Governance

FSI's research on the origins, character and consequences of government institutions spans continents and academic disciplines. The institute’s senior fellows and their colleagues across Stanford examine the principles of public administration and implementation. Their work focuses on how maternal health care is delivered in rural China, how public action can create wealth and eliminate poverty, and why U.S. immigration reform keeps stalling. 

FSI’s work includes comparative studies of how institutions help resolve policy and societal issues. Scholars aim to clearly define and make sense of the rule of law, examining how it is invoked and applied around the world. 

FSI researchers also investigate government services – trying to understand and measure how they work, whom they serve and how good they are. They assess energy services aimed at helping the poorest people around the world and explore public opinion on torture policies. The Children in Crisis project addresses how child health interventions interact with political reform. Specific research on governance, organizations and security capitalizes on FSI's longstanding interests and looks at how governance and organizational issues affect a nation’s ability to address security and international cooperation.

Walter H. Shorenstein
Asia-Pacific Research Center
Encina Hall, Room C331
616 Serra St.
Stanford, CA 94305-6055

(650) 724-5656 (650) 723-6530
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Shorenstein Postdoctoral Fellow
Daniel_Smith_3x4.jpg PhD

Daniel M. Smith was a postdoctoral fellow at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) during the 2012–13 academic year.

He is an expert on Japanese politics whose research interests include political parties, elections and electoral systems, candidate recruitment and selection, and coalition government. During his time at Shorenstein APARC, he will be completing a book manuscript about the causes and consequences of political dynasties in developed democracies, with a particular focus on Japan.

Smith earned his PhD and MA in political science from the University of California, San Diego, and his BA in political science and Italian from the University of California, Los Angeles. He has conducted research in Japan as a Ministry of Education, Culture, Sports, Science, and Technology research scholar at Chuo University (2006–2007), and as a Fulbright IIE dissertation research fellow at the Institute of Social Science at the University of Tokyo (2010–2011). After completing his fellowship at Shorenstein APARC, he will join the Department of Government at Harvard University as an assistant professor.

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The U.S.-Japan relationship is not much in the headlines these days—and when it is the stories seem to focus on issues, such as Okinawa and beef, that have bedeviled ties seemingly for decades. But, in the midst of seismic shifts in Asia-Pacific security and global economic relations, shouldn’t the two countries be talking about something else?

Many in American industry have thought so and in 2009 the American Chamber of Commerce in Japan released a white paper calling for a new set of discussions with Japan directed at capturing the innovation and growth potential of the emerging global Internet economy. Accompanying the call were a set of over 70 specific recommendations for discussion in areas ranging from privacy, security, intellectual property, spectrum management, cyber security to competition—an agenda for the future not the past.

The paper found resonance with the new Democratic Party government in Japan and the Obama administration that were searching for a new direction and vocabulary for U.S.-Japan economic relations and were mindful that partnership with Japan in this area strengthened the U.S. hand in dealing with preemptive attempts elsewhere to define rule of the road for the Internet and “cloud computing.” 

The Dialogue was formally launched in the fall of 2010 and its third plenary session is taking place in Washington, D.C. October 16 to 19, 2012. Professor Jim Foster is participating in the Dialogue as a leading member of the U.S. private sector delegation to the talks. He will be coming to Stanford immediately following the joint industry-government meeting on October 18 (the governments will continue in closed-door session through the 19th) and will offer his analysis and insight into the discussions in Washington and their implications for future cooperation between Japan and the U.S. industry in the cloud computing field and for the two governments on challenging issues of broader Internet governance.

Jim Foster is currently a professor in the Graduate School of Media and Governance at Keio University, where he teaches and researches on U.S. foreign policy issues and global Internet policy. He is the co-director of Keio’s Internet and Society Institute. Foster worked as a U.S. diplomat from 1981 to 2006, serving in Japan, Korea, the Philippines and at the U.S. Mission to the EU. He was director for corporate affairs at Microsoft Japan from 2006 to 2011. He is a former vice president of the American Chamber of Commerce in Japan and a co-author of the ACCJ White Paper on the Internet Economy.

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Jim Foster Professor, Keio University and Vice-Chair of the American Chamber of Commerce (ACCJ) in Japan Internet Economy Task Force Speaker
Seminars
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Recent academic papers have shown that the Japanese sovereign debt situation is not sustainable. The puzzle is that the bond rate has remained low and stable. Some suggest that the low yield can be explained by domestic residents’ willingness to hold Japanese government bonds (JGBs) despite its low return, and that as long as domestic residents remain home-biased, the JGBs are sustainable. About 95% of JGBs are currently owned by domestic residents. This paper argues that even with such dominance of domestic investors, if the amount of government debt breaches the ceiling imposed by the domestic private sector financial assets, the JGB rates can rapidly rise and the Japanese government can face difficulty rolling over the existing debt. A simulation is conducted on future paths of household saving and fiscal situations to show that the ceiling would be breached in the next 10 years or so without a drastic fiscal consolidation. This paper also shows that the government debt can be kept under the ceiling with sufficiently large tax increases. The JGB yields can rise even before the ceiling is hit, if the expectation of such drastic fiscal consolidation disappears. This paper points out several possible triggers for such a change in expectation. However, downgrading of JGBs by credit rating agencies is not likely to be a trigger, since past downgrades have not produced any change in the JGB yield. If and when the JGB rates rapidly rise, the Japanese financial institutions that hold a large amount of JGBs will sustain losses and the economy will suffer from fiscal austerity, financial instability, and inflation.

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Working Papers
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The National Bureau of Economic Research
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Takeo Hoshi
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This report provides one of the first coherent, readable narratives of the Fukushima nuclear disaster—what happened in the first few days. It is based on new sources available in Japanese and National Diet testimonies, and is an objective overview of events as they unfolded, rather than an ideologically positioned effort of advocacy. The report goes on to analyze the institutional and governance aspects of Japan’s nuclear oversight, highlighting the fundamental problems that surfaced during the disaster that stem from deeper structural issues. The report also draws upon expertise from a conference held at Stanford University in February 2012 to analyze the politics and industry structure of Japan’s electric power sector, making concrete recommendations for reorganizing the power industry and government oversight structure.

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Working Papers
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Shorenstein APARC Working Paper Series
Authors
Kenji E. Kushida
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Significant scholarly work has begun on understanding the challenges and opportunities facing post-Fukushima Japan. A group of expert panelists from the United States, Japan, and Europe met for a conference at Stanford on Feb. 27 to delve into the key issues related to Japan’s energy industry, politics, society, and economy today.
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A fleet of taxis in Sendai, one of the areas struck by the Mar. 11 disaster, Jul. 2007.
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