Past Forum

Japan-US Forum 2022More Pictures

Theme	Disrupted Global Order: Implications for U.S.-Japan Cooperation
Date	January 11, 2023
Venue	Center for Strategic and International Studies (CSIS), Washington DC
Co-host	Center for Strategic and International Studies (CSIS) Japan Economic Foundation（JEF）

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JEF channel

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Presentation Panel 1 Bonji Ohara
Panel 2 Kiyotaka Morita
Panel 3 Naoko Doi

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Japan-US Forum 2021 (Washington D.C.) Online Symposium

Japan-US Forum 2021More Pictures

Theme	How should the US-Japan Alliance take leadership to avoid decoupling of the world economy during a time of US-China conflict, and deepening of the confrontation between authoritarianism and democracy?
Date	January 11, 2022
Venue	Online
Co-host	Johns Hopkins University, School of Advanced International Studies (SAIS) Japan Economic Foundation

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Japan-US Forum 2020 (Chicago) Online Symposium

usforum2020
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Theme	The Global Economy and the New International Economic Order: Perspectives from Japan and the US
Date	January 15, 2021
Venue	Online
Co-host	The Chicago Council on Global Affairs (CCGA） Japan Economic Foundation

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PresenationToshihiro Nakayama Ulrike Schaede Takehiko Nakao

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Japan-US Forum 2019

Theme	The United States and Japan in Globalizing World
Date	May 17, 2019
Venue	SAIS BOB Building Room 500, 1717 Massachusetts Avenue, NW, Washington, DC
Co-host	Johns Hopkimgs University, School of Advanced International Studies (SAIS) Japan Economic Foundation

usforum2018

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PresenationNaoyuki Yoshino Soichiro Sakuma

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2018 US-Japan Forum

usforum2017 Japan-US Forum 2018More Pictures

Theme	Challenges for the GlobalEconomy and a Better Globalization
Date	9:00am - 5:30pm, Friday, 25 May 2018
Venue	Stein Room, The Brookings Institution, 1775 Massachusettes Ave, NW, Washington DC
Co-host	The Brookings Institution Japan Economic Foundation

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Presentation MaterialsSession 1 Jonathan Ostry
Session 2 Mayumi Fukuyama
Session 3 Amar Bhattacharya

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2017 Japan-US (JEF - APARC) Forum

usforum2017
Japan-US Forum 2016More Pictures

Theme	Economic Policy Challenges in the US and Japan
Date	10:00am - 5:15pm, Friday, 2 Jun 2017
Venue	Bechtel Conference Center, Encina Hall, Stanford University
Co-host	Asia Pacific Research Center (APARC), Stanford University Japan Economic Foundation

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Presentation MaterialsNicholas Bloom
Ito Takatoshi
Kobayashi
Okada
Tanaka

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The full text of a reportJEF - APARC Forum

Friday, June 3, 2016

Date	Friday, June 3, 2016
Venue	Center for American Progress (CAP), Washington DC, USA
Co-hosted	Japan Economic Foundation (JEF) Center for American Progress (CAP)

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usforum2016
Japan-US Forum 2016More Pictures

Program Center for American Progress JEF

The Global Economy and the US-Japan Alliance: Charting a Course for Next US Administration and Prime Minister Abe's Road to 2020

The US-Japan Forum aims to identify constraints on sustainable economic growth in the United States, Japan, and the world, and policies to confront these impediments. At a time of great uncertainty in the global economy, the 2016 Forum will address urgent issues such as income inequality, stagnant wage growth, structural impediments to growth, and other factors that impact both the United States and Japan, as well as the rest of the world. The Forum will also explore the implications of these economic, social and political challenges for international relations in the Asia-Pacific and globally, and for the US-Japan alliance.

Welcome and Opening RemarksNeera Tanden, President and CEO, CAP
Kazumasa Kusaka, Chairman and CEO, JEF

Session One: Domestic and International Economic UncertaintiesJapanese presenter
Masaaki Tanaka; Senior Advisor, The Bank of Tokyo-Mitsubishi UFJ; Vice-Chair, Board of Councilors, US-Japan Council
Presentation

US presenter
Paula Stern, Founder and Chair, The Stern Group; Former Chairwoman of the US International Trade Commission

Questions
* What are the trends for the global economy? How will they affect the United States and Japan?
* What is the outlook for the domestic economies of the United States and Japan?
* How will the challenge of rising inequality impact sustainable growth in the United States and Japan?
* What are the available policy options to respond to these challenges?

Session Two: Domestic PoliticsUS presenter
John Halpin; Senior Fellow, CAP
Japanese presenter
Keiichiro Kobayashi; Professor, Faculty of Economics, Keio University
Presentation

Questions
* What is the outlook for domestic politics in Japan and the United States through 2020?
* How will domestic politics impact sustainable economic growth in the United States and Japan?
* How will current and emerging domestic constraints and structural impediments, such as inequality and depopulation (in the case of Japan), define our future?
* How will domestic politics impact foreign policy in Japan and the United States?

