Analysis and insights from our experts
When China first proposed creating the Asian Infrastructure Investment Bank (AIIB) in 2013, it generated considerable anxiety in Washington and many other capitals. Many pundits and policymakers view the AIIB as a bid to undermine or replace the international architecture designed by the United States and its allies since the end of World War II. Although several U.S. allies, including Australia, Germany, and the United Kingdom, have declared their intention to join the AIIB, others, including Japan, have expressed ambivalence.
Japan must transform its economy in a way that mirrors the innovation ethos in places like Silicon Valley and Stanford University, Japanese Prime Minister Shinzo Abe said Thursday during a speech on campus.
As an example of how to encourage such creativity, Abe hailed a new partnership starting this fall with Stanford that will train the next generation of biomedical experts. In doing so, he urged a "fundamental change" in how Japanese society views the process of innovation, from how ideas originate to competition in the marketplace.
In conversation with Shorenstein APARC, Takeo Hoshi, Stanford professor and director of the Japan Program, discusses his intial draw to studying the Japanese economy, and its intersections with finance and public policy. Hoshi highlights some of his recent research and the Japan Program's upcoming activities, including a new student course focused on innovation-based economic growth in Silicon Valley and Japan.
The Walter H. Shorenstein Asia-Pacific Research Center honored Wall Street Journal reporter Jacob Schlesinger with the Shorenstein Journalism Award last Monday. Schlesinger received the award, which includes a $10,000 cash prize, for his work on Japan that spans nearly three decades.
Innovation is a vital component of economic development, and the United States and Japan provide clear examples of how a knowledge-based economy can lead to sustainable growth. But Japan has sometimes encountered obstacles in bringing its wealth of ideas into the global market. A conference at Stanford seeks to help shift that reality.
“Japan is changing,” said panelist Gen Isayama, founder of the World Innovation Lab. “We’re seeing entrepreneurs…but we need a new role model – new stars emerging in Japan to excite younger people.”
Tokyo-based reporter Jacob Schlesinger will receive award for his journalistic work and achievements spanning three decades
Stanford University’s Walter H. Shorenstein Asia-Pacific Research Center (APARC) is pleased to announce Wall Street Journal reporter Jacob Schlesinger as the 2014 recipient of the Shorenstein Journalism Award.
Prime Minister Shinzo Abe dissolved Japan’s lower house of parliament in November, and held an early election on December 14. The vote kept the status quo – the ruling Liberal Democratic Party retained its majority in the Diet, winning two-thirds of the seats.
Though some signs point to Japan falling into recession, Stanford economist Takeo Hoshi disagrees and says it is premature to judge the effectiveness of Japan's new approach to its economy. Not enough time has passed for the reforms to produce results.
Despite a recent slowdown, time will tell if Japan has charted the right economic course after more than 15 years of deflation, says a Stanford economist.
In March 2011, an earthquake and tsunami hit the eastern coast of Japan and caused one of the worst nuclear meltdowns ever seen. In the lead-up to that week, U.S. officials there were bracing themselves for a media firestorm following a controversial Wikileaks release, Japan’s new foreign minister was ushered into office, and an apology statement was delivered on behalf of the United States in Okinawa, explained the top U.S.
Recently, North Korea suddenly released the two remaining Americans it was holding – Kennth Bae and Matthew Todd Miller. The news made headlines internationally, and the drama of it was heightened because the United States’ top spy flew into Pyongyang and secured their release. Not surprisingly, the event raised many questions and is prompting a great deal speculation. Why did North Korea release the Americans? Why choose the U.S. Director of National Intelligence James R. Clapper to receive the handover?
The Walter H. Shorenstein Asia-Pacific Research Center at Stanford University is pleased to announce its search for two 2015–16 Shorenstein Postdoctoral Fellows in Contemporary Asia. The award will be given to two junior scholars, who have completed their Ph.D. (with degree conferral and approval by August 31, 2015).
Japan is often cited for failing to capitalize on its innovative technologies and design aesthetics in global markets, but the advent of cloud computing provides new opportunities, says Kenji Kushida, the research associate for the Japan Program at the Walter H. Shorenstein Asia-Pacific Research Center (APARC), in a new coauthored op-ed.
On Sept. 3, Japanese Prime Minister Shinzo Abe reshuffled his cabinet, bringing more than double the number of female ministers on board, in line with his pledge to revive the economy based in part on increased participation of women in business and politics.
Traditionally, Japan has provided tax and pension incentives for women to stay at home or work part-time; however, Mr. Abe seeks to change this and has laid out a plan in the “third arrow” of his administration’s economic policy.
The Japan Studies Program co-hosted a delegation of government officials from six Japanese prefectures and business leaders from California in late July. The event was part of a two-day conference and initiative, led by the U.S.-Japan Council, to promote bilateral economic collaboration between the two countries.
A summary of the event can be found on the U.S.-Japan Council website.