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On November 7, Stanford economist Takeo Hoshi presented a coauthored paper "Will the U.S and Europe Avoid a Lost Decade?  Lessons from Japan's Post Crisis Experience" at the Fourteenth Jacques Polak Annual Research Conference at the International Monetary Fund headquarters in Washington DC. 

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Japan Program at Shorenstein Asia-Pacific Research Center received a grant from Sasakawa Peace Foundation in Japan for the New Channels project.  Hideichi Okada, Senior Advisor at NTT Data Institute of Management and Consulting has joined the Japan Studies Program at APARC as the 2013-14 Sasakawa Peace Fellow to play a leading role in organizing the annual New Channels Dialogue.

On October 8th, Hideichi Okada spoke on “Japan’s Energy Challenge” at a Shorenstein APARC seminar in the Philippines Conference Room at Encina Hall.  As the world watches with great interest on how Japan will overcome its energy challenges, Okada highlighted the importance of formulating a new energy policy and reducing the cost of renewable and imported hydrocarbon.  He also pointed out the challenges of decommissioning damaged nuclear power plants and cleaning contaminated soil and water, which would require a new technology as well as an international cooperation.  The talk was followed by active discussion with the participants.

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Hideichi Okada, 2013-14 Sasakawa Peace Fellow, gave a talk on "Japan's Energy Challenge" on October 8, 2013.
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As cited in Victoria McGrane's blog in the Wall Street Journal, Stanford economist Takeo Hoshi argues in a coauthored paper that Europe is making the same mistakes that Japan did during the 1990s and as a result is likely to suffer a similarly prolonged period of stagnant growth.
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Maritime security has become an increasingly salient point of friction in China-Japan relations. The focus has been small islands called Senkaku in Japanese and Diaoyu in Chinese, islands that both countries claim but Japan controls. Besides the territorial claims, many issues are at play:  historical memory, geo-strategy, the quest for natural resources, domestic nationalisms, the capacity of governments to manage crises, and Tokyo’s and Beijing’s relationship with the United States. Richard Bush, author of The Perils of Proximity: China-Japan Security Relations will address the two countries growing rivalry in the maritime domain and the implications for the United States.

Richard C. Bush III is a Senior Fellow at the Brookings Institution, Director of its Center for Northeast Asian Policy Studies, and holder of the Chen-Fu and Cecilia Yen Koo Chair in Taiwan Studies.

Bush came to Brookings in July 2002, after serving almost five years as the Chairman and Managing Director of the American Institute in Taiwan, the mechanism through which the United States Government conducts substantive relations with Taiwan in the absence of diplomatic relations.

Bush began his professional career in 1977 with the China Council of The Asia Society. From July 1983 to June 1995, we worked on the staff of the House Foreign Affairs Committee, first on the Subcommittee on Asian and Pacific Affairs (chair, Steve Solarz), and then the full committee (chair, Lee Hamilton). In July 1995, he became National Intelligence Officer for East Asia and a member of the National Intelligence Council, which coordinates the analytic work of the intelligence committee. He left the NIC in September 1997 to become head of AIT.

Bush received his undergraduate education at Lawrence University in Appleton, Wisconsin. He did his graduate work in political science at Columbia University, getting an M.A. in 1973 and his Ph.D. in 1978. He is the author of a number of articles on U.S. relations with China and Taiwan, and of At Cross Purposes, a book of essays on the history of America’s relations with Taiwan (M. E. Sharpe, 2004). In July 2005, Brookings published Untying the Knot: Making Peace in the Taiwan Strait. In March 2007, through Wylie Publishers, Richard Bush and his Brookings colleague Michael O’Hanlon released A War Like No Other: The Truth About China’s Challenge to America. In 2010, Brookings published his Perils of Proximity: China-Japan Security Relations, which focused on growing tensions in the East China Sea. In January 2013, Brookings published his Uncharted Strait: The Future of China-Taiwan Relations

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Richard C. Bush Director, Center for East Asia Policy Studies; Senior Fellow, Foreign Policy; The Michael H. Armacost Chair; The Chen-Fu and Cecilia Yen Koo Chair in Taiwan Studies Speaker The Brookings Institution
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In the early twentieth century, against the backdrop of colonial violence, the Japanese annexation of Korea, and World War I, religious and secular groups in East Asia voiced support for a new ethos of humanitarian internationalism.  This presentation examines the confluences between millenarian "new religions" such as Chŏndogyo (Korea), Ōmotokyō (Japan), and Daoyuan (China), Bahá'ís, Esperantists and other groups espousing world peace, gender and social equality, and religious unity.  Under the scrutiny of the Japanese imperial state, these communities presented teachings that were inimical to colonial hierarchies, but they had to do so without resort to the standard means and methods of social, economic, and political reform, such as protests, provocative civil disobedience, lobbying, electioneering, coercion, and either the threat or actual use of political violence.