Moderator
Hideichi Okada, Executive Advisor, NEC Corporation; Former Vice Minister for International Affairs, METI of Japan

Session Three: Political-Economy of the Asia-PacificJapanese presenter
Hideichi Okada, Executive Advisor, NEC Corporation; Former Vice Minister for International Affairs, METI of Japan
Presentation

US presenter
Nirav Patel, President and CEO, The Asia Group

Questions
* What are the trends in the political-economy of the Asia-Pacific?
* What is China's economic future? How will a Chinese slowdown impact international relations?

Moderator
Glen S. Fukushima, Senior Fellow, CAP

Session Four: US-Japan Regional and Global CooperationUS presenter
Vikram Singh, Vice President, National Security and International Policy, CAP

Japanese presenter
Yoriko Kawaguchi; Professor, Meiji Institute for Global Affairs, Meiji University; Former Member of the House of Councilors of Japan; Former Minister of Foreign Affairs; Former Minister of the Environment
Presentation

Questions
* What should be the agenda for US-Japan cooperation over the coming four years? How will it be impacted by domestic and international economic developments?
* How should the United States and Japan prioritize cooperation globally versus in the Asia-Pacific?

Moderator
Naoyuki Haraoka, Executive Managing Director, JEF

Wrap-Up and Closing RemarksNeera Tanden, President and CEO, CAP
Kazumasa Kusaka, Chairman and CEO, JEF

Agenda

ParticipantsFriday, June 3, 2016List

2017. JULY 2016. JUNE 2015. SEPTEMBER 2014. DECEMBER 2013. OCTOBER 2013. FEBRUARY 2011. NOVEMBER 2010. OCTOBER 2010. JANUARY 2008. DECEMBER 2007. NOVEMBER 2006. OCTOBER 2006. JULY 2005. SEPTEMBER 2004. MAY 2003. OCTOBER

Friday, September 25, 2015

Date	Friday, September 25, 2015
Venue	Stein Room, The Brookings Institution, 1775 Massachusetts Avenue, NW, Washington, DC 20036-2103
Sponsors	Japan Economic Foundation (JEF) Brookings Institution, Global Economy and Development Program

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Participants
Summary

TopicsJapan-US Forum 2015
"Uncertain Prospects and Policy Challenges for the Global Economy"

9:30am - 10:00am Welcome and Opening RemarksKemal Derviş, Vice President and Director, Global Economy and Development, Brookings Institution
Kazumasa Kusaka, Chairman and CEO, Japan Economic Foundation

10:00am - 11:45am Session 1: Challenges to the global economy - Perspectives on advanced economies including US and JapanModerator
Kemal Derviş, Vice President and Director, Global Economy and Development, Brookings Institution

Panel
John Lipsky, Distinguished Visiting Scholar, School of Advanced International Studies, Johns Hopkins University; Former First Deputy Managing Director, IMF
Martin Baily, Senior Fellow, Economic Studies, Brookings Institution
Takeo Hoshi, Professor, Stanford University
Presentation
Yasuyuki Sugiura, President and CEO, Mitsubishi Corporation (Americas)
Hideo Suzuki, Former Director-General of Trade Policy Bureau, Ministry of Economy, Trade and Industry (METI)
Presentation

12:00pm - 1:00pm Lunch

1:00pm - 2:30pm Session 2: Challenges to the global economy - Perspectives on developing economies including China and IndiaModerator
Takeo Hoshi, Professor, Stanford University

Panel
Ayhan Kose, Director, Development Prospects Group, The World Bank
Naoyuki Yoshino, Dean, Asian Development Bank Institute; Professor Emeritus, Keio University
Presentation
Rakesh Mohan, Executive Director, IMF
David Dollar, Senior Fellow, Foreign Policy, and Global Economy and Development, Brookings Institution

2:30pm - 2:45pm Coffee Break

2:45pm - 4:15pm Session 3: Challenges of climate change and energyModerator
Amar Bhattacharya, Senior Fellow, Global Economy and Development, Brookings Institution

Panel
Yoriko Kawaguchi, Professor at Meiji Institute for Global Affairs; Former Minister for Foreign Affairs; Former Minister of the Environment, Government of Japan
Charles K. Ebinger, Senior Fellow, Energy Security and Climate Initiative, Brookings Institution
Timmons Roberts, Nonresident Senior Fellow, Global Economy and Development, Brookings Institution; Professor, Brown University.

