Hirofumi Takinami, Corporate Affiliates Visiting Fellow from the Ministry of Finance in Japan, participated as a panelist for the event "Recovering from Recession" organized by the Keizai Society's U.S.-Japan Business Forum on September 28, 2010. The other panelists for this event were Daniel I. Okimoto, director-emeritus, Shorenstein APARC, and Keitaro Matsuda, senior vice president, Director of Economic Research for Union Bank. The event covered key issues that lie ahead for the business community trying to recover from this recession. Takinami gave a comparison of government response to the financial crisis in Japan in 1997 and in the United States in 2008, and what implications can be drawn from these experiences. Providing his perspective as a practitioner, he discussed the bailout of the financial institutions to address the financial crises.