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david_lee.png Ph.D.

David LEE Kuo Chuen joins the Walter H. Shorenstein Asia-Pacific Research Center (APARC) as visiting scholar for the fall of 2015.  He is currently the Director of Sim Kee Boon Institute for Financial Economics.  He holds the appointment of Practice Professor of Quantitative Finance, Lee Kong Chian School of Business, in Singapore Management University.  He is also the founder of Ferrell Asset Management Group.

His research interests encompass digital and Internet finance, digital banking, Asia finance, impact investing, financial inclusion and asset allocation. During his time as a Fulbright Scholar at Shorenstein APARC, his research will focus on harnessing Silicon Valley technology for connectivity and financial inclusion in ASEAN and Singapore.

David is also an Independent Director of two SGX-listed companies and sits on the Investment Committee and Council of two charitable organizations. He is the Vice President of the Economic Society of Singapore.  He was the Founding Vice Chairman of the Alternative Investment Management Association (Singapore Chapter), a member of the SGX Security Committee, and MAS Financial Research Council.  He was also the Group Managing Director of OUE Limited and Auric Pacific Limited, as well as the Non-Executive Chairman of MAP Technology Limited.

David speaks frequently in international conferences with occasional appearances in Bloomberg, Reuters and Channel NewsAsia.  He has published in Financial Analyst Journal, Journal of Investing, Journal of Wealth Management, Journal of Statistical Computation and Simulation, Applied Financial Economics, and several books and chapters on Household Economics and Hedge Funds.  His two books on Asia Finance focus on Banking, Sovereign Wealth Funds, REITs, Financial Trading & Markets, and Fund Performance. His latest book is on Digital Currency.

He graduated from the London School of Economics and Political Science with a BSc (Econs), MSc (Mathematical Economics and Econometrics) and a PhD in Econometrics and Mathematical Economics.

Visiting Scholar, Fulbright Fellow
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This paper reexamines Japanese policy choices during its banking crisis in the 1990s and draws some lessons relevant for the United States and Europe in the aftermath of the global financial crisis of 2007–09. The paper focuses on two aspects of postcrisis economic policy of Japan: the delay in bank recapitalization and the lack of structural reforms. These two policy shortcomings retarded Japan’s recovery from the crisis and were responsible for its stagnant postcrisis growth. The paper also suggests some political economy factors that contributed to the Japanese policies. In France, Italy, and Spain bank recapitalization has been delayed and the structural reforms have been slow. Without drastic changes, they are likely to follow Japan’s path to long economic stagnation. The situation in Germany looks somewhat better mainly because the structural reform was undertaken before the crisis. Although the recovery has been slow in the United States as well, the problems are at least different from those faced by Japan then and many European countries now.

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Stanford-Sasakawa Peace Foundation New Channels Dialogue 2015

"Innovation: Silicon Valley and Japan"

January 22, 2015

Bechtel Conference Center, Encina Hall, Stanford University

Sponsored and organized by the Sasakawa Peace Foundation (SPF) and the Shorenstein Asia-Pacific Research Center (APARC) in Association with U.S.-Japan Council 
 

The Japan Program at Shorenstein APARC, Stanford University is continuing the "New Channels" dialogue which started in 2013 with support from the Sasakawa Peace Foundation. The project was launched to create new channels of dialogue between experts and leaders of younger generations from the United States, mostly from the West Coast, and Japan under name of "New Channels: Reinvigorating U.S.-Japan Relations," with the goal of reinvigorating the bilateral relationship through dialogue on 21st century challenges faced by both nations. 

Last year, in its inaugural year, the Stanford-SPF New Channels Dialogue 2014 focused on energy issues. This year's theme is innovation and entrepreneurship, which will take place on January 22 at Stanford University with participants that include business leaders, academia and experts from both the United States and Japan. On January 23, a closed dialogue among participants will be held at Stanford.

Shorenstein APARC will be tweeting about the conference at hashtag, #StanfordSPF. Join the conversation with the handle, @StanfordSAPARC.