4:15pm - 4:30pm Closing RemarksKazumasa Kusaka, Chairman and CEO, Japan Economic Foundation
Amar Bhattacharya, Senior Fellow, Global Economy and Development, Brookings Institution

Agenda

ParticipantsFriday, September 25, 2015List

Tuesday, September 30, 2014

Date	Tuesday, September 30, 2014
Venue	Rome Auditorium, The Benjamin T. Rome Building 1619 Massachusetts Avenue NW, Washington, DC 20036, USA
Sponsors	Japan Economic Foundation (JEF) The Edwin O. Reischauer Center for East Asian Studies, The Johns Hopkins University Paul H. Nitze School of Advanced International Studies (SAIS)

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Participants
Summary

TopicsJapan-US Forum 2014
Where is the US-Japan Alliance Heading for in the Dynamically Changing 21st Century?

-How do domestic politics in the US and Japan deal with those challenges?-

Opening RemarksDean Vali Nasr, Johns Hopkins School of Advanced International Studies (SAIS)

Conceptual Introduction: "The Challenge of Constraints"Kazumasa Kusaka, Chairman and CEO, Japan Economic Foundation (JEF)
Kent Calder, Director of Edwin O. Reischauer Center for East Asian Studies, SAIS

Session I: Changing World Geopolitics and New ConstraintsPanel I: EnergyPresider
Kent Calder, Director of Edwin O. Reischauer Center for East Asian Studies, SAIS

Speakers
Nobuo Tanaka, Former Executive Director, The International Energy Agency (IEA); Global Associate for Energy Security and Sustainability, Institute of Energy Economics, Japan (IEEJ)
Presentation

Guy Caruso, Senior Adviser, Energy and National Security Program, Center for Strategic and International Studies (CSIS)
Presentation

Panel II: SecurityPresider
Ambassador Ichiro Fujisaki, President, The America-Japan Society; Former Ambassador of Japan to the United States

Speaker
Eliot A. Cohen, Robert E. Osgood Professor of Strategic Studies, Director of the Strategic Studies Program at SAIS; Former Counselor of the U.S. Department of State

Panel III: The Role of AsiaPresider
Ambassador Rust M. Deming, Adjunct Professor, SAIS; Former Ambassador of the United States to Tunisia; Director of the Office of Japanese Affairs in the Department of State; Principal Deputy Assistant Secretary for East Asian and Pacific Affairs

Speaker
Charles Morrison, President, East-West Center
Presentation

Panel IV: The Role of the United StatesPresider
Ambassador Ichiro Fujisaki, President, The America-Japan Society; Former Ambassador of Japan to the United States

Speaker
James Zumwalt, Deputy Assistant Secretary of State, Bureau of East Asian and Pacific Affairs, U.S. Department of State

LuncheonPresentation Topic
"A House Divided? Foreign Policy Implications of the 2014 Mid-Term Elections"

Speaker
Daniel Bob, Former Senior Adviser, Senate Finance and House Foreign Affairs Committees; Director of Programs and Senior Fellow, Sasakawa Peace Foundation, USA

Session II: Challenges of Global Political EconomyPanel I: Macro-Economy and International FinancePresider/Speaker
Naoyuki Yoshino, Dean, Asian Development Bank Institute (ADBI); Professor Emeritus of Keio University, Tokyo, Japan
Presentation

Speaker
Robert Dohner, Deputy Assistant Secretary for Asia, United States Department of the Treasury

Panel II: TradePresider
Hideichi Okada, Senior Executive Vice President, NEC Corporation
Presentation

Speakers
Gary Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics
Bill Brooks, Adjunct Professor, SAIS; Senior Adviser Reischauer Center for East Asian Studies

Panel III: Structural Reform and Its Global Context Presider
Kazumasa Kusaka, Chairman and CEO, Japan Economic Foundation (JEF)

Speaker
Kurt Tong, Principal Deputy Assistant Secretary, Bureau of Economic and Business Affairs, United States Department of State

Closing RemarksKazumasa Kusaka, Chairman and CEO, Japan Economic Foundation (JEF)
Kent Calder, Director of Edwin O. Reischauer Center for East Asian Studies, SAIS

ParticipantsTuesday, September 30, 2014List

Wednesday, October 2, 2013

Date	Wednesday, October 2, 2013
Venue	Room 1501, International Affairs Building, Columbia University 420 West 118th Street, New York, NY 10027 U.S.A.
Sponsors	The Japan Economic Foundation (JEF) The Center on Japanese Economy and Business, Columbia Business School The Center for Japanese Legal Studies, Columbia Law School

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Participants
Summary

Topics"State Intervention and Private Enterprise: Japan, the U.S., and China"

2:00 - 2:10 Welcoming RemarksHugh Patrick, R.D. Calkins Professor of International Business Emeritus and Director, Center on Japanese Economy and Business, Columbia Business School; Co-Director, APEC Study Center, Columbia University

Kazumasa Kusaka, Chairman and CEO, Japan Economic Foundation

2:10 - 2:50 Panel I: United StatesSpeakers
Gary Clyde Hufbauer, Reginald Jones Senior Fellow, Peterson Institute for International Economics
Presentation

Discussants
Christopher J. Mayer, Paul Milstein Professor of Real Estate, Columbia Business School;
Roger Kubarych, International Adviser, Craig Drill Capital; Former National Intelligence Manager, National Intelligence Council