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Taylor Atkins Professor, Department of History, Northern Illinois University Speaker
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In the 1930s, with Japan’s expansions into the Asian continent, colonial Korean culture in general, and literature in particular, came to take important roles as both subject and object of such imperial expansions. This paper reexamines the colonizer and colonized binary by re-contextualizing the rise of translated texts packaged as ethnographic “colonial collections.”  In particular, this paper historicizes the ethnographic turn relegated to colonial culture by examining the rise of colonial collections as a manifestation of mass-produced objects of colonial kitsch at this time. The complex position of the colonial artist/writer cum (self-)ethnographer situated in between the colony and the metropole embodies an uncanny contact zone as the artist and work of art become reified as objects of imperial consumer fetishism.  In the colonial encounter, the artist as producer and the art object of his or her labor meld into indistinguishable and interchangeable forms, as producer and product of kitsch. In such relations of colonial alienation, cultural producers struggled to map out spaces as agents of artistic expression, while agency for the colonized artist often meant further alienation through self-ethnography or through mimicry of the colonizer’s racialized forms and discourses.

RSVP required at http://ceas.stanford.edu/events/rsvp.php

521 Memorial Way, Knight Building, Room 102
Stanford University

Aimee Kwon Assistant Professor of Asian & Middle Eastern Studies, Duke University Speaker
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In the forthcoming edited volume The Role of Central Banks in Financial Stability: How Has It Changed?, Japan Program director Takeo Hoshi contributed a chapter entitled "Role of Central Banks in Financial Stability: Lessons from the Experience of the Bank of Japan."

The book, volume 30 in the "World Scientific Studies in International Economics" series, addresses the means to prevent future financial crises and stresses a major shift in most countries toward a better understanding of financial stability and how it can be achieved. In particular, the papers in this volume examine the recent change in emphasis at central banks with regard to financial stability. For example: What were the cross-country differences in emphasis on financial stability in the past? Did these differences appear to affect the extent of the adverse impact of the financial crisis on individual countries? What are perceived to be the major future threats to financial stability?

These and related issues are discussed in the book by well-known experts in the field — some of the best minds in the world pursuing financial stability. Following the global financial crisis, significant reforms have been initiated in many countries to address financial stability more directly, frequently focusing on macroprudential policy frameworks in which central banks play a more active role.

The Role of Central Banks in Financial Stability, edited by Douglas D. Evanoff, Cornelia Holthausen, George G. Kaufman, and Manfred Kremer, will be published by World Scientific in December 2013.

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Prime Minister Abe's economic policy, called Abenomics, places policies to open up Japan as a key component.  The government argues that reducing the barriers for international trade and capital flows will revitalize the Japanese economy and restore the growth in Japan.  At the core of the opening up policy are efforts to establish free trade agreements (FTAs) with major trading partners.  Japan joined the negotiation for TPP (Trans-Pacific Partnership), which includes the U.S., Japan's second largest trading partner, in July this year.  Japan has also started negotiation for RCEP (Regional Comprehensive Economic Partnership), which includes China, Japan's largest trading partner.  Will these efforts really succeed in making the Japanese economy more open?  Do they lead to the recovery of Japan from two decades of stagnation?  Experts from both sides of the Pacific discuss these issues.

 

Participants:

Glen S.

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Fukushima is Senior Fellow at the Center for American Progress, a prominent public policy think tank headquartered in Washington, D.C.  From 1990 to 2012, Mr. Fukushima was based in Tokyo as a senior executive with one European and four American multinational corporations: Vice President, AT&T Japan Ltd.; President, Arthur D. Little Japan; President & CEO, Cadence Design Systems Japan; President & CEO, NCR Japan; and President & CEO, Airbus Japan.  Before embarking on his business career in 1990, he was based in Washington, D.C. as Director for Japanese Affairs (1985-1988) and Deputy Assistant United States Trade Representative for Japan and China (1988-1990) at the Office of the United States Trade Representative (USTR), Executive Office of the President.  Mr. Fukushima served two terms as President of the American Chamber of Commerce in Japan, 1998-1999, and Vice President, 1993-1997.  A native of California, Mr. Fukushima was educated at Deep Springs College, Stanford University, Harvard University Graduate School of Arts and Sciences, Harvard Business School, and Harvard Law School. At Harvard, he was awarded a National Science Foundation Fellowship. He has studied and worked in Japan for over 25 years, including at Keio University, a daily newspaper, an international law firm, and as a Fulbright Fellow and a Japan Foundation Fellow at the Faculty of Law, University of Tokyo.

