Research Presentations by Corproate Affiliate Visiting Fellows (early session)
In this session of the Shorenstein APARC Corporate Affiliate Visiting Fellows Research Presentations, the following will be presented:
Hirofumi Takinami, "Political Economy of the Financial Crises in Japan & United States - A Comparative Study on the Bailout of Financial Institutions"
Currently, the United States is suffering from a financial crisis. Japan has struggled with a financial crisis from the late 1990's to the early 2000's. What implications can be drawn from these crisis experiences of the two largest economies in the world? As one part of a collaborative research with Professor Phillip Lipscy on "Policy Innovation in Japan and the United States: A Comparative Study of Response to Finiancial Crises", Takinami analyzes which elements are crucial in the use of bailout of financial institutions as a means to address financial crises. Stressing that taxpayers' understanding and market sentiment are key, he makes arguments especially on the "learning effect" of Japanese financial crisis and the importance of action by the national leader and his/her secretarial organizations.
Takashi Uchida, "Comparative Research Study of Manufacturing Between the United States and Japan"
Manufacturing consists of upstream (raw material suppliers), middle stream (casting, dyes, metal press, etc.) and downstream (automobile companies, machinery companies, and electric companies). To accurately view the structure of manufacturing as "supply chain", Uchida analyzes where manufacturing value comes from. In particular, Uchida takes a look at the automobile market, comparing the difference between manufacturing in Japan and the United States.
Zheng Wang, "Valuation and Integration of Intangible Assets in Mergers and Acquisitions"
In modern economies, a large proportion of a company's assets tend to be intangible, such as brand names. Intangible assets have become one of the key factors behind a company's competitive strength. In particular, obtaining a target's intangible assets has been the major driving force in M&A activities during the past years.
M&A for intangible assets tends to be more complicated than for tangible assets, mainly due to the challenges in terms of valuation and post-deal integration. In this research presentation, Wang analyzes some special issues in valuation and integration of intangible assets in M&As, and tries to draw useful lessons on M&A for intangible assets through case study.
Philippines Conference Room
Hirofumi Takinami
Hirofumi Takinami is a corporate affiliate visiting fellow at Shorenstein APARC for 2009-10 and 2010-11. He is currently undertaking a collaborative research with Professor Phillip Lipscy, one of the faculty of Shorenstein APARC and Assistant Professor in the Department of Political Science, on the financial crises in Japan and the U.S.
Takinami has been working for the Japanese government for 16 years. He served, among others, in policy coordination and management positions notably in the public finance area, including Deputy Cabinet Counselor in charge of coordinating domestic and economic policies at Cabinet Secretariat; Director for Office of Planning and Personnel Management, Deputy Budget Examiner on social security expenditures and Deputy Director for Legal Division at the Ministry of Finance.
In addition to positions related to domestic policy, Takinami also worked internationally, attending as one of Japanese delegates to meetings, including Ministerial-level, of Asia-Pacific Economic Cooperation (APEC) and the Asia Europe Meeting (ASEM). While sent to the Ministry of Justice, he served as Special Advisory Staff to the Director-General of Criminal Affairs Bureau, addressing international economic crimes.
Takinami graduated from the University of Tokyo in 1994, earning a Bachelor of Law. In his first dispatch to the United States by the Ministry of Finance, he received a Master of Public Policy from the University of Chicago in 1998 with a major in finance and public finance.
Takinami was born and raised in Ono, Fukui, the prefecture next to Kyoto, known for producing many CEO's in Japan. He is proud of inheriting the virtues of "dilligence, honesty and gratitutde" of this snowy country.
Takashi Uchida
Takashi Uchida is a corporate affiliate visiting fellow at Shorenstein APARC for 2009-10. Prior to joining Shorenstein APARC, he held positions at the Ministry of Economy, Trade and Industry (METI) for about 10 years, where he took charge of policy making. His latest position at METI was as deputy director in Manufacturing Industries Bureau. He graduated from Kyoto University in Economics.
Zheng Wang
Zheng Wang is a corporate affiliate visiting fellow at Shorenstein APARC for 2009-2010. She is also currently deputy director-general of M&A Department of PetroChina Company Limited in China. She received her BA and MA in Finance from Renmin University of P.R.China, and has worked for PetroChina Company Limited and its parent company, China National Petroeum Corporation (CNPC), for more than twenty years after graduation. In the past years and currently, most of the fields which she has engaged in are related to M&A, equity capital markets and foreign debt management.
Richard Dasher