 

Brief Agenda

9:15-9:30 
Welcome: 
Gi-Wook Shin, Director, Shorenstein APARC, Stanford University 
Yuji Takagi, President, Sasakawa Peace Foundation 
 

9:30-10:50 
Panel Discussion I: Current State of Silicon Valley Innovations

Chair: Kazuyuki Motohashi, Sasakawa Peace Fellow, Shorenstein APARC, Stanford University

Panelists: 
Richard Dasher, Director, US-Asia Technology Management Center, Stanford University 
Tak Miyata, General Partner, Scrum Ventures 
Patrick Scaglia, Consultant and Technology Advisor, Startup Ventures and former senior executive, Hewlette Packard 
Norman Winarsky, Vice President, SRI Ventures, SRI International 


11:10-12:30 
Panel Discussion II: Current State of Innovations in Japan

Chair: Kenji Kushida, Research Associate, Japan Program, Shorenstein APARC, Stanford University 

Panelists: 
Yusuke Asakura, Former CEO, mixi 
Takuma Iwasa, CEO, Cerevo 
Yasuo Tanabe, Vice President and Executive Officer, Hitachi Ltd. 
Hiroaki Yasutake, Managing Executive Office and Director, Rakuten

 

12:30-13:30 
Lunch

 

13:30-14:50 
Panel Discussion III: Taking Silicon Valley Innovations to Japan

Chair: Richard Dasher, Director, US-Asia Technology Management Center, Stanford University 

Panelists: 
Jeff Char, President, J-Seed Ventures, Inc. and Chief Mentor, Venture Generation 
Akiko Futamura, President and CEO, InfiniteBio 
Allen Miner, Founder, Chairman & CEO, SunBridge Corporation 
John Roos, former U.S. Ambassador to Japan 
 

15:10-16:30 
Panel Discussion IV: The Japanese Innovation Ecosystem and Silicon Valley: Bringing them Together (How Japanese firms can make use of SV?)

Chair: Takeo Hoshi, Director, Japan Program, Shorenstein APARC, Stanford University

Panelists: 
Robert Eberhart, Assistant Professor, Santa Clara University and STVP Fellow, Stanford University 
Gen Isayama, CEO and Co-Founder, WiL (World Innovation Lab) 
Naoyuki Miyabe, Principal, Miyabe & Associates, LLC 
Hideichi Okada, Senior Executive Vice President, NEC Corporation 
 

Innovation: Silicon Valley and Japan
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Bechtel Conference Center
Encina Hall
616 Serra St., 1st floor
Stanford University
Stanford, CA 94305

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Japan has long been known as a technology giant, and remains highly entrepreneurial, despite slowed competiveness in the years following the financial crisis of the 1990s. How can Japan continue to reinvigorate its economy? What steps can Japanese and Silicon Valley-based actors take to facilitate long-term, beneficial partnerships?

Ambassador John Roos, who served as U.S. ambassador to Japan from 2009-13, will explore trends of entrepreneurship in Japan, and compare it to those in Silicon Valley. Roos will address the networks, knowledge sharing patterns, and key challenges, such as political and societal barriers to growth, that both Japan and the United States face. During his tenure as ambassador, Roos focused on innovation and trade issues, including Japan’s announcement to join the Trans-Pacific Partnership (TPP). He built many relationships and established constructed dialogue surrounding those issues.

This event will feature Roos in conservation with Ambassador Michael H. Armacost, a Shorenstein Distinguished Fellow, who also served as a U.S. ambassador to Japan (1989-1993).

 

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Ambassador John Victor Roos was the U.S. Ambassador to Japan from August 2009-13, a pivotal period in U.S.-Japan relations. Shortly after presenting his credentials to Japan's emperor, power shifted from the Liberal Democratic Party to the Democratic Party of Japan for essentially the first time in 50 years, and Roos played a key role in managing the U.S.-Japan relationship through the transition. Three and a half years later, power shifted back to the LDP, and once again, Roos was called upon to help manage the relationship through a major shift in government.

