The 11th Annual Koret Workshop

A dramatic opening created by the unique strategic outlooks and personalities of Moon Jae-in, Kim Jong Un and Donald Trump instigated a series of highly symbolic summits in the early months of 2018. The process kicked off by those summits has bogged down, however, as the necessary compromises for an agreement between the United States and North Korea have proved elusive. This year's Koret Workshop will therefore invite experts from a variety of areas in order to reflect on what the stumbling blocks have been as well as prospects for overcoming them. Conference participants will work towards better understanding and supporting potential emerging solutions to the persistent conflict on the Korean Peninsula.

The workshop will consist of three sessions:

Session I: Assessments of Summit Diplomacy

Session II: Challenges and Opportunities in Media Coverage

Session III: Prospects and Pitfalls in the Near-Term

This is part 2 of a talk presenting how innovative large Japanese companies are harnessing Silicon Valley. It is a review of the fireside chats and panels presented at the Silicon Valley – New Japan Summit last November at Stanford, which was in Japanese. The talk adds some historical context, and introduces through many of the company cases from the summit, including Panasonic, Fuji Film, Itochu, Rakuten, Obayashi, Nomura Holdings, Sourcenext, Komatsu, SMBC, and Toyota Research Institute.

The current surge of large Japanese companies into Silicon Valley is focused on firms aiming to identify new opportunities to collaborate with the startup ecosystem in order to understand future technological and industry trajectories, to facilitate new forms of “open” innovation within the company, and in some cases to even redefine how to add value to their core offerings. However, given a vast differently economic context from their core operations in Japan, many of the large Japanese firms’ initial forays tend to fall into patterns of “worst practices” that are ineffective. Yet, a small but growing number of innovative Japanese companies are producing novel and valuable collaborations with a variety of Silicon Valley firms, investors, and ecosystem players. The talk will survey a range of strategic options available to Japanese companies, with implications for how to better adapt companies from Japan to Silicon Valley, and more broadly from different political economic systems.

SPEAKER:

Kenji Kushida, Research Scholar, Shorenstein APARC Japan Program and Stanford Silicon Valley-New Japan Project Leader

BIO:

Kenji E. Kushida is the Japan Program Research Scholar at the Shorenstein Asia-Pacific Research Center at Stanford University (APARC), Project Leader of the Stanford Silicon Valley – New Japan Project (Stanford SV-NJ), research affiliate of the Berkeley Roundtable on the International Economy (BRIE), International Research Fellow at the Canon Institute for Global Studies (CIGS), and Visiting Researcher at National Institute for Research Advancement (NIRA). He holds a PhD in political science from the University of California, Berkeley, an MA in East Asian studies and BAs in economics and East Asian studies, all from Stanford University.

Kushida’s research streams include 1) Information Technology innovation, 2) Silicon Valley’s economic ecosystem, 3) Japan’s political economic transformation since the 1990s, and 4) the Fukushima nuclear disaster. He has published several books and numerous articles in each of these streams, including “The Politics of Commoditization in Global ICT Industries,” “Japan’s Startups Ecosystem,” “Cloud Computing: From Scarcity to Abundance,” and others. His latest business book in Japanese is “The Algorithmic Revolution’s Disruption: a Silicon Valley Vantage on IoT, Fintech, Cloud, and AI” (Asahi Shimbun Shuppan 2016).

He has appeared in media including The New York Times, Washington Post, Nihon Keizai Shimbun, Nikkei Business, NHK, PBS NewsHour, and NPR.

He is also a trustee of the Japan ICU Foundation, a fellow of the US-Japan Leadership Program, an alumni of the Trilateral Commission David Rockefeller Fellows, and a member of the Mansfield Foundation Network for the Future.

AGENDA:

4:15pm: Doors open
4:30pm-5:30pm: Talk and Discussion
5:30pm-6:00pm: Networking

RSVP REQUIRED:

Register to attend at http://www.stanford-svnj.org/12819

Labor market duality refers to the coexistence of temporary workers with low dismissal costs and permanent workers with high dismissal costs within the same firms. The prevalence of temporary employment is a common feature in several countries, such as Continental European countries. Further, since the 1980s, the Japanese labor market has been experiencing a substantial increase in temporary jobs. The quality of temporary jobs tends to be lower than that of permanent jobs (e.g., the former includes lesser job security, lower wages, and fewer training opportunities compared to the latter). For this reason, the causes and consequences of widespread temporary employment have both policy and academic implications. To date, most of the research on this topic has focused on the supply side of labor markets (demographic changes in workforce), macroeconomic impacts (business cycles), and labor-market institutions. However, since the majority of temporary workers tends to be involuntary, the demand-side analysis is important, as well. It has rarely been examined how market competition would affect firms’ demand for temporary and permanent labor, particularly within the context of economic globalization.

Our study attempts to fill this gap. By proposing a heterogeneous-firm trade model with a dual labor market, we examine the relations between the demand for temporary and permanent workers and economic globalization. Our model highlights intensified product market competition as a driving force behind the shift in demand from permanent to temporary workers. In addition, our model demonstrates that international outsourcing effectively reduces labor adjustment costs, which decreases the demand for permanent workers. Using industry-level data from the Japanese manufacturing sector, we empirically test the relations between the demand for temporary and permanent workers and economic globalization and find that they support most of our theoretical predictions.

Image

In 2012, as giants such as Facebook, Twitter, and Google began to position themselves as the go-to places to read news, a little-known news app called SmartNews emerged and started gaining popularity in Japan. The SmartNews app has since been dubbed “App of the Year” on Google Play and won the “Best of” award in Apple’s App store, launched US operations in 2014, and now has over 10 million monthly active users in US and Japan.

In the age of fake news and information polarization, SmartNews is working to deliver to users a balanced diet of quality information from trusted journalism sources. The SmartNews news app uses machine learning to deliver curated news from more than 3000 sources and identify fake news. The SmartNews Delivery Algorithm not only considers users’ likes and clicks and other behavior on the app to generate suggestions, but also applies political balancing algorithms to ensure multiple viewpoints are expressed on important topics, and diversification algorithms to help break the filter bubble.

In this public forum, SmartNews Director of Product Management Yuhei Nishioka will talk about SmartNews’ story and growth trajectory, competing in the current news app landscape, and finally, discuss the process and considerations in creating the SmartNews News Delivery Algorithm. Introduction by Rich Jaroslovsky Vice President for Content and Chief Journalist of SmartNews and former Wall Street Journal White House correspondent.

MAIN SPEAKER:

Yuhei Nishioka, Director of Product Management, SmartNews

INTRODUCTION BY:

Rich Jaroslovsky, Vice President for Content and Chief Journalist, SmartNews and former Wall Street Journal White House correspondent

AGENDA:

4:15pm: Doors open
4:30pm-5:30pm: Main Content, followed by discussion
5:30pm-6:00pm: Networking

RSVP REQUIRED:

Register to attend at http://www.stanford-svnj.org/101618-public-forum

PARKING ON CAMPUS:

Please note there is significant construction taking place on campus, which is greatly affecting parking availability and traffic patterns at the university. Please plan accordingly.