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This paper is examines the evolution of Japan’s capital markets and the related regulatory reforms after the Global Financial Crisis. We start by looking at the importance of capital markets in the Japanese financial system. We study how the size of financial flows through capital markets relative to those through the banking sector changed since the 1980s in Section 2. Then, in Section 3, we look at how Japan’s financial system responded to the Global Financial Crisis. We find that the disruption of the financial system in Japan was small. Section 4 then surveys the financial regulatory changes in Japan since the Global Financial Crisis. While the Japanese regulators tightened the regulation to improve the financial stability as the regulators in the U.S. and Europe did, they also continued the efforts to develop capital markets in Japan. The efforts continue and receive strong endorsement from Abenomics, which put an emphasis on economic structural reform to restore growth in Japan. We examine the capital market policies in Abenomics in Section 5. Section 6 concludes.

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World Scientific in International Economics
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Takeo Hoshi
Ayako Yasuda
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This conference aims to further our understanding of the institutional cultures, funding schemes and power structures underlying transnational institutions, with a particular focus on heritage bureaucracies. We bring together scholars working at the intersection of archaeology, anthropology, sociology and law to offer a broader understanding of the intricacies of multilateral institutions and global civic society in shaping contemporary heritage governance. Speakers will provide ethnographic perspectives on the study of international organizations, such as the UN and EU, in an effort to show the entanglement of political and technical decision-making.

A 2-day international conference organized by Claudia Liuzza and Gertjan Plets.

Speakers:

Brigitta Hauser-Shäublin (Institute of Ethnology, Göttingen University)
Ellen Hertz (Institute of Ethnology, University of Neuchâtel)
Miyako Inoue (Department of Anthropology, Stanford University)
Claudia Liuzza (Department of Anthropology, Stanford University)
Brigit Müller (Ecole des Hautes Etudes en Sciences Sociales, Paris)
Elisabeth Niklason (Department of Archeaology, Stockholm University)
Gertjan Plets (Stanford Archaeology Center, Stanford University)
Cris Shore (Department of Anthropology, The University of Auckland)
Ana Vrdoljak (Department of Law, University of Technology, Sydney)

Co-sponsored by Stanford Archaeology Center, Cantor Arts Center, Department of Anthropology, Center for Russian, East European & Eurasian Studies, Stanford Humanities Center, The Europe Center, France-Stanford Center for Interdisciplinary Studies, The Mediterranean Studies Forum.

Contact: heritagebur@gmail.com

Heritage Bureaucracies Conference Flyer
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Stanford Archaeology Center (BLDG 500)
488 Escondido Mall
Stanford Universit

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heritage bureaucracies

This conference aims to further our understanding of the institutional cultures, funding schemes and power structures underlying transnational institutions, with a particular focus on heritage bureaucracies. We bring together scholars working at the intersection of archaeology, anthropology, sociology and law to offer a broader understanding of the intricacies of multilateral institutions and global civic society in shaping contemporary heritage governance. Speakers will provide ethnographic perspectives on the study of international organizations, such as the UN and EU, in an effort to show the entanglement of political and technical decision-making.

A 2-day international conference organized by Claudia Liuzza and Gertjan Plets.

Speakers:

Brigitta Hauser-Shäublin (Institute of Ethnology, Göttingen University)
Ellen Hertz (Institute of Ethnology, University of Neuchâtel)
Miyako Inoue (Department of Anthropology, Stanford University)
Claudia Liuzza (Department of Anthropology, Stanford University)
Brigit Müller (Ecole des Hautes Etudes en Sciences Sociales, Paris)
Elisabeth Niklason (Department of Archeaology, Stockholm University)
Gertjan Plets (Stanford Archaeology Center, Stanford University)
Cris Shore (Department of Anthropology, The University of Auckland)
Ana Vrdoljak (Department of Law, University of Technology, Sydney)

Co-sponsored by Stanford Archaeology Center, Cantor Arts Center, Department of Anthropology, Center for Russian, East European & Eurasian Studies, Stanford Humanities Center, The Europe Center, France-Stanford Center for Interdisciplinary Studies, The Mediterranean Studies Forum.

Contact: heritagebur@gmail.com

Stanford Archaeology Center (BLDG 500)
488 Escondido Mall
Stanford University

Workshops
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This half-day symposium will bring together scholars and practitioners to reconsider Taiwan's prospects for entry into the Trans-Pacific Partnership in light of the conclusion of negotiations in October 2015 and the election of a new president and legislature in Taiwan in January 2016. It will revisit the themes and conclusions of the Taiwan Democracy Project's 2013 annual conference.