Moderator
Merit E. Janow, Dean; Professor of Professional Practice, International Economic Law & International Affairs, School of International and Public Affairs, Columbia University

2:50 - 3:30 Panel II: ChinaSpeaker
Yasheng Huang, International Program Professor in Chinese Economy and Business; Professor of Global Economics and Management, MIT Sloan School of Management
Presentation

Discussant
Long Ke, Senior Fellow, Economic Research Center, Fujitsu Research Institute
Presentation

Moderator
Curtis J. Milhaupt, Parker Professor of Comparative Corporate Law; Director of the Parker School of Foreign and Comparative Law; Fuyo Professor of Japanese Law; Director of the Center for Japanese Legal Studies, Columbia Law School

3:30 - 4:10 Panel III: JapanSpeaker
Kazuhiko Toyama, Representative Director and CEO, Industrial Growth Platform, Inc.
Presentation

Discussants
Sota Kato, Professor, International University of Japan; Senior Fellow, Tokyo Foundation;
Presentation

Edward Lincoln, Professorial Lecturer, George Washington University; Adjunct Professor of Economics, Department of Economics, Columbia University

Moderator
Alicia Ogawa, Senior Advisor, Center on Japanese Economy and Business, Columbia Business School; Adjunct Associate Professor, School of International and Public Affairs, Columbia University

4:10 - 4:25 Coffee Break

4:25 - 5:25 RoundtableU.S. Panel
Gary Clyde Hufbauer
Christopher J. Mayer

China Panel
Yasheng Huang
Long Ke

Japan Panel
Kazuhiko Toyama
Kazumasa Kusaka, Chairman and CEO, Japan Economic Foundation

Moderator
Hugh Patrick

5:25 - 5:30 Closing RemarksCurtis J. Milhaupt

ParticipantsWednesday, October 2, 2013List

Thursday, February 14, 2013

Date	Thursday, February 14, 2013
Venue	The Cato Instiute 1000 Massachusetts Avenue NW Washington, D.C.2001-5403 U.S.A.
Sponsors	Japan Economic Foundation (JEF) The Cato Institute (Cato)

Topics
Participants
Summary

Topics"U.S. - Japan Economic Relations in an Era of Political Uncertainty, Sluggish Growth, and Shifting Demographics"
A Joint Conference sponsored by the Japan Economic Foundation and the Cato Institute

Introductory RemarksJohn A. Allison, President and CEO, Cato Institute
Noboru Hatakeyama, Chairman and CEO, Japan Economic Foundation

Keynote SpeakerClayton Yeutter, Senior Advisor, Hogan Lovells

Session I: Assessments of the Economic and Political Climates in the United States and Japan: Implications for the Bilateral RelationshipSpeakers
Makoto Utsumi, President and CEO, Japan Credit Rating Agency
Arthur Alexander, Adjunct Professor, Asia Studies Program, Georgetown University
Presentation
Gary Hufbauer, Senior Fellow, Peterson Institute
Discussion Facilitator: Amb. Terry Miller, Director, Center for International Trade and Economics, Heritage Foundation

Session II: Global Macroeconomic and Other External Influences Likely to Impact the U.S.-Japan RelationshipSpeakers
Takashi Shiraishi, President, National Graduate Institute for Policy Studies
Phil Levy, Associate Professor of Business Administration, University of Virginia, Darden Graduate School of Business
Presentation
Derek Scissors, Senior Research Fellow, Asia Studies, Heritage Foundation
Discussion Facilitator: Sallie James, Trade Policy Analyst, Cato Institute

Lunch and Luncheon Speaker
Jim Kolbe, Senior Adviser, McLarty Associates and Senior Transatlantic Fellow, German Marshall Fund of the United States

Session III: Prospects for and Impediments to Trade Agreements and Other Bilateral or Regional Forms of CooperationSpeakers
Kazumasa Kusaka, Adviser, Mitsubishi Electric Corporation; Former Vice Minister for International Affairs, METI
Presentation
Wendy Cutler, Assistant U.S. Trade Representative for Japan, Korea and APEC Affairs, Office of the U.S. Trade Representative
William Brooks, Adjunct Professor, Japan Studies, SAIS, Johns Hopkins University
Presentation
Discussion Facilitator: Dan Ikenson, Director, Herbert A. Stiefel Center for Trade Policy Studies, Cato Institute

Session IV: New and Heterodox Ideas for Cooperation and Economic GrowthSpeakers
Noboru Hatakeyama, Chairman and CEO, Japan Economic Foundation
Jim Fatheree, Senior Director, Japan and Korea, President, US-Japan Business Council, U.S. Chamber of Commerce
Adam Posen, President, Peterson Institute
Discussion Facilitator: Claude Barfield, Resident Scholar, American Enterprise Institute

