Upcoming events

    • 29 Nov 2017
    • 2:00 PM - 5:00 PM
    • The Vivian and David Campbell Conference Facility, Munk School of Global Affairs 1 Devonshire Place

    This event is organized by the Centre for the Study of Global Japan 


    For over two decades now, Japan has found itself at the forefront of economic policymaking. The bursting of the bubble economy ushered in an era of zero interest rates and unconventional monetary policy, long before such measures were widely adopted elsewhere during the Global Financial Crisis. Japan’s demographic trends presage continental Europe’s future. Many policy choices have been copied, even though their effectiveness continues to be debated in Japan as abroad. This event brings together leading members of the policy community from Japan and North America to discuss Japan’s experience. The purpose is not to take stock of Japan’s (alleged or real) malaise, but to identify common themes that provide useful lessons for other countries.

    Innovation and Economic Growth in Japan: Firm-Level Approach by Nobuyuki Kinoshita

    Slowdown in TFP and capital stock accumulation are the two main causes of Japan’s long-term economic stagnation. I analyze this problem on the firm-level approach. Nowadays ICT innovation has changed our way of lives everywhere in the world. Under this circumstance, Japanese firms do invest in ICT and R&D too, but something is weighting down on TFP growth. Actually, they stick to their own R&D and collaborate less with other organizations. Besides, entry of innovative entrepreneurs and exit of unproductive firms are remarkably weak in Japan. As a result, Japanese firms all in all get older and less active. My presentation gives the policy implication that the Japan’s enterprise system should be reformed and that the speed up of the industries restructuring is particularly critical.

    Nobuyuki KINOSHITA (Senior Advisor, AFLAC Insurance Japan, Tokyo), Noboyuki Kinoshita, formerly with the Ministry of Finance and then the Bank of Japan, is an expert on corporate governance reforms in Japan and their macroeconomic implications. He served as Executive Director at the Bank of Japan from 2010 to 2014. He is currently senior advisor to Aflac (Columbus, GA), a leading supplemental insurance provider in the US and Japanese markets. He regularly presents to academic and professional audience on Japanese macroeconomic policies.

    Aging in Japan: A Fiscal and Macroeconomic Conundrum by R. Anton Braun

    Japan is in the midst of a demographic transition that is both rapid and large by international standards. Aging is already placing a burden on government finances. Public expenditures on pensions, medical care and long-term care are rising. At the same time, low fertility rates in conjunction with longer life expectancies are increasing the old-age-dependency ratio and workers are facing higher tax burdens. Moreover, Japan’s ability to confront the negative fiscal implications of future aging is constrained by its very high debt-GDP ratio. In my presentation I will detail the size of the fiscal imbalances created by aging, explain how Japan’s fiscal situation is creating a drag on macroeconomic activity and discuss the efficacy of alternative strategies for stabilizing the fiscal situation and boosting economic growth.

    R. Anton Braun is a research economist and senior adviser at the Federal Reserve Bank of Atlanta and a visiting professor of economics at Keio University. His research topics include fiscal and monetary policy and aging. Before joining the Bank in 2010 he was a professor of economics at the University of Tokyo where he taught from 2001-2010.

    Symposium chaired by Mark Manger

    Mark Manger (Munk School of Global Affairs, University of Toronto). Professor Manger is an Associate Professor of Political Economy and Global Affairs at the Munk School and the Department of Political Science. He received his doctorate from UBC and joined the Munk School in 2012 following tenure-track appointments at McGill University and the London School of Economics. Professor Manger’s field of specialization is international political economy, with emphasis on trade and finance, and the political economy of East Asia and Japan. He has been a visiting researcher at the Institute of Social Science, University of Tokyo, in 2003 and in 2010, and is an alumnus of the Program on US-Japan Relations at Harvard University, where he was a fellow in 2007-2008.

