Science and Technology
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Under what we call Abenergynomics, Japanese Prime Minister Abe Shinzō has used energy policy to support the growth objectives of Abenomics, even when the associated policies are publicly unpopular, opposed by utility companies, or harmful to the environment. We show how Abenergynomics has shaped Japanese policy on nuclear power, electricity deregulation, renewable energy, and climate change.

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Journal Articles
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Journal Publisher
Asian Survey
Authors
Phillip Lipscy
Number
4
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Given that much of the global leadership in value creation over the past couple of decades has been driven by the Silicon Valley model – not only a geographic region but a distinct ecosystem of complementary characteristics – the basic question this paper asks is how far Japan’s Abenomics reforms are pushing Japan towards being able to compete in an era dominated by Silicon Valley firms. 

To answer this, the first section of this paper looks at content of the third arrow of Abenomics. The second section then distills the Silicon Valley ecosystem into its key characteristics, sorts each of these characteristics according to the underlying institutions to put forth a model, and briefly evaluates whether third arrow reforms move Japan closer to a Silicon Valley model of entrepreneurship and innovation.

 

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Working Papers
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Kenji E. Kushida
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Artificial Intelligence (AI) is rapidly becoming one of the underlying drivers of the next wave of industrial transformations. There is every reason to believe that we are on the cusp of a sea change in how human activities and decision-making are transformed by abundant computing power. This research note will provide the basis for understanding the conceptual building blocks and paradigmatic examples of how the development of AI is accelerating, and how its deployment will be transformative. 

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Kenji E. Kushida
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Large Japanese firms have a long history of having offices in Silicon Valley, mostly starting in the 1980s and 1990s in the heyday of semiconductors, early computing, software, and communications industries. In the past couple decades, as the Silicon Valley ecosystem produced firms that become global giants with new technologies and disruptive business models, the question has become how to most effectively “harness” the Silicon Valley ecosystem. There is currently a surge of large Japanese companies into Silicon Valley, the latest of several surges and retreats. This time around, most firms are aiming to identify new opportunities to collaborate with the startup ecosystem in order to understand future technological and industry trajectories, to facilitate new forms of “open” innovation within the company, and in some cases to even redefine how to add value to their core offerings. However, given a vast differently economic context from their core operations in Japan, many of the large Japanese firms’ initial forays tend to fall into patterns of “worst practices” that are ineffective. Yet, a small but growing number of innovative Japanese companies are producing novel and valuable collaborations with a variety of Silicon Valley firms, investors, and ecosystem players. This talk will introduce the strategies, structures, and activities of Komatsu, Honda, Yamaha, and several other Japanese companies that are undertaking new forms of collaboration with Silicon Valley companies. The talk will survey a range of strategic options available to Japanese companies, with implications for how to better adapt companies from Japan to Silicon Valley, and more broadly from different political economic systems.

SPEAKER:

Kenji Kushida, Research Scholar, Shorenstein APARC Japan Program and Stanford Silicon Valley-New Japan Project Leader

BIO:

Kenji E. Kushida is the Japan Program Research Scholar at the Shorenstein Asia-Pacific Research Center at Stanford University (APARC), Project Leader of the Stanford Silicon Valley – New Japan Project (Stanford SV-NJ), research affiliate of the Berkeley Roundtable on the International Economy (BRIE), International Research Fellow at the Canon Institute for Global Studies (CIGS), and Visiting Researcher at National Institute for Research Advancement (NIRA). He holds a PhD in political science from the University of California, Berkeley, an MA in East Asian studies and BAs in economics and East Asian studies, all from Stanford University.

Kushida’s research streams include 1) Information Technology innovation, 2) Silicon Valley’s economic ecosystem, 3) Japan’s political economic transformation since the 1990s, and 4) the Fukushima nuclear disaster. He has published several books and numerous articles in each of these streams, including “The Politics of Commoditization in Global ICT Industries,” “Japan’s Startups Ecosystem,” “Cloud Computing: From Scarcity to Abundance,” and others. His latest business book in Japanese is “The Algorithmic Revolution’s Disruption: a Silicon Valley Vantage on IoT, Fintech, Cloud, and AI” (Asahi Shimbun Shuppan 2016).

He has appeared in media including The New York Times, Washington Post, Nihon Keizai Shimbun, Nikkei Business, NHK, PBS NewsHour, and NPR.

