in Japan to UH.

General conditions for selection:

This fellowship must be used for formal study in the visiting country.  It may not be used for travel only. Student grantee must live in the visiting country at least for one regular academic semester (residency required and the summer session is considered as a regular semester).

Specific conditions for selection:

(1) Fellows from UH

1. Graduate and undergraduate students of UH may apply. U.S. citizenship is preferred. Preferential treatment will be given to students at SCB, UH.

2.The student has to go to Japan under the UH International Student Exchange Program.

3. Preferential treatment will be given to those who are able to conduct daily conversations in Japanese.

4. Preference will be given to applicants who have received other financial sources (Research grants and tuition grants.)

5. The applicant must believe in the importance of international exchange of culture and be willing to contribute to that cause. Grantees shall be obligated to attend the meetings of exchange fellows in Tokyo which are held by the foundation.

6. It is preferred that individuals transfer credits obtained at the university in Japan to UH.

7. After the study in Japan, the grantee must return to the United States (A temporary stay in Japan in order to intern or earn a higher degree will not be questioned.)

8. The grantee shall be obligated to submit a study result to the foundation (cc. Professor Misawa) when the school term is over.  The study outline must be attached to the application.  Students are recommended to take F321, F490c, Fin 637 or Fin 639 taught by Professor Misawa.

9. Students who are interested should contact Professor Misawa for details (misawa@hawaii.edu).

(2) Fellows from Japan to UH

1. The applicant must be a student of Japanese university which maintains International Student Exchange Program with UH.

2. The applicant must have English proficiency with a TOEFL score of 500 or higher.

3.The applicant may receive any other scholarships, research grants and tuition grants.

4. The applicant must believe in the importance of international exchange of culture and be willing to contribute to that cause.

5. It is preferable for the individual to attempt to transfer the credits obtained at UH to the university in Japan.

6. Residency requirement in Hawaii is one semester or one summer session. After the study abroad, the grantee must return to Japan. (A temporary stay in U.S. due to an internship or studies toward obtaining a higher degree will not be questioned.)

7. The grantee shall be obligated to submit a study result (cc. Professor Misawa) to the foundation when the term is over.

8. Students are recommended to take F321, F490c, Fin 637 or Fin 639 taught by Professor Misawa.

Necessary Materials:

The following materials must be submitted to Professor Misawa by the deadline (the end of October, every year) in order for your application to be considered:

1. Application form (with your picture)

2. Two letters of recommendation from two different UH professors

3. Official UH transcript (may be a copy)

4. Acceptance letter from a university in Japan (In the case that the acceptance letter will not come in time to meet the deadline, written evidence must be provided by International Exchange Program Coordinator, showing that the student has applied to a university in Japan and will most likely be accepted. In this case, the acceptance letter must be later supplied as soon as it becomes available.)

5. Your CV and photo. 

6. Your letter on: "Why do you want to study in Japan?"

1. Commendation of the Consul General of Japan in Honolulu, The Japanese Government. (April 12, 2016).
2. Ambassador of Ina City, Ina City, Nagano prefecture, Japan. (July 25, 2007).
3. 13th Japan-Texas Economic Conference Member of Japan Delegation & Co-Chair, Japan-Texas Economic Conference. (September 1986).
4. Academic Advisor, Asian Case Research Center, The University of Hong Kong. (January 1, 2007--).
5. Appointed Member of Business Society Advisory Board, University of Michigan Club of New York. (April 1994).
6. U.S. Counselor, Keidanren's "Council for Better Corporate Citizenship". (1989).
7. Sixth Japan-Louisiana Economic Conference Member of Japan Delegation, Japan-Louisiana Economic Conference. (September 1986).
8. Arkansas Traveler, State of Arkansas. (October 1985).
9. Colonel of the State of Kentucky, State of Kentucky. (October 1984).