 

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Hideichi Okada joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) from September, 2013 until March, 2014 as Sasakawa Peace Fellow with the Japan Studies Program (JSP).  His research interests encompass energy policies and trade policies in the context of possible cooperation between Japan and the U.S. During his time at Shorenstein APARC, Okada will be working to launch New Dialogue Program for future cooperation on various areas between Japan and the U.S., and other Asia Pacific countries.  Okada served as Vice Minister for International Affairs, Ministry of Economy, Trade and Industry (METI) from 2010 to 2012, where he promoted international trade and investment, and expanded industrial cooperation with various countries. He also served as Director General of Trade Policy Bureau (2008-2010) and Director General of Commerce and Information Policy Bureau of METI (2007-2008). He worked for Prime Minister Junichiro Koizumi as his executive assistant, where he dealt with policies on economy, industry, energy, science and technology, and environment, and with public relations (2001-2006). He was a professor at GRIPS (2006-2007) and a visiting scholar at Harvard Law School and IR/PS, University of California, San Diego in 2007.  Okada was born in Tokyo in 1951. He received LL.M. degree from Harvard Law School (1981) and graduated from the University of Tokyo with a LL.B. (1976). Currently, he is Senior Advisor, NTT Data Institute of Management and Consulting.

 

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Phillip Lipscy is a center fellow at the Freeman Spogli Institute for International Studies and an assistant professor of political science at Stanford University. His fields of research include Japanese politics, U.S.-Japan relations, international and comparative political economy, international security, and regional cooperation in East and Southeast Asia.  Lipscy is an expert on bargaining over unbalanced representation in international organizations such as the United Nations Security Council, International Monetary Fund, and World Bank. His existing work addresses a wide range of topics such as the use of secrecy in international policy making, the effect of domestic politics on trade, and Japanese responses to the Asian Financial Crisis. His most recent research examines the political and economic factors that facilitate energy-efficient policymaking.  Lipscy obtained his PhD in political science at Harvard University. He received his MA in international policy studies and BA in economics and political science at Stanford University.  Lipscy has been affiliated with the Reischauer Institute of Japanese Studies and Weatherhead Center for International Affairs at Harvard University, the Institute for Global and International Studies at George Washington University, the RAND Corporation, and the Institute for International Policy Studies in Tokyo.

 

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Takeo Hoshi is the Henri and Tomoye Takahashi Senior Fellow at the Walter H. Shorenstein Asia-Pacific Research Center at Stanford University, and professor of finance (by courtesy), Stanford Graduate School of Business. Prior to joining S/APARC, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at the University of California, San Diego (UCSD). Hoshi also serves on the Board of Directors at Union BanCal Corporation. He is also a research associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER). His main research interests include the study of the financial aspects of the Japanese economy, especially corporate finance, banking, and monetary policy. He received numerous awards for his publications including Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001), co-authored with Anil Kashyap (Graduate School of Business, University of Chicago), and his other publications include, “Japanese Government Debt and Sustainability of Fiscal Policy” (with Takero Doi and Tatsuyoshi Okimoto), Journal of the Japanese and International Economies,2011; “Corporate Restructuring in Japan during the Lost Decade” (with Satoshi Koibuchi and Ulrike Schaede), Japan’s Bubble, Deflation, and Long-term Stagnation, MIT Press, 2011 (Koichi Hamada, Anil K Kashyap, and David E. Weinstein, eds.) He has been the editor-in-chief of the Journal of the Japanese and International Economies since 1999. Hoshi received his BA in social sciences from the University of Tokyo in 1983, and a PhD in economics from the Massachusetts Institute of Technology in 1988.

Philippines Conference Room

Glen S. Fukushima Senior Fellow, Center for American Progress; Former President, American Chamber of Commerce in Japan and Former Deputy Assistant U.S. Trade Representative for Japan and China Panelist

Shorenstein APARC
Encina Hall E317
616 Serra Street
Stanford, CA 94305-6055

(650) 725-2375 (650) 213-6374 (650) 723-6530
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Sasakawa Peace Fellow
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Hideichi Okada joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) from September, 2013 until March, 2014 as Sasakawa Peace Fellow with the Japan Studies Program (JSP).