He is also a trustee of the Japan ICU Foundation, a fellow of the US-Japan Leadership Program, an alumni of the Trilateral Commission David Rockefeller Fellows, and a member of the Mansfield Foundation Network for the Future.

AGENDA:

4:15pm: Doors open
4:30pm-5:30pm: Talk and Discussion
5:30pm-6:00pm: Networking

RSVP REQUIRED:

Register to attend at http://www.stanford-svnj.org/92719-public-forum

For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/

PARKING ON CAMPUS:

Please note there is significant construction taking place on campus, which is greatly affecting parking availability and traffic patterns at the university. Please plan accordingly.

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Former Research Scholar, Japan Program
kenji_kushida_2.jpg MA, PhD
Kenji E. Kushida was a research scholar with the Japan Program at the Walter H. Shorenstein Asia-Pacific Research Center from 2014 through January 2022. Prior to that at APARC, he was a Takahashi Research Associate in Japanese Studies (2011-14) and a Shorenstein Postdoctoral Fellow (2010-11).
 
Kushida’s research and projects are focused on the following streams: 1) how politics and regulations shape the development and diffusion of Information Technology such as AI; 2) institutional underpinnings of the Silicon Valley ecosystem, 2) Japan's transforming political economy, 3) Japan's startup ecosystem, 4) the role of foreign multinational firms in Japan, 4) Japan's Fukushima nuclear disaster. He spearheaded the Silicon Valley - New Japan project that brought together large Japanese firms and the Silicon Valley ecosystem.

He has published several books and numerous articles in each of these streams, including “The Politics of Commoditization in Global ICT Industries,” “Japan’s Startup Ecosystem,” "How Politics and Market Dynamics Trapped Innovations in Japan’s Domestic 'Galapagos' Telecommunications Sector," “Cloud Computing: From Scarcity to Abundance,” and others. His latest business book in Japanese is “The Algorithmic Revolution’s Disruption: a Silicon Valley Vantage on IoT, Fintech, Cloud, and AI” (Asahi Shimbun Shuppan 2016).

Kushida has appeared in media including The New York Times, Washington Post, Nihon Keizai Shimbun, Nikkei Business, Diamond Harvard Business Review, NHK, PBS NewsHour, and NPR. He is also a trustee of the Japan ICU Foundation, alumni of the Trilateral Commission David Rockefeller Fellows, and a member of the Mansfield Foundation Network for the Future. Kushida has written two general audience books in Japanese, entitled Biculturalism and the Japanese: Beyond English Linguistic Capabilities (Chuko Shinsho, 2006) and International Schools, an Introduction (Fusosha, 2008).

Kushida holds a PhD in political science from the University of California, Berkeley. He received his MA in East Asian Studies and BAs in economics and East Asian Studies with Honors, all from Stanford University.
Kenji Kushida Research Scholar Shorenstein APARC Japan Program
Seminars
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As the Tokyo-based co-founder and managing partner of global VC fund Fresco Capital, Allison Baum is frequently asked “Why are you in Japan?”  Indeed, with a global network of corporate partners, investors, and portfolio companies, many of them are curious to know why Fresco sees long term potential in the Japanese market. Though Japan is an advanced and well developed economy, the country is struggling with the need to innovate in the face of critical challenges such as a deflationary economy, a rapidly aging population, and an impending automation of the workforce. Fresco’s view is that this environment presents an extremely promising market opportunity for companies addressing challenges in healthcare, education and workplaces of the future. Join us as Allison shares her experience on the challenges and opportunities of expanding to Japan, bridging the cultural divide between Japan and the rest of the world, and discovering firsthand what it takes to successfully build long term partnerships in Japan.

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SPEAKER

Allison Baum, Co-founder and Managing Partner, Fresco Capital

BIO

Allison Baum is a co-founder and managing partner of Fresco Capital, a global, early stage venture capital fund investing in technology companies transforming education, healthcare, and the future of work at scale.  Prior to Fresco, Allison was an early member of the team at General Assembly, a global network for education and career transformation specialising in today’s most in-demand skills, where she developed and launched the company’s first part-time and full-time programs for technology, business, and design in New York.  In 2012, she relocated to Hong Kong to launch their first business in Asia.  Previously, she was a member of the Equity Derivatives team and Cross Asset Sales teams at Goldman Sachs in New York City.  

