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.
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