Global Affiliates Research Presentations (session 3 of 5)
The format of this presentation is each of the three speakers will have approximately 15 minutes to present their research. This will be followed by a short period of 5-10 minutes for any questions or comments from the audience.
In this session of the Global Affiliates Research Presentations, the following will be presented:
Hiroto Akai, Ministry of Finance, Japan, "FinTech and Japanese Banks: Implications for Fiscal Sustainability"
Although Japan has the world's largest government debt, the interest rate of the Japanese Government Bond (JGB) still remains lower than most major countries. In the JGB market, Japanese banks play a key role as massive investors. However, in recent years, many business environments surrounding Japanese banks have dramatically changed. One of the biggest changes is FinTech. Given the growth of FinTech, some researchers argue that it could disrupt traditional banking. In his research, Akai provides an overview of the FinTech phenomenon, especially in the U.S., and tries to analyze the relationship between FinTech and incumbent banks. Given the characteristics in Japan's financial market, Akai tries to clarify the impact of Fintech to the investment behavior of Japanese banks.
Yasuhito Ando, Kozo Keikaku Engineering, "Use of AI in Architectural Design: Defining Comfort in Residential Design"
In the design of buildings, there are already examples of computer-based optimization of structure, design, cost and environment. However, there is no example of realizing comfortable planning. This is because the comfort is vague and difficult to design. In his research, Ando examines how to find comfort definitions from housing design data.
Takanori Tomozawa, Ministry of Economy, Trade & Industry, Japan, "Innovation for Energy Policy & Companies in Japan — Lessons Learned from Silicon Valley"
Hiroto Akai
Hiroto Akai is a global affiliate visiting scholar at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2017-19. Akai has served various positions at the Japanese Ministry of Finance and the Financial Services Agency. Prior to joining Shorenstein APARC, he was Deputy Director of Policy Planning and Research Division, which is responsible for producing the Financial Statements Statistics of Japanese Corporations. He assumed several tasks related to financial markets during his career. He was Deputy Director of the Office of Foreign Exchange Reserve Management (2015-16), where he was responsible for portfolio management of Japan's FX reserves. He also worked for Foreign Exchange and Markets Division (2008-09), where he was in charge of foreign exchange market policy during the global financial crisis. He received a masters degree of economics from Hitotsubashi University in 2005.
Yasuhito Ando
Yasuhito Ando is a global affiliate visiting scholar at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2018-19. Ando is currently the Managing Executive Officer of Kozo Keikaku Engineering where he is in charge of the U.S. marketing department. While at KKE, he developed a system to calculate the structure of buildings and also consults on processes from development to design and construction. Most recently, he was engaged in the planning department focusing on business and personnel planning as well as involved in the information communication system development and management of IoE (Internet of Everything) business.
Takanori Tomozawa
Takanori Tomozawa is a global affiliate visiting scholar at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for 2018-19. Tomozawa has served various positions at the Japanese Ministry of Economy, Trade and Industry. Prior to joining Shorenstein APARC, he was Deputy Director of Energy Strategy Office, which is responsible for revising the Strategic Energy Plan of Japan. He received his PhD degree in the Department of Technology Management for Innovation from the University of Tokyo in 2013.
FSI researchers strive to understand how countries relate to one another, and what policies are needed to achieve global stability and prosperity. International relations experts focus on the challenging U.S.-Russian relationship, the alliance between the U.S. and Japan and the limitations of America’s counterinsurgency strategy in Afghanistan.
Climate change has become more and more critical to the survival of humans. If there is no appropriate control of the total greenhouse gas emissions over the next 10-20 years, emissions will drive global temperatures to rise 1.5-2oC. Impacts related to climate change can be found in many segments of society such as human health, agriculture and food security, water supply, transportation, etc. These same areas also impact the survival of the petroleum industry. In his research, Fang has analyzed different scenarios about future clean energy implementation and emission reduction. In this presentation, he shares potential solutions of the sustainable development of the petroleum industry.
Japan's global market share is rapidly shrinking. As a regional financial institution, the Hamamatsu Iwata Shinkin Bank focuses on supporting small and medium-sized enterprises (SMEs) with a majority of their customers in the vehicle engine parts industry. There is an increasing possibility that the pyramid of parts supply centering on automobiles will collapse in the near future. In such an era, it will be necessary for Japanese manufacturing SMEs to change their way of business in order to survive. In his research, Watanabe shares his experience of proof of concept in Silicon Valley and provides suggestions on how Japanese manufacturing SMEs need to progress their business to expand their market share.
The average annual salary of an MLB player has more than quadrupled since 1995 reaching the current high of over $4 million. Since 1995, the highest annual salary went from $10 million to now well over $30 million and is expected to continue to rise. This has been made possible by the growth of the MLB's market size itself - currently at $100 billion which is more than seven times higher than the 1995 levels. However, the average attendance per MLB game is decreasing and the average age of the MLB fan is increasing which could be a problem. On the other hand, the Japanese professional baseball market has grown by only 1.5 times over the same period. In his research, Ito analyzes MLB's growth factors and studies their contribution to the regional economy, as well as their implications for the Japanese professional baseball market and regional economy.