Allison graduated cum laude from Harvard College with a BA in Economics and a Minor in Film Studies.  She is also a member of the World Economic Forum Global Shapers community, a mentor for emerging women entrepreneurs in Southeast Asia at Wedu Global, a mentor for global social impact entrepreneurs at Endeavour Capital, and was named by Forbes as one of the 30 Top Emerging VC Managers in Asia.

AGENDA

4:15pm: Doors open 
4:30pm-5:30pm: Main Content, followed by discussion 
5:30pm-6:00pm: Networking

RSVP REQUIRED

To RSVP please go to: http://www.stanford-svnj.org/52118-public-forum/2018

For more information on the Stanford Silicon Valley-New Japan Project, please visit the project website at: http://www.stanford-svnj.org

 

Seminars
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The rise of Nokia as a global ICT leader in the 1990s and early 2000s was dramatic, as a company from the small Nordic country of Finland became a global titan. The lack of Japanese presence in global ICT industries in the 1990s and 2000s was unexpected, as it was a technological and platform leader in its domestic market but without followers in global markets. The advent of the iPhone and Android from Silicon Valley companies in the late 2000s thoroughly disrupted both Nokia and the Japanese companies. What happened? Why did it happen, and what were the lessons learned? Now, with the dominance and concentration of Silicon Valley companies and the rise of China in new areas such as AI and digital services, how do we understand the dynamics of competition unfolding? What general conclusions can we draw about the possibilities and risks of national strategies from  the past experiences?

This panel brings expertise from China, Europe, Japan, and Silicon Valley to discuss these questions. 

This event is brought to you by Shorenstein APARC Japan Program's Stanford Silicon Valley-New Japan Project in collaboration with the Berkeley Roundtable on the International Economy (BRIE)

AGENDA

Moderator and panelistJohn Zysman, Co-founder, Berkeley Roundtable on the International Economy. Author of “The Third Globalization: Can Wealth Countries Stay Rich.”

3:00pm-3:05pm         Introduction & Opening Remarks

3:05pm-3:35pm         The rise and fall of Nokia as a global mobile leader, a management perspective

Presenter: Yves Doz, Solvay Chaired Professor of Technological Innovation, INSEAD. Author of “Ringtone: Exploring the Rise and Fall of Nokia in Mobile Phones” (2018)

3:35pm-4:05pm         How Silicon Valley commoditized the global ICT industry. Japan: leading without followers, then disrupted, a political economy perspective

Presenter: Kenji Kushida, Research Scholar, Stanford University. Author of “The politics of commoditization in global ICT industries: a political economy explanation of the rise of Apple, Google, and industry disruptors” (2015)

4:05pm-4:35pm        AI and Global Dynamic Capabilities: The Implications for China and the United States. 

· The Chinese Case:  Can China avoid the Finnish and Japanese fate?   Will the scale of the Chinese market permit it to develop global standards?   Will the geo-political rivalry change the dynamic of the market rivalries.

· The American case: Will the American platform strengths hold in in the face of Chinese challenges? Will Europe?

PresentersAmy Shuen, Visiting Professor, Hong Kong University (formerly at UC Berkeley, Wharton, CEIBS). Co-author, Dynamic Capabilities and Strategic Management (SMJ, Best Paper Award, 2003) Author, “Web 2.0:  A Strategy Guide” (OReilly, 2008) HKU Talk (2017) https://www.ecom-icom.hku.hk/Contents/Item/Display/1962

John Zysman, Co-founder, Berkeley Roundtable on the International Economy. Author of “The Third Globalization:Can Wealth Countries Stay Rich.”

4:35pm-5:00pm         Open Discussion, Q&A

 

RSVP REQUIRED: http://www.stanford-svnj.org/44-panel-discussion

Panel Discussions
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GROW is an automated solution to evaluate job candidates, developed by Tokyo-based people analytics startup, Institution for a Global Society (IGS). GROW was developed with the idea that the hiring process is often a missed opportunity to collect, utilize and exchange feedback that could change people’s behaviors for the better. The solution has developed into a tool that both helps students to understand their strengths and weaknesses, while at the same time assists HR in hiring based on competencies and personality traits. GROW uses artificial intelligence learning algorithms to analyze assessment data from both candidates and evaluators, looking for patterns to improve its ability to accurately screen candidates over time. In place of human intuition, GROW uses big data to develop a scientific, objective, and constantly-improving engine to recruit, screen, and develop human capital. In his presentation, Founder and CEO of IGS, Masahiro Fukuhara will speak about founding IGS, developing GROW, and the opportunities and challenges that its widespread interest has presented. 