During his almost four years in Japan, Roos built relationships and established a rich and active dialogue with government leaders, businesspeople, media, and students over the course of his travels through all 47 of Japan's prefectures. In addition to addressing the security, economic, and global challenges that Japan and the United States faced, Roos put specific focus on innovation and entrepreneurship as well as trade issues, including Japan's announced intent to join the TPP. Roos' work with the business sector resulted in his being recognized, along with his wife Susie, as the 2012 American Chamber of Commerce Japan's Persons of the Year.

Prior to his ambassadorial appointment, Roos served as Chief Executive Officer and Senior Partner at Wilson, Sonsini, Goodrich, & Rosati, a leading law firm in the United States in the representation of technology, life sciences, and emerging growth companies. There he helped lead his firm through multiple waves of innovation in Silicon Valley, from the growth of software and communications, to the Internet Age, to the emergence of biotechnology, clean technology and renewable energy, and to the social media revolution.

Roos is a graduate of Stanford University and Stanford Law School.

Bechtel Conference Center
Encina Hall
616 Serra St., 1st floor
Stanford University
Stanford, CA 94305

Ambassador John Roos Former U.S. Ambassador to Japan
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Shorenstein Asia-Pacific Research CenterEncina Hall E301616 Serra StreetStanford, CA 94305-6055
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kazuyuki_motohashi.jpg Ph.D.

Kazuyuki Motohashi joins the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) during the period of September 2014 to March 2015 as this year's Sasakawa Peace Fellow, from the the University of Tokyo, where he serves as a professor at the Department of Technology Management for Innovation, Graduate School of Engineering. Until this year, he had taken various positions at the Ministry of Economy, Trade and Industry of the Japanese Government, economist at OECD, and associate professor at Hitotsubashi University.

His research interest covers a broad range of issues in economic and statistical analysis of innovation, including economic impacts of information technology, international comparison of productivity, national innovation systems focusing on science and industry linkages, and SME innovation and entrepreneurship policy. He has published several papers and books on the above issues, including Productivity in Asia: Economic Growth and Competitiveness (2007). At Shorenstein APARC, he is conducting the research project, “New Channles: Reinventing US-Japan Relationship”, particularly focusing on innovation in Silicon Valley and its linkage with the Japanese innovation system.

Mr. Motohashi was awarded his Master of Engineering degree from the University of Tokyo, MBA from Cornell University, and Ph.D. in business and commerce from Keio University.

Sasakawa Peace Fellow, 2014-2015
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This lecture is part of a seminar series (open to the public) organized by the US-Asia Technology Management Center.

Co-Sponsored by the Stanford Silicon Valley-New Japan Project, Japan Program


The US-ATMC Autumn 2014 seminar series theme is New Trends in Start-up Company Acceleration: Toward the Rise of the Global Start-up. The series features new incubator and accelerator programs in Silicon Valley and select Asia economies that promote early development of international business operation by start-up companies. How can start-up companies cope with the challenges of business globalization? What are the implications these new models of incubation for the future of Asia economies and for Silicon Valley?

 

Thursdays, Oct. 2 – Dec. 4, 2014
4:15 – 5:30 pm
HP Auditorium (B01), Gates Computer Science Building

Public Welcome • Light Refreshments

US-Asia Technology Management Center Lecture Series


Instructor: Richard Dasher <rdasher [at] stanford [dot] edu>
Course Assistant: Mianmian Wen <mianmian [at] stanford [dot] edu>

EE402A Course Syllabus

Follow @AsiaTechSU and #EE402A on Twitter for a live feed of our discussions.

E-mail Siejen Yin-Stevenson, Assistant Director, at <siejeny@stanford.edu> with questions about the seminar series.


 

Lecture by Gen Isayama on 10/2/2014    VIDEO

Recreating Japan into a Startup Nation
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Stanford University, Gates Computer Science Building B01 – 353 Serra Mall, Stanford, CA 94305 [Campus Map]

Gen Isayama Co-Founder, World Innovation Lab (WiL)
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Yves Russell, reviewing Shorenstein APARC's Divided Memories: History Textbooks and the Wars in Asia for the 2014/2 issue of China Perspectives, says that the volume "makes two major contributions to existing literature on the problem of history textbooks in East Asia" with its parallel excerpts from textbooks on eight controversial themes and its "inclusion of American textbooks" in the debate on historical memories in Asia. Russell continues to note that "one of the book's great strengths [is showing that] Japanese textbooks do not highlight patriotism, revisionism, or nationalism or seek to justify the war—rather the contrary." 

