The Global Financial Crisis: Lessons from Japan
Date: Saturday, December 1, 2012 - Wednesday, December 5, 2012
Gakushi-Kaikan, 3-28 Kanda-Nishiki-Cho, Chiyoda-Ku, Tokyo, 101-8459
Join GIC in Tokyo, Japan for the last event in our 2012 Abroad Series!
Event Detail
The Global Financial Crisis: Lessons from Japan
This conference will look at the global financial crisis from the Japanese perspective. Topics to be discussed will include how to cope with the current financial crisis, how to manage the government debt hang-over, and a discussion the Japanese economic model.
Saturday, December 1st: Arrival in Tokyo
Overnight at Marunouchi Hotel
Sunday, December 2nd: Tour and Welcome Dinner
Guided City Tour
GIC Welcome Dinner at Daigomi
Overnight at the Marunouchi Hotel
Monday, December 3rd: Full Day Conference
Venue: Gakushi-Kaikan (Alumni Hall for the Former Imperial Universities)
Room 202
Conference Agenda
8″30 AM – 9:00 AM Registration and Coffee
9:00 AM – 9:10 AM Welcoming Remarks
- Michael Drury, Chief Economist, McVean Trading & Investments and Deputy Program Chair, GIC
- Kozo Koide, Chief Economist, DIAM Co., Ltd.
9:10 AM – 11:00 AM Session I: Monetary Policy: “How to Cope with the Current Financial Crisis”
- Kiyohiko Nishimura, Deputy Governor, Bank of Japan
- Christian Noyer, Governor, Banque de France
- Mark Sniderman, EVP & Chief Policy Officer Federal Reserve Bank of Cleveland
- Moderator: Paul McCulley, Chair, GIC Global Society of Fellows
11:10 AM – 1:00 PM Session II: Financial Policy: “How to Manage the Government Debt Hang-Over”
- Japan: Takehiko Nakao, Vice Minister for International Affairs, Ministry of Finance
- United States: John Silvia, Managing Director and Chief Economist, Wells Fargo Securities, LLC
- European Union: Manuel Balmaseda, Chief Economist, CEMEX
- Moderator: Michael Drury, Chief Economist, McVean Trading & Investments and Deputy Program Chair, GIC
1:00 PM – 2:00 PM Lunch
2:00 PM – 3:00 PM Session Ⅲ: Financial Crisis & Asia
- Masahiro Kawai, Dean & Chief Executive Officer, Asia Development Bank Institute on “Crises and Asian Finance”
- Daranee Saeju , Division Chief, Financial Markets Department, Bank of Thailand
3:00PM – 4:55PM Session IV: “Lessons from Japan’s Lost Decades”
- Kozo Koide, Chief Economist, DIAM Co., on “Birds-eye View on Japan’s past 20 years”
- Yoichi Takita, Member of Editorial Committee, Nihon-Keizai-Shimbun on “Political Economy about Macro Economic Policy”
- Waichi Sekiguchi, Editorial Writer, Nikkei, Inc. on “Electronics and Telecom”
- Goro Kumagai, Senior Researcher, Mizuho Security on “Banking System”
- Tadao Yanase, Deputy Director-General, Ministry of Economy, Trade, and Industry on “Japanese Economic Growth Strategy”
4:55 PM Conclusion
- Michael Drury, Chief Economist, McVean Trading & Investments and Deputy Program Chair, GIC
5 PM – 6PM Optional Visit to General Douglas MacArthur’s Office
Address: Dai-ichi Mutual Life, DN Tower 21, 1-13-1, Yuraku-cho. Chiyoda-ku, Tokyo, 110-8411
6:30PM Group Dinner hosted by DIAM
Venue: Room 203 at Gakushi-Kaikan
Overnight: Marunouchi Hotel
Tuesday, December 4th Private Roundtable Meeting and Lunch
Roundtable Agenda
8:30AM – 9:00AM Registration and Coffee
9:00AM – 9:10AM Welcoming Remarks
- Kozo Koide, Chief Economist, DIAM Co., Ltd.
