Feb 20

Past Event

The Hollowing-Out of Japan’s Economy: Myths, Facts and Countermeasures

Audio

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Summary

The skyrocketing cost of importing energy combined with an uncertain electricity supply, a maze of regulations, a contracting domestic market, and the appreciation of the yen have led the Japanese economy to be in peril of deindustrialization. The hollowing-out of the Japanese industrial base as companies seek new business opportunities through overseas manufacturing has become an issue of pressing concern in the Japanese national debate.

On February 20, the Center for Northeast Asian Policy Studies at Brookings hosted a discussion to address the future of the Japanese economy, whether it will become a high-end manufacturing economy or a post-industrial economy based around services and repatriated income from overseas investment. Presentations examined the extent to which fears of deindustrialization are warranted, the extent of internationalization of Japanese manufacturing activities, and assess possible countermeasures in the areas of deregulation, promotion of inward investment, and the encouragement of innovation.

Event Agenda

  • 1:30

    Introduction and Moderator

  • 1:40

    Panel 1: The Hollowing-Out Debate: Domestic Constraints, Overseas Relocation

    • Portrait: Barry Bosworth

      Barry P. Bosworth

      Senior Fellow, Economic Studies

      The Robert V. Roosa Chair

    • Charles Ernst

      Chief Engineer

      Honda North America Engineering Center

    • Tomohiko Inui

      Professor, College of Economics

      Nihon University

    • Tsunehiko Yanagihara

      Senior Vice President & General Manager

      Mitsubishi International Corp., Washington D.C. Office

    • Discussant: James Fatheree

      Senior Director for Japan and Korea, U.S. Chamber of Commerce

      President, U.S.-Japan Business Council

  • 3:30

    Panel 2: Countermeasures and the Future of the Japanese Economy

    • Jun Saito

      Senior Research Fellow

      Japan Center for Economic Research

    • Ulrike Schaede

      Professor of Japanese Business, School of International Relations and Pacific Studies

      University of California, San Diego

    • Shujiro Urata

      Professor of Economics, Graduate School of Asia-Pacific Studies, Waseda University

      Research Fellow, Japan Center for Economic Research

    • Discussant: Hironori Kawauchi

      Senior Economist, East Asia and Pacific Region

      The World Bank

Details

February 20, 2013

1:30 PM - 5:15 PM EST

Brookings Institution

Falk Auditorium

1775 Massachusetts Avenue NW

Map

For More Information

Brookings Office of Communications

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