Closing Remarks
Noboru Hatakeyama, Chairman and CEO, Japan Economic Foundation
John A. Allison, President and CEO, Cato Institute

ParticipantsThursday, February 14, 2013List

Wednesday, November 16, 2011

Date	Wednesday, November 16, 2011
Venue	The Ritz Carlton Chicago Hotel, The Concorde Room, 12F 160 East Pearson Street Chicago IL 60611 U.S.A.
Sponsors	Japan Economic Foundation (JEF) The Chicago Council on Global Affairs (CCGA)

Topics
Participants
Summary

Topics"SHAPING NEW ECONOMIC AGENDAS"
The Chicago Council on Global Affairs and Japan Economic Foundation Seminar

WELCOME REMARKSMarshall M. Bouton, President, The Chicago Council on Global Affairs

SESSION I: Regaining Economic Growth in Developed EconomiesThe Situation and Outlook for the U.S., Japan and the EU

Chair - Michael H. Moskow, Vice Chairman and Senior Fellow on the Global Economy, The Chicago Council on Global Affairs

-15 minute overview - Japanese Perspective: Naohiro Yashiro, Visiting Professor, International Christian University
Presentation
-15 minute overview - U.S. Perspective: Martin Eichenbaum, Co-Director, Center for International Economics and Development, Northwestern University
-1 hour group discussion

SESSION II: Emerging Market Growth Prospects and TrendsChair - Marshall M. Bouton, President, The Chicago Council on Global Affairs

-15 minute overview - Japanese Perspective: Long Ke, Senior Research Fellow, Fujitsu Research Institute, Economic Research Center
Presentation
-15 minute overview - U.S. Perspective: David Hale, Chairman, David Hale Global Economics
-45 minute group discussion

Paper

SESSION III: Identifying New Sources of GrowthAgenda Items for the 2012 Chicago G8 Summit

Chair - Noboru Hatakeyama, Chairman and CEO, Japan Economic Foundation

-15 minute overview - Japanese Perspective: Michitaka Nakatomi, Principal Trade Negotiator, Trade Policy Bureau, METI; Senior Fellow, RIETI
Presentation
-15 minute overview - U.S. Perspective: P. Zachary Egan, Director of International Research and Co-Portfolio Manager, Colombia Wanger Asset Management
-1 hour group discussion

CONCLUDING DISCUSSION
U.S. Cochair - Michael H. Moskow, Vice Chairman and Senior Fellow on the Global Economy, The Chicago Council on Global Affairs
Japan Cochair - Noboru Hatakeyama, Chairman and CEO, Japan Economic Foundation

CLOSING REMARKS
Marshall M. Bouton, President, The Chicago Council on Global Affairs

ADJOURNMENT

ParticipantsWednesday, November 16, 2011List

Monday, October 25, 2010

Date	Monday, October 25, 2010
Venue	Washington DC, USA C Fred Bergsten Conference Center 1750 Massachusetts Avenue, NW Washington, DC 20036
Sponsors	Japan Economic Foundation Peterson Institute for International Economics (PIIE)

Topics
Participants
Summary
Chairman's Speech

Topics"A Trans Pacific Partnership and the Future of the Asia Pacific Region"

Welcome and IntroductionC. Fred Bergsten, Peterson Institute for International Economics
Noboru Hatakeyama, Japan Economic Foundation (JEF)

Session I: The Economic and Strategic ContextKurt Campbell, Assistant Secretary of State for East Asian and Pacific Affairs
Akira Kojima, Senior Research Fellow, Japan Center for Economic Research (JCER)
Daniel Price, Senior Partner, Sidley Austin LLP

Session II: Shaping the Trans Pacific Partnership: Substance and MembershipMasakazu Toyoda, Chairman and CEO of the Institute of Energy Economies, Japan
Presentation

Barbara Weisel, Assistant U.S. Trade Representative for Southeast Asia and the Pacific
Mark Sinclair, Lead Negotiator, Trans-Pacific Partnership, Ministry of Foreign Affairs and Trade (MFAT), New Zealand
Presentation

Lunch and Session III: How Congress Views the TPP Congressman Kevin Brady (R-TX) [Via Video Conference]

Session IV: The Trans Pacific Partnership and Prospects for an FTAAPYoshihiro Watanabe, Advisor, Bank of Tokyo-Mitsubishi UFJ, Ltd; APEC Business Advisory Council Member of Japan
Presentation

Jeffrey J. Schott, Senior Fellow, Peterson Institute for International Economics
Presentation

Discussants: Peter A. Petri, Carl J. Shapiro Professor of International Finance, Brandeis University and Senior Fellow, East-West Center
Presentation

Session V: Conclusions and RecommendationsNoboru Hatakeyama, Japan Economic Foundation
C. Fred Bergsten, Peterson Institute for International Economics

(Audio link to PIIE)

ParticipantsMonday, October 25, 2010List

Chairman's SpeechOpening Remarks by Mr. Noboru Hatakeyama (October 25, 2010 @JEF-PIIE Conference in Washington, D.C.)

