Event Report:Macroeconomics

  • December 24, 2015

    Professor Selahattin Imrohoroglu Seminar "Can Guest Workers Solve Japan's Fiscal Problems?"

    The Canon Institute for Global Studies (CIGS) hosted a seminar on December 11, 2015 inviting Professor Selahattin Imrohoroglu, CIGS International Senior Fellow.
  • December 24, 2015

    CIGS Workshop "Financial System and Fund Allocation: Historical Experience and Present Issues" (Mr. Tetsuji Okazaki and Mr. Daisuke Miyakawa)

    On November 30, 2015, CIGS held a workshop of Mr. Tetsuji Okazaki, Research Director of CIGS and Mr. Daisuke Miyakawa, Associate Professor of Hitostubashi University.
  • November 20, 2015

    Mr. Horii spoke at CJEB "Abenomics: Skepticism and Hope"

    Mr. Akinari Horii, Special Advisor/Member of the Board of Directors at the Canon Institute for Global Studies, was invited to the seminar at CJEB (Center on Japanese Economy and Business) and spoke about "Abenomics: Skepticism and Hope."

    Abenomics is now almost three years old, counting from the day Mr. Abe became prime minister. There have been salient improvements in the labor market as well as corporate profitability since its inception. On the inflation front, Japan’s economy exited from deflation although it has yet to reach a stationary state of 2 percent inflation.

    Nevertheless, there is still deep skepticism about Abenomics. Particularly strong in the academics is doubt about the efficacy of BOJ monetary policy, QQE, saying that QQE cannot raise economic growth trend, which is constrained by Japan’s unfavorable demography. Alongside this criticism, risks involved in QQE are also pointed out such as risk of asset price distortions and its implications for speculative bubbles.

    Akinari Horii examines these points and concludes that QQE can influence economic growth by influencing financial asset prices, which in turn influence a wider spectrum of assets like commodities, property, goods and services as well as risk appetite in the economy. On the flipside of this there is a risk of unsustainable bubbles in theory, but at present the risk is low in light of low leverage in the Japanese private sector.

    Akinari also discusses fiscal policy aspects of Abenomics, which he considers to have been successful in terms of economic performance and budget deficit reduction. However, he believes that much more must be done so as to make Japan’s economy stand on a sustainable foundation as well as to minimize risks inherent in aggressive monetary policy.

  • November 19, 2015

    Joint workshop CIGS and HIT-REFINED (Hitotsubashi University) "Economic Measurement on Property Prices and Consumer Prices"

    CIGS held a joint workshop with Institute of Economic Research, Hitotsubashi University on October 16, 2015, under the theme of “Economic Measurement on Property Prices and Consumer Prices.”
  • September 11, 2015

    Dr. Yamashita spoke at FPCJ Press Briefing "The Effects of TPP on Japanese Agriculture"

    Dr. Kazuhito Yamashita, Research Director at the Canon Institute for Global Studies, was invited as a briefer at FPCJ (Foreign Press Center Japan) Press Briefing and spoke about "The Effects of TPP on Japanese Agriculture."

    Negotiations on the Trans-Pacific Partnership (TPP), involving 12 countries including Japan, are reaching the final stages. Although a broad agreement was not made during the ministerial meeting held at the end of July, efforts are continuing to reach an agreement soon. There are some who fear the TPP will have a negative impact on Japanese agriculture, but it could also be a major opportunity for the export of agricultural products. All eyes are on the negotiations as they move towards an agreement.

    The briefing had a total of 41 participants, including 13 journalists from France, Germany, Singapore, Taiwan, etc., and 25 embassy representatives.

  • August 13, 2015

    Professor Cornelia Reiher Seminar "Food Safety in Japan from an Area Studies Perspective"

    The Canon Institute for Global Studies (CIGS) hosted a seminar on July 24, 2015 inviting Ms. Cornelia Reiher, Assistant Professor for Japanese Society in the Graduate School of East Asian Studies at Free University of Berlin (Freie Universität Berlin).
  • July 24, 2015

    Dr. Yamashita gave a lecture on "Agricultural Policy Reform & Free Trade" at the University of Tokyo.

