Venue: Orrick | The Orrick Building, 405 Howard Street, San Francisco, CA 94105
Japan is among the world’s fastest aging and shrinking societies. Japan’s successful transformation to a significantly older, smaller nation, while unprecedented in the history of mankind, is nonetheless doable, but not without reforms that increase overall productivity and especially returns to capital. Among its greatest challenges will be a severe depopulation of rural areas, the lack of successors to take over successful SMEs that remain the backbone of Japan’s economy, a lack of skilled IT workers and a paucity of entrepreneurs.
Come hear renowned Japan economic analysts Richard Katz and Naomi Fink discuss structural reforms Japan could take to rejuvenate its economy, including by supporting more venture firms, improving the health of SMEs, pushing large Japanese firms to more aggressively divest underperforming divisions, enhancing financial services to better convert savings into productive investments, actively promote inward foreign M&A and attract VC, PE and other financial service providers adept at spotting and funding successful innovation. Katz is currently working on a book on this topic. Don’t miss the chance to participate in this exciting conversation.
Richard B. Katz, Carnegie Council
Richard Katz is a Senior Fellow at the Carnegie Council on Ethics in International Affairs. He is also a special correspondent at Weekly Toyo Keizai, a leading Japanese business weekly. His duties at the latter include writing a monthly opinion column on Japanese economics and politics. In order to write a new book, he is taking a sabbatical from his long-time role as Editor of The Oriental Economist Report, a monthly newsletter on Japan, as well as the semi-weekly TOE Alert e-mail service on Japan.
Mr. Katz previously authored two books on Japan. Japan: The System That Soured—The Rise and Fall of the Japanese Economic Miracle (1998) and Japanese Phoenix: The Long Road to Economic Revival (2012). His forthcoming book will focus on the policies needed to rejuvenate the Japanese business world. He has taught about Japan as an adjunct professor in economics at the State University of New York at Stony Brook and at the New York University Stern School of Business. Mr. Katz received his M.A. in Economics from New York University in 1996.
Naomi Fink is Academic Research Specialist at Capital Group. Prior to joining Capital in 2016, Fink founded Europacifica Consulting, a global economics and strategy-consulting firm, whose clients include large financial services firms, government, and supra-nationals. Prior to founding Europacifica in August 2013, Naomi established herself as a high-profile financial market strategist for some of the world’s leading financial institutions, across a variety of markets. With 20 years of experience in financial markets, Naomi’s experience as a strategist extends from G10 and Asian foreign exchange markets to Japan macroeconomic and equity strategy with a highly entrepreneurial focus. Embarking on her research career as an Asian foreign exchange strategist (G7 and local currencies) while at UBS in 2002, Naomi went on to start up BNP Paribas’ foreign exchange derivatives research product from New York, in 2005. Her early emphasis was on financial market risk. Ms. Fink was responsible for maintaining the UBS FX Risk Index and subsequently built from scratch BNP Paribas’s FX Volatility Index, among the first of its kind in the market. Subsequently, Ms. Fink was recruited by the Bank of Tokyo Mitsubishi UFJ (Japan’s largest bank) to develop and promote their first English-language Japan Strategy product. While at BTMU, her flagship strategy product “The Talk of Tokyo” became one of the most widely read daily publications on Japan in international financial markets. Subsequently, Fink started up Jefferies’ Japan equity strategy product in their nascent Japanese equities operation in 2011, providing clients with vital analysis not only on Japanese equity markets but also on various aspects of Japanese public policy – from monetary to energy policy – in the wake of the Tohoku disaster.
Ms Fink has been a frequent public speaker at high-profile events around the world. As a regular, Ms. Fink appears on international television and radio providing expert commentary and is regularly quoted in numerous financial publications. Senior policymakers and officials around the globe have sought out Ms. Fink’s insights on Japan. Naomi holds an MSc in Specialized Economic Analysis from Barcelona GSE and an M.A. Honours in International Relations from the University of St. Andrews, as well as a Financial Risk Manager certificate (administered by GARP). Naomi Fink was nominated to the Japan Society of Monetary Economics in May 2014.
Light appetizers and drinks provided.