Dr. Fred Bergsten, Director of the Peterson Institute for International Economies, the honorable Kurt Campbell, Assistant Secretary of State for East Asia and Pacific Affairs, distinguished guests, ladies, and gentlemen:

It is my great honor and privilege to welcome all of you to this International Symposium co-hosted by the PIIE and the Japan Economic Foundation.

First of all, I would like to express my heartfelt gratitude to Dr. Bergsten and his colleagues in the PIIE for co-hosting this conference with the JEF. I am also deeply grateful to all the distinguished speakers and panelists from the United States, New Zealand and Japan and to all of you who have joined us today despite your hectic schedules.

The subject of today's conference is "A Trans-Pacific Partnership and the Future of the Asia Pacific Region." In this region there are five FTA proposals:

The East Asian FTA [EAFTA], consisting of the ten ASEAN countries plus China, Japan, and South Korea [the so-called ASEAN +3];
The Comprehensive Economic Partnership of East Asia, [CEPEA], consisting of ASEAN +3 as well as Australia, India, and New Zealand [this group is known as ASEAN +6];
An FTA between China, Japan, and South Korea [CJK];
An FTA of Asia Pacific [FTAAP], consisting of APEC member economies and;
The TPP, consisting of the original Pacific four, that is to say Brunei, Chile, New Zealand, and Singapore, plus the six countries that have joined negotiations subsequently, namely Australia, Canada, Malaysia, Peru, the United States, and Vietnam.

Of these five proposals, Japan is a member of joint studies for the EAFTA and the CEPEA. Both of these have entered the governmental discussion stage prior to negotiations on rules of origin, customs procedures, tariffs, and economic cooperation.

In October, 2009, a consensus was reached to aim at launching a joint study on a China-Japan-Korea FTA at a second meeting between leaders of the three countries involved. The first and second meetings for a joint study on a CJK FTA, involving experts from industry, academia, and government, have already been in Seoul and Tokyo respectively. A third meeting, in China, will take place in December.

Last July, the government of Japan decided to come up with a road map to establish a FTAAP by 2020, taking advantage of Japan's hosting the APEC Leaders' Meeting to be held in Yokohama.

In addition, on October 1st this year, Prime Minister Naoto Kan made his first general policy speech in the Diet after the cabinet reshuffle in September. In this speech, he stated as follows, "We will look into participating in such negotiations as those for the TPP agreement and will aim to build a FTAAP."

However the qualifications for entering TPP are very severe. As you know, FTA in general should liberalize substantially all trade. In other words, the WTO admits that non-substantial trade may be exempted from the obligation to liberalize. However, in the case of P4, the prototype of the TPP, there are no such exemptions. If every country trying to join the TPP is asked to forgo its exemptions as a precondition for membership, this will function as a barrier to expanding a FTA and thereby reduce opportunities to implement free trade. It would be ironic indeed if barriers for joining an FTA became barriers for implementing free trade.

Personally, I think there are two reasons for Japan to join the TPP.

Firstly, this would offer a rare opportunity for the US and Japan to enter an FTA relationship. If this opportunity is missed, Japan may be forced to enter into a regional FTA relationship with China, at least, sooner than the US. Far better to enter an FTA relationship with the United States first-a country that shares the same values and is firmly tied to Japan through a security treaty.

Secondly, with all due respect to the current and potential future TPP members other than the US, from the American perspective the total combined size of their nine economies is too small to justify American participation in tough membership negotiations. In 2009, the total value of their GDP was $3.2 trillion-just 63% of Japan's GDP and 5.5% of world GDP. If Japan enters, the TPP's total share would be 39% of total world GDP, including the US.

For these reasons, when you decide whether to admit Japan to the TPP, I think it is crucial to take into account not just the current trade policy of the P4, having no exceptional items, but also strategic considerations, including the security of this region.

On this note, I would now like to declare the symposium formally open.

Thank you very much.

Wednesday, January 27, 2010

Date	Wednesday, January 27, 2010
Venue	Washington D.C., USA B1 Conference Center, Center for Strategic and International Studies 1800 K Street, NW Washington DC, 20006
Sponsors	Japan Economic Foundation (JEF) Center for Strategic and International Studies (CSIS)
Topics	"What is Next for the U.S. and Japanese Economies?" Panel 1: Outlook for the Japanese Economy (Audio Link to CSIS) Panel 2: Outlook for the U.S. Economy (Audio Link to CSIS) Panel 3: Panel Discussion: Agenda for Bilateral Cooperation (Audio Link to CSIS) Luncheon Keynote Address: Economic Outlook and U.S.-Japan Relations (Video Link to CSIS) Program

Participants
Summary

ParticipantsWednesday, January 27, 2010List

Chairman's SpeechOpening Remarks by Noboru Hatakeyama (January 27, 2010 @JEF-CSIS Conference in Washington D.C.)