Divided Memories is just one of the outputs of a multi-year history project on the effects of historical memories on postwar reconciliation. Most recently released was Wartime History Issues in Asia: Pathways to Reconciliation Final Report, a summary report of a Track II dialogue on the continuing impact of wartime history issues.

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A Japanese postcard depicts the Japanese army entering Tangguantun, southwest of Tianjin, following the Marco Polo Bridge Incident of 1937.
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China’s maritime pursuits in the East and South China Seas and President Xi Jinping’s announcement of a new Asian security concept have gathered considerable attention in recent months, leading American analysts to critically examine the strategic value of the U.S.-China alliance. Is the United States in a position where the costs outweigh the gains?

In an article by the Global Times, Thomas Fingar, the Oksenberg-Rohlen Distinguished Fellow at Freeman Spogli Institute for International Studies, responds to questions about U.S. alliance management, discussing the origin and United States’ interests behind its relationship with China.

Over the past few decades, when developing its alliance network, did the United States have a clear and comprehensive mission? Does the United States have any concerns over responsibilities or risks that alliances may generate?

The principal purposes of U.S. alliances are deterrence and collective self-defense, as they were when most were established after World War II and the Korean War. They also contribute to stability and security by requiring transparency and confidence-building among members of the alliances, and to limiting the spread of nuclear weapons by reducing vulnerability to conventional attack and enhancing security through extended deterrence. The United States bears a disproportionate share of the costs associated with its collective security and stability in the global order to justify the costs and risks involved.

Compared to America’s transformation (from upholding isolationism to building a formidable alliance system), how should we evaluate China’s non-aligned strategic partnership policies?

The alliances in which the United States participates are one part of the global system that has contributed to the unprecedented peace and prosperity that we­–the world–have today. Other elements include the United Nations, the World Trade Organization and the Treaty on the Non-Proliferation of Nuclear Weapons (NPT) and other control regimes, and all other institutions in the liberal, open and rule-based system developed by the “Free World” during the Cold War and transformed into a global system in the years since 1991. I would describe the difference between the U.S. vision of relationships among states and China’s non-aligned strategic partnerships as the difference between obligations and expectations within a family and those among colleagues and friends.

The above text is reposted with permission from the Global Times. A version of this text ran as an excerpt written in the Chinese language, which can be accessed here.

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U.S. Secretary of State John Kerry speaks with Chinese President Xi Jinping at the sixth annual Strategic and Economic Dialogue in July 2014.
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Standing upright, then slowly clasping both hands and drawing them up to shoulder height, Kevin Won next kneeled on the floor. Bending forward, he bowed his head toward his silent audience.

Won’s demonstration of the Sebae, a traditional bow performed for elders during South Korea’s lunar new year, may have seemed out of place during a warm, sunny day on Stanford’s campus. But the intricate display was in perfect context during a cross-cultural conference for secondary school teachers from the United States to learn about Korean society, as well as providing a forum to directly engage with Korean teachers and students.

Despite Korea’s growing relevance worldwide, there has been little development of Korean studies below university-level, leaving a vacuum for misunderstanding, including stereotypes, to form at an early age. The conference – now in its third year – aims to shift this reality.

For three days in late July, twenty-four teachers from across America participated in a variety of activities and seminars intended to give them new perspectives and teaching strategies.

Gary Mukai, director of SPICE, welcomes participants.

The conference was co-organized by the Korean Studies Program (KSP) at the Shorenstein Asia-Pacific Research Center (APARC) and the Stanford Program on International and Cross-Cultural Education (SPICE), both in the Freeman Spogli Institute for International Studies. The two groups work together to convert research on Asia into material that is suitable for younger students.

“Our mission is to make Stanford scholarship accessible to all,” said SPICE director Gary Mukai, who has been with SPICE for over 26 years. SPICE and Shorenstein APARC, under the direction of Gi-Wook Shin, a professor of sociology, have coordinated curriculum development for key projects on Korean history and perceptions of wartime history in Northeast Asia. 

