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American and European Andean Community Asset Price Bank of Japan Cheng and Wall Core Inflation countries decrease in Japanese Discussion Paper Series effect on trade effects of RTBs effects on member Expected Shortfall gravity model Hiroshi Fujiki IMES Discussion Paper imports and exports imports from Japan Inflation Institute for Monetary integration dummies intra-bloc trade Japan's Experience Japan's total trade Japanese Banks Japanese exports Japanese firms Kunio Okina Liquidity Trap Market Market Liquidity Market Microstructure member imports member of bloc Mercosur Monetary and Economic Monetary Policy NAFTA Naohiko Baba North American bloc percent decrease percent higher percent lower percent of Japan's Policy Under Zero real imports regional integration rest Risk RTBs from Japan's RTBs on trade share of Japanese Shigenori Shiratsuka six RTBs tariffs Toshinao Yoshiba total effect trade between members trade creation trade with Japan trading blocs trading partners trend toward regional Vinerian trade diversion Yasuhiro Yamai