    20171129CSGJ inaugural symosium poster_black.pdf

    • 30 Nov 2017
    • 12:00 PM - 2:00 PM
    • Torys LLP, Toronto Office (79 Wellington St. W. 33rd Floor, TD South Tower, Toronto, Ontario M5K 1N2 Canada)


    Mr.
    Nobuyuki Kinoshita, Senior Advisor, AFLAC Insurance Japan, Tokyo

    About the presentation:

    Japan’s long-term economic stagnation has largely been a result of the slowdown in total factor productivity and capital stock accumulation. This is occurring in spite of the fact that in current societies around the world, information and communications technology innovation has changed our way of life. It is true that Japanese firms do invest in information and communications technology R&D, but something is hampering productivity growth. Part of the problem might be that Japanese companies stick to their own R&D and collaborate less with other organizations. In addition, the entry of innovative entrepreneurs and the exit of unproductive firms is not common enough in Japan. As a result, Japanese firms suffer. The presentation will suggest that Japan’s enterprise system should be reformed to stop this decline and speed up industrial restructuring.


    About the speaker:

    Mr. Noboyuki Kinoshita, formerly with the Ministry of Finance and the Bank of Japan, is an expert on corporate governance reforms in Japan and their macroeconomic implications. He served as Executive Director at the Bank of Japan from 2010 to 2014. He is currently senior advisor to Aflac (Columbus, GA), a leading supplemental insurance provider in the US and Japanese markets. He regularly presents to academic and professional audience on Japanese macroeconomic policies.

    Cost: Member 20$ and Non-member 25$

    Light buffet lunch and drinks will be served.

    How to register: Please email your name, organization, and title to admin@japansocietycanada.com by Thursday, November 23rd, 2017.

    Thank you for the generous support to



Past events

09 Nov 2017 Dear Etranger 幼な子われらに生まれ
02 Nov 2017 Maternal and Child Health (MCH) Handbook – Born in Japan, Flourishing around the World
18 Oct 2017 Paper-Cutting performance by renowned artist Hayashiya Imamaru
15 Oct 2017 Ottawa Welcomes the World
03 Oct 2017 U. S. ECONOMIC STRATEGY IN ASIA IN THE TRUMP ERA: FROM PIVOT TO ABOUT-FACE?
02 Oct 2017 Walk in Canada, Talk on Japan
30 Sep 2017 Japonica@Momiji
22 Sep 2017 Dismantling Japanese Developmentalism
21 Sep 2017 Film Screening: Ryuichi Hirokawa: Human Battlefield
03 Sep 2017 50th Anniversary Banquet Japanese Canadian Baseball League
15 Aug 2017 The 24th Annual Ambassador's Cup Golf Tournament
24 Jun 2017 Support Our Kids Lakeside Charity Dinner
18 Jun 2017 Toronto Japanese Film Festival Shin Godzilla
11 Jun 2017 Toronto Japanese Film Festival Midnight Diner
31 May 2017 Road of Song and Dance – Women seeking Pure Land in Medieval Japan
03 May 2017 Update on Canadian Energy Industry 2017
27 Apr 2017 SIT DOWN COMEDY WITH KATSURA SUNSHINE
27 Apr 2017 Canadian International Documentary Festival
07 Apr 2017 Nagata Shachu's 18th Annual Concert
30 Mar 2017 JCCC's March Movie Night: The Long Excuse
25 Mar 2017 Momiji Bazaar 2017
21 Mar 2017 Fostering Ontario-Japan Economic Relations
17 Mar 2017 THE AGE OF THREE EMPERORS: THE DIRECTION OF US FOREIGN POLICY AND THE FUTURE OF US-JAPAN RELATIONS
10 Mar 2017 Green Japan: Combining Technological Innovation, Economic Growth and Environmental Sustainability.
03 Mar 2017 Does Privacy Exist in the Age of Big Data?
01 Mar 2017 Geimaruza
24 Feb 2017 Perspective on the Canada-Japan relationship
12 Feb 2017 Rakugo Japanese Traditional Storytelling Performance
24 Jan 2017 38th Annual Bishop White Committee Winter Luncheon
20 Jan 2017 SHOKOKAI 60th Anniversary 2017 New Year's Reception
17 Jan 2017 Is TPP Dead or Alive?
22 Nov 2016 THE AGE OF DISRUPTION
06 Oct 2016 Abenomics: Has it Worked? Will it Fail?
15 Sep 2016 JETRO's OSAKA INDUSTRY SEMINAR - Corporate Growth Opportunities
18 Aug 2016 23rd Ambassador's Cup Golf Tournament

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