Bio

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Masahiro Fukuhara is founder and CEO of Tokyo-based people analytics startup Institution for a Global Society (IGS), which he started in 2010. Prior to founding IGS, Fukuhara was managing director at asset management firm Barclays Global Investors (BGI) where he made investment decisions based on computer-driven models. Fukuhara earned his Bachelor’s degree in Economics from Keio University and MBA from INSEAD. He holds Master’s degree (with Honors) in International Finance from Grandes Ecoles HEC and Ph.D. from Tsukuba University Graduate School of Business Sciences (Ph.D. in Business Administration). He is currently a Visiting Professor at the center for FinTEK (Finance, Technology, and Economy) at Keio University as well as adjunct professor at Hitotsubashi University’s Graduate School of International Corporate Strategy.

Agenda

4:15pm: Doors open 
4:30pm-5:30pm: Talk and Discussion 
5:30pm-6:00pm: Networking

RSVP Required

 
For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/
 

NOTE: This event takes place during Stanford’s Homecoming Weekend. The parking slots in front of Encina Hall will not be available that day, and there may be higher demand than usual for parking on campus. Please take that into consideration when planning your travel.

Masahiro Fukuhara, Founder and CEO, Institution for a Global Society
Seminars
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The conference is brought to you by the Shorenstein Asia-Pacific Research Center Japan Program's Stanford Silicon Valley-New Japan Project and Mistletoe, Inc.

This event is at full capacity. Please contact Amanda Stoeckicht at amst@stanford.edu if you have any questions.

As we enter the coming age of universal automation, this conference seeks to spark a discussion among thought leaders, technologists, and social entrepreneurs about the replacement of human labor by artificial intelligence and robotics and what that might mean for the future of human welfare and labor opportunities. There is increasing debate regarding the possibility of a new underclass of 'zero economic citizens.' How shall we address these challenges? Does the answer lie in lowering the cost of living? Is it the Universal Basic Income? Or something else? What might be the role of technologies for geographic mobility, sustainability, and community platforms.

Along with keynote presentations and panel discussions, the conference will also feature a startup showcase and participatory world-building exercise.

*The below program is subject to change.

Conference Program

8:30-9:00                  Registration and Breakfast

9:00-9:05                  Welcome

9:05-10:45                Keynote Presentations

Taizo Son (Mistletoe)

Marina Gorbis (Institute for the future)

Sam Altman (Y Combinator)

10:45-11:00              Coffee Break

11:00-12:15                Startup Showcase

Afero

Alesca Life

AstroScale

Binded

Cocoa Motors

Homma

Leomo

ModuleQ

Vivita

Wota

12:15-12:30              Break

12:30-13:00              Mistletoe Fellows Program Announcement

13:00-14:00              Lunch

14:00-15:15              Panel & Debate Sessions: Technology and Social Change in 2045                          

Panel 1: 

Cities of the Future: Removing Barriers to New Ideas with Innovation Districts and Regulatory Sandboxes

Moderator: Ashkan Soltani

Panelists:   Neal Gorenflo (Sheareable)

Taizo Son (Mistletoe)

           Joe Quirk (Seasteading Institute)

           Kaidi Ruusalepp (Funderbeam)           

Panel 2:

The Autonomous Lifestyle: Can Tech-Enabled Mobility Improve Welfare and Opportunity?

Moderator: Kenji Kushida (Stanford University)

Panelists:   Frances Colon (Cenadores Puerto Rico)

Steve Cousins (Savioke)

            Toshi Hoo (IFTF)        

                                 

Panel 3:

Reimagining Social Entrepreneurship: Designing Collaboration and Community

                                       Moderator:     Ernestine Fu (Alsop Louie Partners)

Panelists:    Anh Bui (Benetech)

  Chuck Eesley (Stanford University)   

  Daniel Goldman (Ignition Angels)

             Luan Niu (Enviu)

 

15:15-15:30             Break

15:30-17:30             Zero Economic Citizen in 2045: A World Building Exercise                  

Joshua McVeigh-Schultz (University of Southern California)

Karl Baumann (Univeristy of Southern California)

Elena Marquez Segura (UC Santa Cruz)                         

17:30-17:35             Closing Remarks

17:35-18:35             Cocktail Reception

 

Conferences
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This event is co-sponsored by the Stanford Silicon Valley-New Japan Project and the Japan Society of Northern California.