"What is Next for the U.S. and Japanese Economies?"

Dr. John Hamre, Distinguished guests, Ladies and Gentlemen, it is my great honor to be here with you today in this important conference.

First of all, I would like to express my heartfelt gratitude to Dr. Hamre for co-organizing this conference and to all speakers and discussants and the participants for attending the conference in spite of your busy schedule.

Today, we will discuss the possible future courses of US and Japanese economies. Both economies have faced with difficulties and challenges. There are many issues to talk. For example, will our economies encounter with double dips this year? Which sector could we expect to play a leading role to stimulate and accelerate respective economic growth? Could green related technologies and health related new inventions actually substitute auto and its related industries? What sort of new business-models would help corporations to revitalize their activities? Should we be ready for a new capitalism with a change of roles of governments and private sectors to some extent?

In our national security front, our discussion may have to touch upon if a commitment made by a former government can survive a power shift. As you know well, the new Hatoyama cabinet
decided to review by May this year a commitment made by former cabinets. Obama administration also changed a policy implemented by the Bush administration regarding missile deffense system which had been deployed in Check and Poland.

Our topics won't end up at those points. We have to scrutinize the realities and cultivate possible collaborative policy areas between our two countries. For example, we have to address the real reasons for the financial crisis that was deepened by Lehman Brother's collapse in September 2008. Since then many international conferences were held, including G20 in London and Pittsburgh to come up with counter measures to prevent recurrence of financial crisis from happening. However they have never referred to possible prohibition of a securitization of sub-prime loans which was the most important reason for the financial crisis. Securitization in general would be all right but when it comes to a securitization of sub-prime loans the story would become quite different. Would there be any rooms for governments of the US and Japan to co-operate with each other to prohibit it?

Another example would be for us to take joint initiatives to keep stimulating our economies, analyzing whether economic recoveries as of now in both countries are sustainable and, if not, coming up with proposals to continue the current recoveries. In this respect, a President Obama's proposal to impose a new tax on financial institutions, including banks is quite interesting. Reportedly, the Government of Japan has been asked if it will do the same. If Japan accepts this proposal, it will become the first economic collaboration between Japan and the US under the current governments.

The Democratic Party of Japan stated in its manifest for the election for the house of representatives that it would accelerate negotiations on a Japan-US FTA. Although it would be ideal to conclude a full fledged US-Japan FTA, my proposal is to strike a .US-Japan FTA only for trade in services since I am afraid that the US Congress and Japanese diet are not supportive of such a full fledged FTA which includes both trade in goods and services.
Although the original nature of a FTA remains in the economic field, a FTA can lead to strengthened political relations between countries involved in it. Like any other FTAs, a US-Japan FTA, even if it be that only for trade in services, will contribute a lot to deepen and enhance the mutual dependence further more.

I would like to expect that the speakers and commentators today would touch upon those issues, and at the end of this dialogue, all the participants could find out the wisdoms and realistic solutions to make the economies securities of both countries more vigorous and more closely knitted.

With these comments, I would like to thank the people belonging to Center for Strategic and International Studies (CSIS), and the other participants once again for joining us today.

Thank you.

Tuesday, December 9, 2008

Date	Tuesday, December 9, 2008
Venue	Washington D.C., USA Offices of Dewey & LeBoeuf, Conference Center, Ground Floor (1101 New York Avenue, NW Washington, DC 20005-4213)
Sponsors	Japan Economic Foundation (JEF) Dewey & LeBoeuf LLP
Topics	The U.S.-Japan Relationship New Challenges, New Opportunities for New Administrations A Vision for the U.S.-Japan Relationship: Partnership for Leadership Session I: Political Relationship between Japan and U.S. Session II: Economic Relationship between Japan and the U.S. Session III: Paths Forward - Conclusions and Action Agenda Program
Chairman's Speech

Participants
Summary

ParticipantsTuesday, December 9, 2008List

SummaryJoint Action Agenda (English)Joing Action Agenda (Japanese)

Tuesday, November 27, 2007

Date	Tuesday, November 27, 2007
Venue	Washington DC, USA at Peterson Institute for International Economics (1750 Massachusetts Avenue, NW Washington DC 20036)
Sponsors	Japan Economic Foundation Peterson Institute for International Economics

Topics
Participants
Summary
Chairman's Speech

TopicsNew Asia-Pacific Trade Initiatives
A Joint Conference sponsored by the Japan Economic Foundation and
Peterson Institute for International Economics

Agenda

8:30 a.m. Registration and coffee

9:00 a.m. Welcoming RemarksC. Fred Bergsten, Peterson Institute for International Economics
Noboru Hatakeyama, Japan Economic Foundation

9:15 a.m. Session IBilateral and regional FTAs and EPAs that the US and Japan have concluded and are now pursuing with third countries (regions), and other trade initiatives in the region. To include discussion of:

Such specific FTAs as KORUS FTA and Japan-ASEAN FTA, Japan-Malaysia FTA, CAFTA and US-Australia FTA incorporating a comparative study of the liberalization rates (including tariff elimination rates);
Region-wide initiatives including 10+3 and 10+6 in East Asia, FTAA in the Americas and their implications for US and Japan;
Other FTA initiatives in the region, such as China-ASEAN and Korea-EU, and Japanese and US reactions to them;
Recent agreements between US Administration and Congress as presumed basis for future US FTAs.