- Michael Drury, Chief Economist, McVean Trading & Investments and Deputy Program Chair, GIC
9:10AM – 11:00AM: Economic Forecast Panel
- US: John Silvia, Managing Director and Chief Economist, Wells Fargo Securities, LLC
- EU: Manuel Balmaseda, Chief Economist, CEMEX
- China: Michael Drury, Chief Economist, McVean Trading & Investments and Deputy Program Chair, GIC
- Japan: Kozo Koide, Chief Economist, DIAM Co., Ltd.
- Moderated by Michael Drury, Chief Economist, McVean Trading & Investments and Deputy Program Chair, GIC
11:10AM – 1:00PM: Investment Panel
- Bond: Paul McCulley, Chair, GIC Global Society of Fellows
- Equity: Lim Lucier, Managing Director, Capital Alpha Partners
- Commodities/Moderator: Michael Drury, Chief Economist, McVean Trading & Investments and Deputy Program Chair, GIC
1:00PM – 3:00PM Lunch
Overnight: Marunouchi Hotel
Additional costs will include train fare, tours and dinners – prices to be announced.
Event Location
Additional Event Location
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Speakers
Kiyohiko G. Nishimura, Ph.D.
Deputy Governor, Bank of JapanKiyohiko G. Nishimura took office as deputy governor of the Bank of Japan on March 20, 2008. He received his B.A. and M.A. from the University of Tokyo, and Ph. D. from Yale University. He was an Arthur M. Okun Research fellow at the Brookings Institution in Washington, D.C., before joining the faculty of economics […]
Christian Noyer
Former Governor, Banque de FranceChristian Noyer was born in 1950 near Paris. After obtaining a Bachelor of Laws (LL.B.), he received a Master’s Degree in Public Administration from the Paris Institute of Political Studies (“Sciences Po”). He then joined the Ecole Nationale d’Administration (ENA), of which he is a graduate.
Mark Sniderman, Ph.D.
Executive Vice President and Chief Policy Officer, Federal Reserve Bank of ClevelandMark Sniderman is executive vice president and chief policy officer at the Federal Reserve Bank of Cleveland. He is responsible for guiding the bank’s economic research and community development efforts. Dr. Sniderman joined the bank’s research department as an economist in 1976. He was appointed assistant vice president in 1983, vice president and associate director […]
Kozo Koide
Asset Management One Co. LtdKozo Koide is the Chief Economist at Asset Management One Co. Ltd., which is the largest Japanese asset management company with about 52 trillion yen (approximately 505 billion US$) assets under its management in October 2016.
Manuel Balmaseda
Chief Economist, CEMEXManuel Balmaseda is the Chief Economist at CEMEX, a leading global building materials corporation. Previously he served as Chief Economist for Spain and Europe at BBVA, Chief Economist for Capital Markets at BBV, professor of economics at CEMFI and visiting researcher at the Federal Reserve Bank in Minneapolis.
Goro Kumagai
Senior Fellow, Strategic Research Department, Mizuho Securities and Visiting Professor, Graduate School of Management, Kyoto UniversityGoro Kumagai conducts research on the developments of global capital markets to report Mizuho Securities' management. His current research interests include the reform of global financial and capital market regulations such as Basel III as well as the development of global accounting standards. He teaches the course on the reform of global financial and capital markets as a Visiting Professor at Kyoto University Graduate School of Management.
Masahiro Kawai, Ph.D.
Dean and CEO of the Asian Development Bank InstituteMasahiro Kawai is Dean and CEO of the Asian Development Bank (ADB) Institute. He joined ADBI in January 2007 after serving as Special Advisor to the ADB President in charge of regional economic cooperation and integration. He began his professional career as a research fellow at the Brookings Institution (1977), and then he taught as an associate professor in economics at The Johns Hopkins University(until 1986) and as a full professor of economics at the University of Tokyo(until 2008).