When the Fukushima Daiichi Nuclear Power Plant experienced a meltdown after the Great East Japan Earthquake in March 2011, people scrambled to get accurate data on radiation. Geiger counters were suddenly a hot commodity. In that moment of crisis, a group of global citizens rose to the occasion to launch Safecast, an open data platform to track, monitor and share data on the radiation levels in Fukushima and throughout Japan. Safecast, a Japan Earthquake Relief Fund grantee, enlisted the help of volunteers who collected the data from all over Japan, and even built its own DIY Geiger counter kit. The Japan Society of Northern California and the Stanford Silicon Valley-New Japan Project are proud to present a program with Pieter Franken, the Co-Founder of Safecast, will look back at Safecast’s evolution—a prime example of citizen science embracing open data and open source—over the last six years and their plans to expand their data gathering efforts to take on new environmental challenges. 

Bio

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Pieter Franken's career spans over 25 years in Financial Services, specializing in O&T, Fintech, innovation and large-scale transformations. He has held C-level and executive positions with industry leaders such as Citigroup, Shinsei Bank, Aplus, Monex Securities and Monex Group. His hallmark is pioneering innovative services by implementing bleeding edge technologies while minimizing time-to-market and dramatically reducing costs. Versed in large scale IT transformation, bi-modal management, innovation, software development, datacenter operations, financial operations and FinTech, he is a much looked after advisor and speaker on a wide range of topics and is known for providing deep insights pulling from is wide experience in IT, financial services and innovation management. 

Pieter currently is Senior Advisor at Monex Group (a leading online securities and financial services company in Japan) where he focuses on the Future of Financial Services, Group IT Strategy, Fintech, and Blockchain. 

He is also a member of Monetary Authority of Singapore (MAS) International Technology Advisory Panel (ITAP) where he contributes in the transformation of Singapore as a leading Fintech Hub. In 2011 Pieter co-founded Safecast.org - a global volunteer initiative to collect citizen sourced environmental data. Pieter also advises startups, such as ModuleQ, an AI startup based in Silicon Valley. Pieter holds a MSc in Computer Science from Delft University (The Netherlands) and currently is a researcher with MIT Media Lab (US) and Keio University (Japan) where he contributes to the advancement in IoT, Digital Currencies, Block-chain technologies and Citizen Science. Pieter is based in Japan and frequently travels across Asia, North America and Europe.

Agenda

4:15pm: Doors open
4:30pm-5:30pm: Talk and Discussion
5:30pm-6:00pm: Networking

RSVP Required

 
For more information about the Silicon Valley-New Japan Project please visit: http://www.stanford-svnj.org/

 

Pieter Franken, Senior Advisor, Monex Group
Seminars
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Martin Kenney is a Distinguished Professor of Community and Regional Development at the University of California, Davis; a Senior Project Director at the Berkeley Roundtable on the International Economy; and Senior Fellow at the Research Institute for the Finnish Economy.  He has been a visiting scholar at the Copenhagen Business School, Cambridge, Hitotsubashi, Kobe, Stanford, Tokyo Universities, and UC San Diego. His scholarly interests are in entrepreneurial high-technology regions, technology transfer, the venture capital industry, and the impacts of online platforms on corporate strategy, industrial structures and labor relations. He co-authored or edited seven books and 150 scholarly articles. His first book Biotechnology: The University-Industrial Complex was published by Yale University Press. His most recent edited books Public Universities and Regional Growth, Understanding Silicon Valley, and Locating Global Advantage were published by Stanford University Press where he edits the book series Innovation and Technological Change in the Global Economy.  His co-edited book Building Innovation Capacity in China was published by Cambridge University Press in 2016 and has been translated into Chinese. He is a receiving editor at the world’s premier innovation research journal, Research Policy and edits a Stanford University book series.  In 2015, he was awarded University of California Office of the President’s Award for Outstanding Faculty Leadership in Presidential Initiatives.  His research has been funded by the NSF, the Kauffman, Sloan, and Matsushita Foundations, among others.  He has given over 500 talks at universities, government agencies, and corporations in Europe, Asia, and North and South America.

Agenda

4:15pm: Doors open
4:30pm-5:30pm: Talk and Discussion
5:30pm-6:00pm: Networking

 

 

Martin Kenney, Professor of Community and Regional Development, University of California, Davis and Senior Project Director, Berkeley Roundtable on the International Economy
Seminars
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