Moderator: C. Fred Bergsten

Presenters (15 minutes each):
Jeffrey Schott, Senior Fellow, Peterson Institute for International Economics
Yukiko Fukagawa, Professor, School of Political Science and Economics, Waseda University
Chulsu Kim, Senior Advisor at Lee International IP and Law Group in Seoul and Chairman of Institute for Trade & Investment (ITI) (Former Minister of Trade, Industry and Energy of the Republic of Korea and former Deputy Director-General of the WTO)

10:45 a.m. Coffee Break

11:00 a.m. Session IIIssues towards the conclusion of a high quality US-Japan EPA/FTA

Access to goods market
Elimination of tariffs: how should the liberalization rate covered under a US-Japan FTA be calculated? One idea is to make the calculation on the basis of domestic demand for each item in both countries.
Trade in Services
With respect to the service sector, should, as a general rule, the entire sector be subject to the agreement and, if so, is this possible in the US-Japan FTA?
Investment
The general rule is national treatment. Is this possible in the US-Japan FTA?
Food and energy national security
From the perspective of national security on food and energy, we will discuss export prohibitions or restrictions temporarily applied to prevent or relieve critical shortages of foodstuffs or other products essential to the exporting contracting party, based on Article 11.2 (a) of GATT.
Major hurdles
Rice and other agriculture in Japan? Autos in US? Specific services sectors in both?

Moderator: Noboru Hatekeyama

Presenters (15 minutes each):
Scott Bradford, Visiting Fellow, Peterson Institute for International Economics
Shujiro Urata, Professor of Economics, Graduate School of Asia-Pacific Studies, Waseda University

Discussants (10 minutes each):
Edward Lincoln, Director, Center for Japan-US Business & Economic Studies, New York University
Clyde Prestowitz, President, Economic Strategy Institute
Junichiro Kuroda, Special Advisor to the Ministry of Economy, Trade & Industry
(METI) and Director, JETRO New York

12:30 p.m. LuncheonSpeaker:
Wendy Cutler, Assistant U.S. Trade Representative for Japan, Korea and APEC Affairs

1:30 p.m. Session IIICreation of a Free Trade Area of Asia-Pacific (FTAAP)

Design of FTAAP - like NAFTA (high standards) or like EAFTA (lower standards)?
Road map to FTAAP - all-in negotiation or docking of current FTAs or plurilateral agreement of sub-APEC groupings with subsequent broadening?
Relationship to other current or prospective megaregional agreements, especially 10+3/10+6 and FTAA.

Moderator: Chulsu Kim

Presenters (15 minutes each):
Gary Hufbauer, Peterson Institute for International Economics
Noboru Hatakeyama, Chairman and CEO, Japan Economic Foundation
C. Fred Bergsten, Director, Peterson Institute for International Economics

Discussants (10 minutes each):
Claude Barfield, Resident Scholar, American Enterprise Institute
Shujiro Urata, Professor of Economics, Graduate School of Asia-Pacific Studies, Waseda University

4:00 p.m. Conclude

Papers and PresentationsSession I Bilateral and regional FTAs and EPAs that the US and Japan have concluded and other trade initiatives in the region.Presenters:Jeffrey Schott, Peterson Institute
The FTA Frenzy in East Asia: Current Status and Prospects

Yukiko Fukagawa, Waseda University
Redesigning East Asian Integration

Chulsu Kim, Senior Advisor at Lee International IP and Law Group in Seoul and Chairman of Institute for Trade & Investment (ITI)
Korea's FTAs: Current Status and Issues

Session II Issues towards the conclusion of a high quality US-Japan EPA/FTAPresenters:Scott Bradford, Peterson Institute
An Analysis of a Possible Japan-US Trade Agreement
An Analysis of a Possible Japan-US Free Trade Agreement

Shujiro Urata, Waseda University
Japan-US EPA: Benefits and Obstacles

Session III Creation of a Free Trade Area of Asia-Pacific (FTAAP)Presenters:Gary Hufbauer, Peterson Institute
Fitting Asia-Pacific Agreements into the WTO System
Multilateralizing Regionalism Fitting Asia-Pacific Agreements into the WTO System

Noboru Hatakeyama, Japan Economic Foundation
The Creation of a Free Trade Area of the Asia Pacific

C. Fred Bergsten, Director, Peterson Institute
Toward a Free Trade Area of the Asia Pacific

ParticipantsTuesday, November 27, 2007List