Kenji Tsuji

Rank Professor
Degree M.A. in Economics from Osaka University
Personal website N/A
Phone +81 6 6605 2284
E-mail tsujiken at (please replace “at” with “@”)


  • 1988 M.A. : Osaka University (Economics)


  • 1992 : Lecturer, Faculty of Economics, Kansai University
  • 1995 : Associate Professor, Faculty of Economics, Osaka City University
  • 2006- : Professor, Graduate School of Economics, Osaka City University

Class Taught

Monetary Economics

About Me

My current research interest is soft budget constraint problems. Recently, I have been interested in using financial contract theory as a way to analyze this problem.

Message to Students

What do you think caused soft budget constraints in the post-bubble period of Japan?

Research Field

Monetary Economics

Research Keywords

Soft Budget Constraints

Affiliated Academic Organizations

Japanese Economic Association

Selected Publications:

  1. “The Continuity of the Transaction Relationship between a Bank and a Borrower”, The Japanese Economic Review, Vol.49 (4), 462-468, December 1998.
  2. “Bank Capital Regulation, Diversification Loss and the Probability of Bank Failure”, Japan and the World Economy, Vol.11 (4), 485-495, December 1999.
  3. “The Soft Budget Constraint, The Debt Overhang and The Optimal Degree of Credit Centralization”, Japan and the World Economy, Vol.19 (2), 187-197, March 2007.
  4. “Bank Capital Regulation and Soft Budget Constrainst”, International Advances in Economic Research, Vol. 21 (1), 33-40, March 2015.