His research interests encompass energy policies and trade policies in the context of possible cooperation between Japan and the U.S. During his time at Shorenstein APARC, Okada will be working to launch New Dialogue Program for future cooperation on various areas between Japan and the U.S., and other Asia Pacific countries.

Okada served as Vice Minister for International Affairs, Ministry of Economy, Trade and Industry (METI) from 2010 to 2012, where he promoted international trade and investment, and expanded industrial cooperation with various countries. He also served as Director General of Trade Policy Bureau (2008-2010) and Director General of Commerce and Information Policy Bureau of METI (2007-2008). He worked for Prime Minister Junichiro Koizumi as his executive assistant, where he dealt with policies on economy, industry, energy, science and technology, and environment, and with public relations (2001-2006). He was a professor at GRIPS (2006-2007) and a visiting scholar at Harvard Law School and IR/PS, University of California, San Diego in 2007.

Okada was born in Tokyo in 1951. He received LL.M. degree from Harvard Law School (1981) and graduated from the University of Tokyo with a LL.B. (1976). Currently, he is Senior Adviser, NTT Data Institute of Management and Consulting.

Hideichi Okada The Sasakawa Peace Fellow, Shorenstein APARC Panelist Stanford University
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Former Thomas Rohlen Center Fellow at the Freeman Spogli Institute for International Studies
Former Assistant Professor of Political Science
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Phillip Y. Lipscy was the Thomas Rohlen Center Fellow at the Freeman Spogli Institute for International Studies and Assistant Professor of Political Science at Stanford University until August 2019. His fields of research include international and comparative political economy, international security, and the politics of East Asia, particularly Japan.

Lipscy’s book from Cambridge University Press, Renegotiating the World Order: Institutional Change in International Relations, examines how countries seek greater international influence by reforming or creating international organizations. His research addresses a wide range of substantive topics such as international cooperation, the politics of energy, the politics of financial crises, the use of secrecy in international policy making, and the effect of domestic politics on trade. He has also published extensively on Japanese politics and foreign policy.

Lipscy obtained his PhD in political science at Harvard University. He received his MA in international policy studies and BA in economics and political science at Stanford University. Lipscy has been affiliated with the Reischauer Institute of Japanese Studies and Weatherhead Center for International Affairs at Harvard University, the Institute of Social Science at the University of Tokyo, the Institute for Global and International Studies at George Washington University, the RAND Corporation, and the Institute for International Policy Studies.

For additional information such as C.V., publications, and working papers, please visit Phillip Lipscy's homepage.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Phillip Lipscy The Thomas Rohlen Center Fellow, FSI and Assistant Professor, Department of Political Science Panelist Stanford University
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Former Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at the Freeman Spogli Institute for International Studies
Former Professor, by courtesy, of Finance at the Graduate School of Business
takeo_hoshi_2018.jpg PhD

Takeo Hoshi was Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC), all at Stanford University. He served in these roles until August 2019.

Before he joined Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at University of California, San Diego (UCSD), where he conducted research and taught since 1988.

Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy.

He received 2015 Japanese Bankers Academic Research Promotion Foundation Award, 2011 Reischauer International Education Award of Japan Society of San Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize.  His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002.  Other publications include “Will the U.S. and Europe Avoid a Lost Decade?  Lessons from Japan’s Post Crisis Experience” (Joint with Anil K Kashyap), IMF Economic Review, 2015, “Japan’s Financial Regulatory Responses to the Global Financial Crisis” (Joint with Kimie Harada, Masami Imai, Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy, 2015, “Defying Gravity: Can Japanese sovereign debt continue to increase without a crisis?” (Joint with Takatoshi Ito) Economic Policy, 2014, “Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan” (with Anil Kashyap), Journal of Financial Economics, 2010, and “Zombie Lending and Depressed Restructuring in Japan” (Joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.

Hoshi received his B.A. in Social Sciences from the University of Tokyo in 1983, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1988.

Former Director of the Japan Program at the Shorenstein Asia-Pacific Research Center
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Takeo Hoshi Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at FSI; Professor, by courtesy, of Finance, Graduate School of Business and Director, Japan Studies Program, Shorenstein APARC Moderator Stanford University
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