Paul McCulley
Senior Fellow, Financial Macroeconomics, Cornell Law School's Jack G. Clarke Program on the Law and Regulation of Financial Institutions and MarketsPaul McCulley is Senior Fellow in Financial Macroeconomics for Cornell Law School’s Jack G. Clarke Program on the Law and Regulation of Financial Institutions and Markets. Prior, he was the Chief Economist and Managing Director at PIMCO where he served as a member of the Investment Committee in Newport Beach, and authoring the publication, Macro Perspectives.
Satoru Mizuguchi
Consultant, Public Relations Division, Hakuhodo, Inc.Mr. Mizuguchi is a pioneer of environmental public relations, whose themes include climate change, chemical issues and sustainable urban development. Majoring in International Relations at Waseda University Law School, Mr. Mizuguchi joined Hakuhodo in 1981. Hakuhoda is Japan's oldest advertising agency and Asia's only communication partner of UNEP. Since then, Mr. Mizuguchi has pioneered environmental public relations, including the "World Conservation Strategy" (WWF, UNEP, etc.), the "National Campaign to Reduce CO2", (Government of Japan), the "IPCC 4th Assessment Report", the "YouthXChange for Sustainable Consumption" (United Nations) and the Deliberative Polling for Energy Choice (Government of Japan).
Takehiko Nakao
Mr. Nakao is currently serving as vice minister of finance for international affairs, Ministry of Finance, Japan. In 1978, Mr. Nakao joined the Ministry of Finance of Japan, and since then, has spent most of his career there. During his early years at the Ministry, he worked in various bureaus such as tax, security, and […]
Daranee Saeju, Ph.D.
Head of the Market Operations and Strategies Division, Bank of ThailandDaranee Saeju is currently head of the market operations and strategies division at the Bank of Thailand. Ms. Saeju has over 13 years of experience as a central banker working both as an economist on the policy front and a practitioner on the implementation front. She has worked extensively on monetary policy implementation and operations, […]
Waichi Sekiguchi
Editorial Writer, Nikkei, Inc.Waichi Sekiguchi is an editorial writer and columnist of Nikkei Newspaper, the largest economic daily in Asia. He is also a newscaster of BS Japan "NIKKEI x BS Live 7PM" program. He joined Nikkei in 1982 and has been covering the ICT and electronics industries over 20 years. He was a Washington Correspondent during the Bush and Clinton Administrations in the early 90s covering the US trade and government issues. Prior to that Sekiguchi was a Fulbright fellow at The Center for International Affairs of Harvard University and a chief writer for The Nikkei Weekly, the English edition of the Nikkei newspaper.
Yoichi Takita
Senior Staff Writer of NikkeiBusiness Career: 1981 Joined Nihon Keizai Shimbun, Inc. 1985 Staff Writer, covering financial markets 1987~90 Zurich Bureau Chief 1990 Staff Writer, covering financial markets 1995 Senior Staff Writer, Economic News Department 2007 Deputy Chief Editorial Writer for Nikkei 2008~09 Senior Staff Writer for Nikkei America 2009~11 Back to Tokyo, Deputy Chief Editorial Writer for Nikkei 2011 Senior Staff Writer, writing columns for Nikkei
Tadao Yanase
Deputy Director-General, Ministry of Economy, Trade and IndustryMr. Yanase currently serves as the Deputy Director of General METI (Ministry of Economy, Trade, and Industry). Mr. Tadao Yanase holds a Bachelor's degree in Law from Tokyo University and a Master's degree from Yale University in Economics. Before becoming Deputy Director, Mr. Yanase held several positions. From 2004-2007, he was the Director of Nuclear Energy Policy Division. In 2007, he became the Director of Corporate Tax Policy Division. He left that position in 2008 to serve as the executive secretary to Prime Minister Taro Aso, a position he held until 2009. From there he acted as the Director of the Industrial Revitalization Process. In 2010, Mr. Yanase became the Director of the Minister's Secretariat. He assumed his current position with the Ministry of Economy, Trade, and Industry in 2011.
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