New Economic Governance in Japan

Market Economic Perceptions in Germany

May 9 Thursday

Date/time

May 9, 2013

Loc.

Tokyo

Type

Experts' Meeting

Experts' Meeting with the delegation of the Committee on Economics and Technology of the German Bundestag in cooperation with the Friedrich-Ebert-Stiftung

Also available in 日本語, Deutsch

On occasion of a visit to Japan by a delegation of the Committee on Economics and Technology of the German Bundestag the KAS Japan Office in cooperation with the Japan Office of the Friedrich-Ebert-Stiftung hosted an experts' meeting on New Economic Governance in Japan and Market Economic Perceptions in Germany.

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After short welcome remarks and an introduction on behalf of both organizers by the KAS Resident Representative for Japan, Mr. Jörg Wolff, the head of the delegation and committee chairman, Mr. Ernst Hinsken, CDU/CSU Parliamentary Group, presented in his speech Current Issues of Germany’s Economic Governance and simultaenously already elaborated on the crucial commonalities and shared challenges that linked Germany and Japan: foremost the ongoing demographic changes and their also in economic terms enormous effects on the future development of our societies.

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Subsequently the German parliamentarians were given further insight into the backgrounds and perspectives of current economic and financial policy developments by three Japanese experts.

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In a first presentation Mr. Atsushi Nakajima, Chairman of the Research Institute for Economy, Trade and Industry (RIETI), illustrated the contents and approaches of the economic reform policy of Prime Minister Shinzo Abe, widely known as Abenomics.

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In his contribution on Sovereign Debt and Japan’s Current Fiscal and Monetary Policy Mr. Yoshihiro Watanabe, Advisor to the Bank of Tokyo-Mitsubishi UFJ and General Manager of the Institute for International Monetary Affairs (IIMA) as well as Co-Chairman of the APEC Business Advisory Committee, then explained further in detail the current situation of Japan's sovereign debts and, based upon their structural characteristics, named some of the required and possible fiscal and monetary policy measures.

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In a final presentation, Mr. Satohiro Akimoto, Senior Vice President and General Manager of the Global Relations Department of the Mitsubishi Corporation, additionally referred to the importance of international trade for Japanese economic development and added A Private Sector Assessment of of Japan’s Free Trade Negotiations with a special emphasis on the Transpacific Partnership Agreement (TPP).

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Following their presentations, the Japanese experts answered remaining questions and engaged in deeper discussions with the German parliamentarians.

The members of the German delegation were:

  • Ernst Hinsken, Chairman of the Committee on Economics and Technology, former Parliamentary Secretary of State, Member of the Board of the CDU/CSU Parliamentary Group
  • Martin Dörmann, Deputy Chairman of the Committee on Economics and Technology, SPD Parliamentary Group
  • Klaus Breil, FDP Parliamentary Group
  • Tobias Lindner, Economic Policy Spokesman, Bündnis 90/Die Grünen Parliamentary Group
  • Franz Obermeier, CDU/CSU Parliamentary Group
  • Rita Pawelski, CDU/CSU Parliamentary Group
  • Wolfgang Tiefensee, former Federal Minister of Transport, Building and Urban Development, Economic Policy Spokesman, SPD Parliamentary Group
BM-AA-13-005 New Economic Governance in Japan 01

Contact person

Thomas Yoshimura

Assistant Representative

Thomas Yoshimura
Phone +49 30 26996-3496
Fax +49 30 26996-53496
Languages: Deutsch,‎ English,‎ 日本語

Naoko Ogawa

Project Coordinator (on parental leave)