- Time and Date:
Thursday, February 16, 2006, 13:30-17:10
Friday, February 17, 2006, 9:00-17:00 - Venue:
Hall, Shinsei Bank (1st Floor, Head Office, 2-1-8 Uchisaiwaicho, Chiyoda-ku, Tokyo) - Language:
Japanese / English (with simultaneous interpretation)
* Streaming video footage of and handouts pertaining to the symposium will be available for downloading from the RIETI website after the event.
* Purpose of Use of Images
Handouts [Thursday, February 16, 2006]
| Conference Chair: | |
| KIMURA Takako (RIETI) | |
13:30-13:40 Opening Remarks
YOSHITOMI Masaru (President and CRO, RIETI)13:40-15:20 Session 1: "The Workings of Relationship Banking - impact on capital procurement and corporate activity"
| Session Chair: | |
 UESUGI Iichiro (Fellow, RIETI) |
|
13:40-14:00 Presentation: "Relationship between interest rate and firm age"
 WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research, Hitotsubashi University)Presentation [PDF: 606KB] Paper [PDF:464KB] |
14:00-14:20 Presentation: "Factors that influence the relationship between banks and SMEs"
UCHIDA Hirofumi (Associate Professor of Banking and Finance, Faculty of Economics, Wakayama University)
Gregory F. UDELL (Bank One Chair of Banking and Finance, Kelley School of Business, Indiana University)14:20-14:40 Presentation: "Does main bank's health matter in firm customers' behavior?"
 OGAWA Kazuo (Professor, Institute of Social and Economic Research, Osaka University)Presentation [PDF: 202KB] Paper (Japanese) [PDF:408KB] |
14:40-15:00 Comments
HORIUCHI Akiyoshi (Professor, Faculty of Policy Studies, Chuo University)15:30-17:10 Session 2: "What to look for in credit complementarity of SMEs: the role of mortgage, guarantee and public lending facilities"
| Session Chair: | |
| WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research, Hitotsubashi University) |
|
15:30-15:50 Presentation: "The role of collateral and personal guarantees in relationship lending: Evidence from Japan’s small business loan market"
 ONO Arito (Senior Economist, Mizuho Research Institute Ltd.)Presentation [PDF: 911KB] Paper [PDF:304KB] |
15:50-16:10 Presentation: "Effectiveness of credit guarantees in the Japanese loan market"
16:10-16:30 Presentation: "How are loans by their main bank priced? Bank effects, information and non-price terms of contract"
 WATANABE Wako (Associate Professor, Graduate School of Economics and Management, Tohoku University)Presentation [PDF: 184KB] Paper [PDF:252KB] |
16:30-16:50 Comments
HIRAI Hirohide (Director, Corporate Finance and Tax Affairs Division, Business Environment Department, Small and Medium Enterprise Agency, METI)Handouts [Friday, February 17, 2006]
9:00-10:40 Session 3: "Is relational banking relevant for corporate revitalization? Cooperation among and respective roles of financial institutions, revitalization funds and public institutions"
HIROSE Sumio (Assistant Professor, Faculty of Economics, Shinshu University)9:00-9:20 Presentation: "Bank-Firm relationship and choices in legal bankruptcy proceedings of SMEs"
 XU Peng (Faculty Fellow, RIETI / Professor, Faculty of Economics, Hosei University)Presentation (Japanese) [PDF: 235KB] Paper (Japanese) [PDF: 414KB] |
9:20-9:40 Presentation: "Relationship between regional revitalization funds and regional financial institutions"
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MATSUO Junsuke (Professor, Faculty of Business Administration, St. Andrew's University)9:40-10:00 Presentation: "Policy deployment and the role of regional financial institution in SME revitalization"
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TAGASHIRA Shoichi (Professor, Law School, Sophia University)10:00-10:20 Comments
 YASUDA Takehiko (Faculty Fellow, RIETI / Professor, Faculty of Economics, Toyo University)Presentation (Japanese) [PDF: 328KB] |
10:50-12:30 Session 4: "Is the market for indirect financing competitive? Impact of the restructuring of financial institutions"
| Session Chair: | |
 UEMURA Shuichi (Senior Fellow, RIETI) |
|
10:50-11:10 Presentation: "Financial institutions and contestability of the financial market"
 TSUTSUI Yoshiro (Faculty Fellow, RIETI / Professor, Institute of Social and Economic Research, Osaka University)Presentation (Japacnese) [PDF: 256KB] Paper (Japanese) [PDF:352KB] |
11:10-11:30 Presentation: "Consolidation of cooperative (shinkin) banks in Japan: Causes and consequences"
TSURU Kotaro (Senior Fellow, RIETI)11:30-11:50 Presentation: "Effects of bank mergers and acquisitions on small business lending"
 Allen N. BERGER (Senior Economist, Financial Studies Section, Division of Research and Statistics, The Federal Reserve Board)Presentation [PDF: 93KB] |
11:50-12:10 Comments
 TAKATA Hajime (General Manager / Chief Strategist, Fixed Income Research Dept., Fixed Income Group, Mizuho Securities Co., Ltd.)Presentation (Japanese) [PDF: 269KB] |
13:30-14:30 Presentation: "Future of the Japanese Financial System"
IWATA Kazumasa (Deputy Governor, Bank of Japan)14:50-16:50 Panel Discussion: "A Wish List for the Japanese Financial System - what is it lacking?"
OKINA Yuri (Chief Senior Economist, Economics Department, The Japan Research Institute, Limited.)
KAWAKAMI Naotaka (Director for Banks Division II, Supervisory Bureau, Financial Services Agency)
Mark M. SPIEGEL (Vice President, International Research /
Director, Center for Pacific Basin Studies, Federal Reserve Bank of San Francisco)
FUJII Yoshihiro (Senior Staff Writer, Economic News Department, Editorial Bureau, Nihon Keizai Shimbun, INC.)
YAMORI Nobuyoshi (Professor, Graduate School of Economics, Nagoya University) 16:50-17:00 Closing Remarks:
OIKAWA Kozo (Chairman, RIETI)* The agenda is subject to change.
