| Date | April 25, 2024 |
|---|---|
| Speaker | Ulrike SCHAEDE (Professor of Japanese Business, University of California San Diego) |
| Commentator | SEKINE Yusuke (Deputy Director, Industrial Structure Policy Division, Economic and Industrial Policy Bureau, METI) |
| Moderator | HIRONO Ayako (Consulting Fellow, RIETI / Deputy Editor, Nikkei Business / Distinguished Guest Professor, Faculty of Policy Management, Keio University) |
| Language(s) | Japanese |
| Announcement | Japan’s economy is much stronger than is often thought, due to an ongoing strategic shift to “Japan Inside” input materials, components, and machinery. Rather than decades of just stagnation, over the past 20 years Japan’s leading companies have undergone a quiet transformation (similar to the United States in the 1990s and early 2000s). The results of Japan’s reinvention are now beginning to show, and the stock market already understands this. The slow pace of this transformation was (mostly) a matter of choice, and understanding this choice set and the tradeoffs involved helps piercing through Japanese corporate decision-making today. Schaede’s new book delivers this message to the Japanese audience, with the purpose to help overcome the current negativity bias. |
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