USJI International Symposium
Building a New ‘Economic and Financial Order’ in the Asia-Pacific Region
(Minister in charge of Economic Revitalization of Japan)
(Former Acting Deputy, USTR)
Panel Discussion, Q＆A Session
Glen S. Fukushima
MC and Remarks
The economic framework in the Asia-Pacific region is currently undergoing a dramatic change.
The Asian Infrastructure Investment Bank (AIIB), led by China, has been established after gaining support from approximately 50 countries, although Japan and the USA decided not to participate. The top-level meeting between Japan’s Prime Minister Shinzo Abe and the US President Barack Obama held in May ironically ended with the two leaders isolated over this issue.
Meanwhile, ministers recently reached a basic agreement on negotiations to establish a Trans-Pacific Strategic Economic Partnership (TPP) Agreement that will aim to establish a high-quality free trade area in the Asia-Pacific region.
Both AIIB and TPP are systems related to finance, development and trade—and of course related to the framework of the international economic order. There is a possibility that the AIIB will begin lending money with lower criteria than the existing criteria of the International Monetary Fund (IMF) or the Asian Development Bank (ADB). In contrast, the TPP is aiming to establish a more successful free trade system. Accordingly, the former has a tendency to loosen existing rules, and the latter will function as new rule settings in the world of international economy.
Both AIIB and TPP have strong political connotations. In the AIIB, the operational capabilities of international financial institutions are being tested, as well as the global influence of China. In the establishment of the TPP, there is widespread political thought that the countries that lead the establishment of a new international economic system should be the USA and Japan, not China—which has a completely different economic system.
Under such conditions, in which direction will the international economic system in the Asia-Pacific region actually go? Will the US Congress, which is skeptical of the role of the IMF and free trade, allow the country to use its leadership? Will Japan, which also has strong political feelings against free trade, be able to present strong leadership in the establishment of a new system? What kind of connotations do these new international systems of finance and trade have for security issues?
In this symposium, we invite guests from both political and academic worlds to discuss what kind of role Japan and the USA can cooperatively play considering the changing international economic system in the Asia-Pacific region.
Date and Time
December 9(Wed), 2015 / 1:30pm-5:00pm (registration starts at 12:45pm)
Students, people affiliated with the university community, researchers, corporate representatives, people affiliated with the government, members of the general public
* We ask you to bring an identification card or document with you because we will need to confirm your ID for security reasons. Please note that we may have to refuse your entrance to the venue if you do not have any identification documents.
- Miki Sugimura
Vice Chair, USJI / Vice President, Sophia University
- Ken Furuya
Chair, USJI / Executive Vice President, The University of Tokyo
- Akira Amari
Minister in charge of Economic Revitalization of Japan
- Wendy Cutler
Former Acting Deputy, USTR /Vice President and Managing Director of the Washington D.C, The Asia Society Policy Institute
- Fumiaki Kubo
Director, USJI / Professor, The University of Tokyo
- Ichiro Fujisaki
Former Japanese Ambassador to the U.S. / Chairman, Sophia Institute for International Relations
- Glen S. Fukushima
Former President, American Chamber of Commerce in Japan/Senior Fellow, Center for American Progress
- Mireya Solis
Senior Fellow and Philip Knight Chair in Japan Studies, Brookings Center for East Asia Policy Studie
- Shujiro Urata
Professor, Waseda University
- Naoto Jinji
Professor, Kyoto University
- Takashi Terada
Operating Advisor, USJI / Professor, Doshisha University
- Yorizumi Watanabe
Professor, Keio University
- Katsuichi Uchita
President, USJI / Assistant to the President for Global Affairs, Waseda University
*Speakers and the time schedule is subject to change without prior notice.
*The event will be video recorded and subsequently published online on the USJI Website. Please note that there may also be media reporters taking photos/video of the symposium.
*Simultaneous interpretation will be available for both Japanese and English.
*Registered personal information will not be used for purposes other than for the activities of USJI.
ALL NIPPON AIRWAYS CO., LTD, Canon Inc., Chubu Electric Power Co., Inc.,
ITOCHU Corporation, Mitsubishi Corporation, MITSUI & CO., LTD., Mitsui Fudosan Co., Ltd.,
Nomura Holdings, Inc., NTT Group, SHIMIZU CORPORATION, Sumitomo Chemical Company, Limited,
Taisei Corporation, Tokio Marine & Nichido Fire Insurance Co., Ltd., Toray Industries, Inc.,
Toyota Motor Corporation
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