TADAYOSHI TERAO is Researcher in the Environment and Resources Studies Group at the Institute of Developing Economies (IDE-JETRO), Japan. He studied Agricultural Chemistry and Economics at the University of Tokyo, and Development Economics and Resource Economics at Stanford University. In his current position he conducts studies on industrial pollution control and environmental policy in Japan, Taiwan and South Asia. KENJI OTUKA is Researcher in the Environment and Resources Studies Group at the Institute of Developing Economies (IDE-JETRO), Japan. In his current position he has conduct