A cadre of scholars and practitioners from Stanford and other universities and organizations offered talking points and actionable ideas for instruction. Among them was David Straub, the associate director of KSP, who lived in Korea for eight years as a senior U.S. diplomat. 

The United States and Korea have a very close relationship, but lack equal dialogue, explained Straub. America is still “number one” for Koreans, as such, Koreans know more about the United States than Americans know about Korea. This imbalance can lead to misunderstanding. Straub took the teachers through the recent history of U.S.-Korea relations, which is often narrowed to the context of the Korean War. 

Two teachers work together on a curriculum exercise comparing political cartoons.

Since 1945, South Korea overcame extreme poverty and effectively established a democratic society, a transition that was uncommonly quick and relatively smooth, and one that now supports a global powerhouse of trade and culture.

Throughout the conference, SPICE staff demonstrated ways for educators to bring Korea, and greater Northeast Asia, into their classrooms. They gave the teachers a chance to practice student lessons. In one exercise, the teachers deciphered sets of political cartoons and compared news headlines from Japan, China and Korea, using material from SPICE instructional materials. 

Each activity was carefully prepared to guide teachers to examine their own preconceptions. Greater cultural awareness can come when both teachers and students are “more critical consumers of information,” said Rylan Sekiguchi, a SPICE curriculum specialist, in his presentation.

While curriculum is important, establishing rapport seemed an essential part of the conference. A key component to a successful cross-cultural workshop is creating a community, “and looking around the room, I think we’ve done that here,” said Mukai, in an address to participants at a reception.

Also in attendance was a delegation of 11 Korean teachers and students from Hana Academy Seoul, a private high school in Korea with a unique structure and curriculum. The school’s name comes from the Hana Financial Group, which established the school in 2010, and is also the supporter of the Stanford conference. The Korean students gave presentations that covered a wide range of topics, including an analysis of teenage life and the public education system in Korea.

(Left to right): Students Nayoon Kim, Kevin Won, Seung-hyun Kim and Sarah Chey presented on Korean culture and society.

Six students from Hana Academy Seoul performed Samulnori, one of Korea’s most popular genres of music. The musical group, known as Da-Seu-Reum, showcased their talents while wearing traditional, brightly colored outfits. Afterward, the students became the teachers – when they invited the American teachers to come up and play the instruments. 

Three students were also honored for their research and participation in the Sejong Korean Scholars Program (SKSP), a distance-learning opportunity for 25 high school students across the United States to engage in an intensive study of Korea for a semester. SKSP is dually led by SPICE and Shorenstein APARC, and sponsored by the Korea Foundation.

“I feel very honored to attend, and have learned a lot about U.S.-Korea relations,” said Won, who is from Korea and attends The Taft School in Connecticut. “But mostly, I am just glad my presentation went well.” 

Won, a relative newcomer to public speaking, explained Korean holidays and how to perform a traditional bow. After demonstrating the correct posture and sequence to the audience, he asked for, and easily received, teacher participation. 

Kelly McKee, a teacher from Illinois, tries playing the Buk, a drum used in Samulnori, with direction from a Hana Academy Seoul student.

“From the impeccably credentialed presenters to the wonderful pacing of the presentations, I thoroughly enjoyed my three days here,” said Eladio “Lalo” Martin, a humanities teacher at Cesar Chavez Middle School in Watsonville.

“This conference, by far, is the best I’ve ever attended,” he added. Martin has been teaching for more than 18 years, and says he looks forward to returning to Stanford.

“The speakers have been fantastic,” said Kelly McKee, a social studies teacher. “They’ve shared in-depth expertise on topics like Korea’s special economic zones and North Korea – areas you can’t find in professional development workshops elsewhere.”

McKee, who works at Lake Forest High School in Illinois and is a leader of a student exchange program to Shanghai, says she plans to supplement her Korea unit with what she has learned. As the availability of Asian studies curriculum continues to grow, she says the future certainly looks bright.

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