9:00-9:15am: Introductions

9:15-11:00am. Panel 1: The Politics of Trade and Development in Taiwan

Stephen Tan, Vice President of the Cross-Strait Policy Association, Taipei

Kristy Hsu, Director, Taiwan ASEAN Studies Center, Chung Hua Institution for Economic Research, Taipei

Chung-ming Kuan, Chair Professor, Department of Finance and Director of CRETA at National Taiwan University, and former Minister of the National Development Council

Hung-mao Tien, President of the Institute for National Policy Research, and former Minister of Foreign Affairs, Taiwan

11:00-11:15. Break

11:15-12:45. Panel 2: International Perspectives on the TPP: Implications for Regional Development and Geopolitics

Vinod Aggarwal, Professor of Political Science and Faculty Affiliate of the Center for East Asian Studies, UC Berkeley

Nicholas Hope, Director of the China Program at the Stanford Center for International Development

Thomas Gold, Professor of Sociology and Faculty Affiliate of the Center for East Asian Studies, UC Berkeley

 

Audio Recording

 

CISAC Central Conference Room

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Stanford students worked together to pitch marketing ideas to a major Japanese airline at an event last Tuesday. The event, called an “ideathon,” is part of a series of events seeking to strengthen the U.S.-Japan relationship through exchange of ideas.

The ideathon was the first of its kind at the Shorenstein Asia-Pacific Research Center, led by the Japan Program under the rubric of the Stanford Silicon Valley-New Japan Project (SV-NJ). The project is supported in part by All Nippon Airways (ANA), the Japanese airline featured at the event.

Nineteen students participated, from both undergraduate and graduate levels and across disciplines – including students from the Graduate School of Business, and other majors including economics, mathematics, computer science, philosophy and East Asian studies.

Placed on a team with others they had just met, students were encouraged to assemble quickly and generate solutions to the challenge: how can ANA strengthen its brand awareness in the United States?

ANA is seeking to double in size in the next three years, yet it faces a few obstacles in this endeavor, including a customer base that is mostly in Japan and low brand visibility internationally, according to a senior employee that presented at the event.

“Who had heard of ANA before this event?” asked Hiroyuki Miyagawa, a marketing executive at ANA. Few hands raised in the audience.

Organized into four teams, each student team was joined by an ANA employee who listened in and offered guidance and a chance to learn from a longtime practitioner.

One and a half hours later, with Post-it notes and scribbled diagrams sprinkled across tables, each team emerged ready to present their 3-minute pitch to a panel of judges. The panel included executives from ANA, the World Innovation Lab (WiL), a venture capital firm in Palo Alto, and bTrax, a San Francisco based design firm.

Below are a few pictures from the event.


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ideathon team three

Team Three acts out a skit.  |  They proposed that ANA establish lounges for the general public to gather in and purchase goods from Uniqlo and Muji, two Japanese lifestyle retailers. The lounges would offer a place to reinforce ANA's brand outside of the airport, they said.


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ideathon team four

Team Four puts their heads together to generate ideas.  |  In their pitch, the team noted that baseball is a popular sport among Americans and Japanese. They recommended baseball be a focus of the marketing campaign, and said television and social media would best reach the target audience.


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ideathon team five

Team Five explains their marketing approach.  |  Flying can lead to some unpleasant experiences, and a way ANA can set itself apart is to make those experiences manageable, and even enjoyable, they said. Their proposal was to bring new amenities to the in-flight experience such as a care package for people who sit in the middle seat.


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ideathon team one

Team One poses for a picture after their presentation.  |  In their pitch, they recommended using ANA’s association with Japan to differentiate from other global airlines. Their approach included creating a film that features an American celebrity traveling on ANA.


The winning team was Team One whose concept was to use a celebrity figure – Ellen DeGeneres – in their advertising. They said that the target audience could relate to DeGeneres, and her already-established following would be an advantage.

The judges commended Team One for the creativity of their idea and its level of feasibility. Team One consisted of students Yaqian Fan, Michael Hong, Sam Ide, Lu Li and Adelbert Tan.

