NHK World TV
Debate Program “GLOBAL AGENDA”
Public Recording
Impact of “Abenomics” and the Global Economy Whereabouts
| [Date] | Tuesday, September 13, 13:00-15:00 |
|---|---|
| [Venue] | Takeda Hall, Asano Campus of The University of Tokyo Map |
| [Language] | English / Japanese simultaneous interpretation |
| [Planned by] | NHK |
| [Supported by] | Policy Alternatives Research Institute (PARI) |
| [Additional information] |
Open to all persons interested. The registration will be closed when it reaches the capacity. *Please note that the conference will be recorded and broadcasted on the upcoming NHK World's “GLOBAL AGENDA” which will be aired on Saturday, October 1st. The venue including audience seats may be broadcasted, too. *The 100 minutes debate will be broadcasted on NHK World’s upcoming“ GLOBAL AGENDA” on 1st October, 10:10AM/ 4:10PM/10:10PM and on 2nd October 4:10AM(JST). If you live in Japan, you can watch the program via Live streaming either on NHK WORLD's Web site, or with the smartphone/tablet app. For more information on Live streaming visit : NHK WORLD Free Apps for smartphones and tablets *The Japanese-dubbed version of this debate will be aired on NHK BS1 and NHK WORLD PREMIUM. On NHK BS 1 Sunday 30th October 0:00 JST On NHK WORLD PREMIUM Saturday 29th October 23:00 JST Brochure |
Agenda
“GLOBAL AGENDA” is a NHK World's full- scale monthly debate program that experts and opinion leaders from around the world discuss various global challenges. On Tuesday 13th September, “GLOBAL AGENDA” will hold a public discussion at Takeda Hall, Asano Campus of the University of Tokyo.
“Abenomics”, a set of economic policies introduced by Prime Minister Shinzo Abe will enter its 4th year on this December. Aggressive Monetary policy, which is “The first arrow” of “Abenomics” has introduced lower yen and delivered a certain degree of positive results such as recovery of some export industries and improvement in unemployment rates. However, the government is only half way to achieve its biggest goal – exit from deflation. The International Monetary Fund has urged Japan last June that “Abenomics” needs to be “reloaded”. Flexible fiscal policy, which is the “The second arrow” also faces varied criticisms. Prime Minister Abe has called on participating countries to support the economy through enhanced public spending, countries with strong fiscal discipline remained cautious about such measures. The OECD too expressed their concern over Japan's decision to delay the planned consumption tax hike that it would undermine the country's credibility of the political commitment to fiscal consolidation. Meanwhile the government has launched fiscal stimulus plan worth more than 28 trillion Yen, aiming for further speed up of the “Abenomics”.
Given this situation, the world's attention is focused on Mr. Abe's “third arrow”. Though the government has been struggling to boost competitiveness of Japanese companies through a series of deregulation measures, the country's potential growth rate has been continuing to fall and now it is dropped to as low as around 0, which is at the lowest level among advanced nations. Faced with challenges such as Brexit-induced Eurozone crisis and economic slowdown in emerging countries, it is said that our world has entered a period of long-term stagnation. In such a circumstance, what does international society expect from Japan as a key player of the global economy? We will discuss “Abenomics” 's current status, whereabouts and its impact on the global economy, together with renowned economists and business leader from home and abroad.
Panelists
(from left)
Naoyuki Shinohara (Professor at Policy Alternatives Research Institute, The University of Tokyo)
Motoshige Itoh (Professor at Gakushuin University / Professor Emeritus, The University of Tokyo)
Gerald L. Curtis (Burgess Professor Emeritus of Political Science at Columbia University)
Franz Waldenberger (Director, German Institute for Japanese Studies)
Hiroyuki Yanagi (President, Chief Executive Officer and Representative Director of Yamaha Motor Co.,Ltd)
Time Table
| 12:00 | Reception |
|---|---|
| 13:00 | Session 1 |
| Evaluating 4 years of “Abenomics” | |
| 13:40 | Q&A session |
| 14:00 | Session 2 |
| Worldwide economic stagnation: How should the government draw the New Growth Strategy? |
|
| 14:40 | Q&A session |
| 15:00 | Closing |