Announcement
There has been much discussion on the pros and cons of the role of financial institutions in corporate performance. On the one hand, there are those of the view that main banks have supported long-term strategy-based corporate management. On the other hand, financial institutions have been criticized for negatively impacting corporate management as they lost their risk-evaluation capabilities during the bubble era, and subsequently became reluctant to lend or continued zombie-lending.
Meanwhile, interest is increasing in the concept of relationship banking, which is said to create value-added through a tight relationship between corporations and financial institutions. This is the result of realization that this relationship should be reconstructed to overcome non-performing loan (NPL) problems and put the Japanese financial system back on the right track.
Currently, there are still numerous unanswered questions on how the firm-bank relationship affects corporate activities and the economy as a whole, and whether increasing competition among financial institutions and restructuring of the financial service sector benefit the borrowers. In particular, there is only limited analysis based on empirical evidence on SMEs which are still affected a great deal by their relationship with financial institutions, although there is conjecture based on individual case studies.
During the first part of the symposium (afternoon of February 16 and morning of February 17), consisting of four sessions, participants will discuss, based on RIETI's recent research results, the role of financial institutions during the life of a corporation from birth to exit/revitalization, and the structure of the indirect financing market. Discussion will be based on results of empirical analysis which made use of the recently developed database on SMEs. To this end, leading overseas researchers on banking will also join the discussion. During the second part (afternoon of February 17), Mr. Kazumasa IWATA, Vice-President of the Bank of Japan, will lecture on the financial system at large followed by a panel discussion to deepen the debate.
Through wide-ranging participation from practitioners to researchers, this symposium will seek to provide many insights into the future of Japan's financial system
Information
- 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) - Charge: ¥2,000 (an official receipt will be issued)
(Student discount ¥1,000. Please present your student ID at the reception desk.) - Hosts: Research Institute of Economy, Trade and Industry (RIETI)
- Contact: RIETI
KASAHARA Tomoko (Ms.) / KASE Tomoko (Ms.), (Tel: 03-3501-8398)
* 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
Agenda [Thursday, February 16, 2006] 13:30-17:10
| Conference Chair: | |
| KIMURA Takako (RIETI) | |
| Session Chair: | |
| UESUGI Iichiro (Fellow, RIETI) | |
| Session Chair: | |
| WATANABE Tsutomu (Faculty Fellow, RIETI / Professor, Institute of Economic Research, Hitotsubashi University) | |
| - WATANABE Wako (Associate Professor, Graduate School of Economics and Management, Tohoku University) |
Agenda [Friday, February 17, 2006] 9:00-17:00
| Session Chair: | |
| UEMURA Shuichi (Senior Fellow, RIETI) | |