Kenji Kushida, a Stanford alumnus and project leader of SV-NJ, said:

“When I was a student, I craved for an opportunity to brainstorm solutions to real-world challenges and to do it in an environment that provided instant feedback,” he said, “We were able to make that happen here with the support of ANA and WiL, and are thrilled with the outcome."

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The Korea Program at Stanford’s Walter H. Shorenstein Asia-Pacific Research Center is soliciting papers for the Koret Workshop on Globalization, Innovation and Culture in Korea at Stanford University.

South Korea has become an economic powerhouse, but faces multiple challenges. To maintain its dynamism and growth in the increasingly innovation-driven global knowledge economy, Korea needs to turn its attention to the more social, cultural and educational aspects of development.

Of paramount importance is the ability to welcome and embrace difference and creativity, upgrade pertinent social values of cultural diversity and social tolerance, promote innovation and effectively reflect and transmit such values through institutions. The conference will be interdisciplinary, problem-oriented and policy-relevant. A broad range of questions and approaches are welcomed, particularly those that address main challenges Korea will face going forward.

Possible research topics include:

• Higher education, cultural diversity and development.

• Social cohesion beyond nationalism and multiculturalism.

• Entrepreneurial culture and innovation.

• Causes and consequences of rising inequality.

• Demographic changes, skilled foreign labor and education/work culture.

The conference will be held on April 22, 2016 at Stanford University. Beyond research presentations, the conference also aims to foster connections among scholars with common interests. Travel (domestic or international economy class) and hotel costs as well as a modest honorarium will be covered for the presenters.

Papers may be submitted for consideration in a PDF file (6,000-8,000 words) to Yong Suk Lee by email at yongslee@stanford.edu. The submission deadline is Jan. 31, 2016.

The Koret Workshop is organized by the Korea Program to bring together an international panel of experts in Korean affairs. The Korea Program established the Koret Fellowship in 2008 with generous funding from the Koret Foundation

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hwy chang moon
Today, Korea is renowned for its remarkable economic growth and its globally-recognized companies that include Samsung, Hyundai and POSCO. Given that Korea was one of the world’s poorest countries a mere 50 years ago, many people call Korea’s rapid economic development “a miracle.” However, when Korea’s road to economic prosperity is analyzed, several key factors that led to this growth can be identified. Professor Moon will explain these fundamental factors and provide perspective on how Korea can sustain this growth going forward.

Hwy-Chang Moon is a visiting professor in the Korea Program for the 2015 academic year and is currently teaching a course on Korean economy and business through the Center for East Asian Studies at Stanford University. Moon is a professor at Seoul National University, where he also served as the Dean of Graduate School of International Studies. He has delivered special lectures at various institutions, and has consulted several multinational companies and governments (e.g., Malaysia, Dubai, Azerbaijan and the Guangdong Province of China).

Moon is the editor-in-chief of the Journal of International Business and Economy, and has published numerous articles and books on topics covering international business strategy, cross-cultural management and Economic Development in East Asia with a focus on South Korea.

Moon received a PhD from the University of Washington, and has previously taught at the University of Washington, University of the Pacific, State University of New York at Stony Brook, Helsinki School of Economics, Keio University, and Hitotsubashi University.

 
The Strategy for Korea's Economic Success
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Encina Hall E301616 Serra StreetStanford, CA 94305-6055
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Hwy-Chang Moon has joined the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) for the 2015-2016 academic year. During his time at Shorenstein APARC, he will be working on a research project entitled, “The Global Strategy of Korean Firms in Silicon Valley," and will also teach a course on Korean economy and business in the fall quarter.

Moon is a professor of international business strategy at the Graduate School of International Studies (GSIS), Seoul National University, where he also served as the dean of GSIS.

Professor Moon is the editor-in-chief of the Journal of International Business and Economy, and has published numerous articles and books on topics covering international business strategy, cross-cultural management and economic development in East Asia with a focus on South Korea. He frequently provides his perspectives on global economy and business through interviews and televised debates, and his writings appear regularly in South Korean newspapers. The New York Times and NHK World TV have also asked for his perspectives on these topics.

Professor Moon received a PhD from the University of Washington, and has previously taught at the University of Washington, University of the Pacific, State University of New York at Stony Brook, Helsinki School of Economics, Keio University, and Hitotsubashi University. He has also consulted several multinational companies, international organizations, and governments (e.g., Malaysia, Dubai, Azerbaijan, and the Guangdong Province of China).

Visiting Professor
<i>Professor, Seoul National University</i>
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