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Japan Project Meeting

Jennifer Corbett, Charles Horioka, Anil Kashyap, Kazuo Ueda, and David Weinstein, Organizers

June 29-30, 2012

Asian Development Bank Institute
Kasumigaseki Building 8F

3-2-5, Kasumigaseki, Chiyoda-ku

Tokyo 100-6008, Japan

PROGRAM

Friday, June 29:
8:30 am	Breakfast/Registration
8:50 am	Welcome Remarks:  Dean Masahiro Kawai, Asian Development Bank Institute
9:00 am	Takeo Hoshi, University of California at San Diego and NBER Takatoshi Ito, University of Tokyo and NBER Defying Gravity: How Long Will Japanese Government Bond Prices Remain High? Discussant: Mitsuhiro Fukao, Keio University
10:00 am	Break
10:30 am	Iichiro Uesugi, Hitotsubashi University Kaoru Hosono, Gakushuin University Daisuke Miyakawa, Development Bank of Japan Arito Ono, Mizuho Research Institute Hirofumi Uchida, Kobe University Masami Hazama, Hitotsubashi University Taisuke Uchino, Daito Bunka University Natural Disasters, Bank Lending and Firm Investment Discussant: Peter Schott, Yale University and NBER
11:30 am	David Cashin, University of Michigan Takashi Unayama, Kobe University Measuring Intertemporal Substitution: Evidence from a Consumption Tax Rate Increase in Japan Discussant: Kosuke Aoki, University of Tokyo
12:30 pm	Lunch Keynote Speaker: Charles Lake, Chairman of Aflac Japan 21st Century International Rules on State-Owned Enterprises: Insurance as a Case Study
2:00 pm	Yasushi Hamao, University of Southern California Kenji Kutsuna, Kobe University Joe Peek, Federal Reserve Bank of Boston Nice to be on the A-List Discussant: Amit Seru, University of Chicago and NBER
3:00 pm	Break
3:30 pm	Julian Franks, London Business School Colin Mayer, University of Oxford Hideaki Miyajima, Waseda University The Ownership of Japanese Corporations in the 20th Century Discussant: Douglas Diamond, University of Chicago and NBER
4:30 pm	Panel Discussion: The Electric Power Crisis in Japan Moderated by: David Weinstein, Columbia University and NBER Panelists: Makoto Saito, Hitotsubashi University Tatsuo Hatta, Gakushuin University and Osaka University Hiroshi Takahashi, Fujitsu Research Institute
6:00 pm	Adjourn
6:30 pm	Group Dinner Hibiki Restaurant 2nd floor, Akasaka Inter-City building 1-11-44 Akasaka, Minato-ku, Tokyo Telephone: 0120-77-6368 Map: http://www.dynac-japan.com/hibiki/shop/shop_akasaka.html
Saturday, June 30:
8:30 am	Breakfast
9:00 am	Douglas Skinner, University of Chicago Kazuo Kato, Osaka University of Economics Meng Li, University of Chicago Is Japan Really a “Buy”? The Corporate Governance, Cash Holdings, and Economic Performance of Japanese Companies Discussant: Julian Franks, London Business School
10:00 am	Break
10:30 am	Daiji Kawaguchi, Hitotsubashi University Soohyung Lee, University of Maryland Brides for Sale: Cross-Border Marriages and Female Immigration Discussant: Lena Edlund, Columbia University and NBER
11:30 am	Ryo Kambayashi, Hitotsubashi University Takao Kato, Colgate University Trends in Long-Term Employment and Job Security in Japan and the United States: The Last Twenty-Five Years Discussant: Deborah Cobb-Clark, University of Melbourne
12:30 pm	Lunch and Adjourn

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We are very grateful to the Asian Development Bank Institute and to Miki Futagawa of the European Institute of Japanese Studies for their generous assistance and support.

Participants will be staying at the:
ANA InterContinental Hotel Tokyo http://www.anaintercontinental-tokyo.jp/e/access/

(15-minute walk from ADBI)

Please note that cool biz attire (business casual) is strongly encouraged.

ESRI-NBER Joint Seminar Agenda