US-Japan Conference on the Solutions for the Japanese Economy

 

Center on Japanese Economy and Business, Columbia Business School

and
Research Center for Advanced Science and Technology, The University of Tokyo

 

Now, all the papers are updated to the final version as of August 31, 2004. 

 

June 19, 2004, Saturday

 

 

Introduction by Takatoshi Ito, University of Tokyo and Hugh Patrick, Columbia University

(Last update: November 6, 2004)

 

9:15 – 10:15                Happy News from the Dismal Science: Reassessing Japanese fiscal sustainability

                                    Christian Broda, Federal Reserve Board of New York

                                    David Weinstein, Columbia University

 

10:15 – 10:30              Coffee Break

 

10:30 – 11:30              Monetary Policy in Japan: Problems and solutions

                                    Takatoshi Ito, University of Tokyo

                                    Frederic Mishkin, Columbia University

11:30 – 12:30  p.m.     Lost Decade in Translation: Has U.S. learned from Japan's post bubble mistakes?

                                    James Harrigan, Federal Reserve Board of New York

                                    Kenneth Kuttner, Oberlin College

 

12:30 – 13:30              Lunch

 

13:30 – 14:30              Solutions to Japan's Banking Problems: What might work and what definitely will fail

                                    Takeo Hoshi,University of California San Diego
                                    Anil Kashyap, University of Chicago
                                    Link to the related article in Financial Times by Anil Kashyap

 

14:30 – 15:30              Government Financial Institutions: What and how to reform
                                    Takero Doi, Keio University

 

15:30 – 16:00              Coffee Break

 

16:00 – 17:00              Fixing Japanese Life-Insurance Companies
                                    Mitsuhiro Fukao, Keio University

June 20, 2004, Sunday

 

9:30 – 10:30    a.m.     Corporate Investment and Restructuring
                                    Tokuo Iwaisako, Hitotsubashi University

10:30 – 11:00              Coffee Break

 

11:00 – 12:00              Changing Capital Markets: The Big-bang and remaining issues
                                    Mariko Fujii, University of Tokyo

 

12:00 – 13:00  p.m.     Lunch

 

13:00 – 14:00              Issues Facing the Japanese Labor Market

                                    Yoshio Higuchi, Keio University

                                    Masanori Hashimoto, Ohio State University

 

14:00 – 15:00              Free Trade Agreements: A catalyst for Japan's economic revitalaization

                                    Shujiro Urata, Waseda University

 

15:00 – 15:30              Coffee Break

 

15:30 – 17:00              Summary and Discussion: Solution for Japanese Economy

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Other participants

Lee Branstetter, Columbia University
Hiroyuki Chuma, Hitotsubashi University
Gerald Curtis, Columbia University
Gregory Hess, Claremont McKenna College
Kazumasa Iwata, Bank of Japan
Richard Jerram, ING Barings Securities Japan Ltd.
Toshiki Jinushi, Kobe University
Keimei Kaizuka,
Ryuzo Miyao, Kobe University
Peter Morgan, HSBC Securities Japan Ltd.
Kazuo Ogawa, Osaka University
Masaya Sakuragawa, Keio University
Paul Sheard, Lehman Brothers Japan Inc.
Tsutomu Watanabe, Hitotsubashi University
Naoyuki Yoshino, Keio University

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