    Dr. Yamashita, Research Director of CIGS, gave a lecture titled “Agricultural Policy Reform & Free Trade” on July 2, 2015 at Graduate School of Public Policy, The University of Tokyo.
  • June 09, 2015

    CIGS Conference on Macroeconomic Theory and Policy 2015

    On May 25 & 26, 2015, CIGS hosted the “CIGS Conference on Macroeconomic Theory and Policy 2015” under the theme of “Growth and Fluctuations with Heterogeneous Firms and Households” where world-leading scholars and researchers in macroeconomics as well as Japanese young researchers gathered for deep discussions.
  • May 29, 2015

    Dr. Yamashita Participates in the symposium "Food Safety and Consumer Advocacy in Japan and East Asia" as a keynote speaker.

    The symposium “Food Safety and Consumer Advocacy in Japan and East Asia” was held on the 18th and the 19th of May 2015 at Japanese-German Center Berlin (Japanisch-Deutsches Zentrum Berlin (JDZB)) in Berlin organized by Freie Universität Berlin (FU) Graduate School of East Asian Studies (GEAS). Dr. Kazuhito Yamashita, Research Director of CIGS, participated in the symposium as a keynote speaker and spoke on the theme “Food Safety and Trade – To Feel Safe or To Be Safe, This is the Question.”
  • April 27, 2015

    CIGS Joint Seminar on Macroeconomics

    The Canon Institute for Global Studies (CIGS) hosted a joint seminar on macroeconomics inviting two International Senior Fellows of CIGS, Professor Selahattin Imrohoroglu and Dr. R. Anton Braun.
  • April 22, 2015

    Dr. Yamashita participated in ICTSD conference "Understanding the interests of agricultural exporting and importing countries"

    The conference on “Understanding the interests of agricultural exporting and importing countries: Towards global rules that promote food security and rural development?” was held on the 19th of March 2015 in Geneva, Switzerland organized by the International Centre for Trade and Sustainable Development (ICTSD), an independent non-profit organization based in Geneva. Dr. Yamashita, Research Director of CIGS, participated in the conference in which he spoke on the theme “Ensuring agricultural markets are efficient, equitable and sustainable: Japan’s experience.”
  • March 05, 2015

    Dr. Yamashita gave a presentation on "Agricultural Policy Reform & Free Trade" at the Brookings Institution.

    An event called “the sushi-club” was held at the Brookings Institution, a think tank in Washington DC on February 20th, 2015. This event was organized by Dr. Mireya Solís, a senior fellow and the Philip Knight Chair in Japan Studies at the Brookings Center for East Asia Policy Studies. To researchers of Japan studies attending the event, Dr. Yamashita, Research Director of CIGS, gave a presentation titled “Agricultural Policy Reform & Free Trade.”
  • January 29, 2015

    Professor Kiminori Matsuyama Seminar "Globalization and Synchronization of Innovation Cycles"

    The Canon Institute for Global Studies (CIGS) hosted a seminar on January 14, 2015 inviting Professor Kiminori Matsuyama, Department of Economics, Northwestern University.
  • January 23, 2015

    End of Year Macroeconomics Conference

    CIGS hosted "End of Year Macroeconomics Conference" where academics, researchers and practitioners outside and inside Japan were gathered to discuss macroeconomics theories and policies.
  • December 25, 2014

    International Symposium "Towards a New Global Economic Order - Which implications for firms, workers, and governments?

     In the wake of the global crisis, a process of negotiation of region-wide free trade agreements (FTAs) has taken place and is currently accelerating with a number of projects such as TPP, EU-Japan FTA, EU-US FTA, among many others. This process is partly in continuity with previous bilateral FTAs and takes place in a broader framework of free trade defined by the World Trade Organization (WTO). It is a rupture because not only of the scale and comprehensive nature but also of its definition of a new international division of labour.
     The purpose of this symposium is to analyse the prospects of this trend for Japanese and European economies from the viewpoints of businesses, workers and governments. Businesses may enjoy great benefits, which should not lead us to ignore the worries and fears of some workers, for this change in economic environment may give an asymmetrical impact on incomes distributions. These new conditions of international trade and investment will also have implications for domestic policies both macro and micro levels as well as international policy coordination.
     Academics, business people and policy makers from Japan, Germany and France met in Tokyo to discuss these topics of today.