11:30 a.m.: "Digital Content Industry in the Information Technology Era" Eiji Tsujimoto, Impress Corporation (Advisor: Harry Rowen) 11:50 a.m. : "Internet Business Strategy for Newspaper Companies" Hiroshi Nozawa, Asahi Shimbun Company (Advisor: Russ Hancock) 12:10 p.m.: "Venture Capital and Entrepreneurship in the Silicon Valley and the Greater China Region" Joseph Huang, AllCan Investment Company (Advisor: Marguerite Hancock) 12:30 p.m. : "How Can Japan Make Effective Industrial Policies For Promoting New Technologies and Industrial Revitalization?" Kosuke Takahashi, Development Bank of Japan (Advisor: Mike Armacost) 12:50 p.m. : "The Difference of Information Strategy Between the USA and Japan" Tatsushi Tatsumi, Sumitomo Corporation (Advisor: Marguerite Hancock) 1:10 p.m. : "Comparative Study of Technology Policy for Small Business Between the USA and Japan" Hidetaka Nishimura, Ministry of Economy, Trade and Industry (Advisor: Mike Armacost) 1:30 p.m. : "How Can China Learn from U.S. Small Business Policies?" Tingru Liu, Infotech Ventures Comapany (Advisor: Harry Rowen) Lunch served to those who respond to Yumi Onoyama by 12:00 noon Tuesday, May 20, 2003. Please contact Yumi via email at yumio@stanford.edu.

In Japan, fiscal decentralization has recently received public attention as a solution for the problematic intergovernmental fiscal relationship between its central and local governments, and as a potential solution for some of the country's most serious problems such as the large size of total government expenditures, its continuously inactive economy, and its huge public debt. This fiscal decentralization policy is actively being discussed within the Koizumi cabinet especially between Mr. Shiokawa and Mr. Katayama. Mr. Akaiwa will discuss following issues based on his interdisciplinary research:

1. What are the problems in the current intergovernmental fiscal relationship in Japan?
   
2. How has the fiscal decentralization policy been argued among bureaucrats and politicians for several decades?
   
3. What are the expected effects of the fiscal decentralization policy in both economic and political contexts?
   
4. How should the Japanese government implement fiscal decentralization policy?

Mrs. Sadako Ogata assumed office as the United Nations High Commissioner for Refugees on 18 February 1991. She was elected to this post by the United Nations General Assembly on 21 December 1990, for three years starting 1 January 1991. Mrs. Ogata was reelected on 4 November 1993 for a further period of five years (January 1994 to December 1998). On 29 September 1998, Mrs. Ogata was reelected by the General Assembly to a further two-year period (see Press Release). Mrs. Ogata was Dean of the Faculty of Foreign Studies at Sophia University in Tokyo since 1989. Prior to that (1987-1988), she was Director of the Institute of International Relations at the same university. Since 1980, she was Professor at the Institute. Mrs. Ogata was the Independent Expert of the United Nations Commission on Human Rights on the Human Rights Situation in Myanmar in 1990. From 1982 to 1985, she was Representative of Japan on the United Nations Commission on Human Rights. From 1978 to 1979, she was Chairman of the Executive Board of UNICEF. Professor Ogata received a Ph.D. in Political Science from the University of California at Berkeley in 1963, an M.A. in International Relations from Georgetown University in Washington D.C. in 1953 and a B.A. from the University of the Sacred Heart in Tokyo in 1951. Professor Ogata has published a number of books on diplomatic history and international relations as well as numerous articles. Recent publications include: "Refugees, A Multilateral Response to Humanitarian Crises," Elberg Lecture delivered at the University of California, Berkeley, UNHCR 1992; "The Movement of People," RSA Journal Volume V, 140 (5432), The Royal Society for the Encouragement of Arts, Manufactures and Commerce, 1992; "Towards a European Immigration," The Philip Morris Institute for Public Policy Research, Brussels, 1993; and "Refugees in Asia: From Exodus to Solutions," Charles Rostov lecture delivered at the Johns Hopkins University, Baltimore, MD, 1995.

Following the successful migration of semiconductor foundries business to Taiwan, IC design houses are now flowing to Asia. As a result, the opportunities for venture capital investments in Greater China are increasing. Based on on-the-ground experience gained during the past ten years dealing with high-tech venture businesses between Silicon Valley and Asia, Jesse Chen will share his unique perspective on the changing dynamics of risks, timing, business sectors etc. for optimizing investments in the high tech industry in Greater China.

Jesse Chen is managing director of Maton Venture. Maton is a global venture with strategic investors and VC partners from the U.S., Europe, Japan, and Taiwan. Launched in October 1997, Maton now has thirty-two portfolio companies across Semiconductor, Communication, Software and other Information Technology industries. As of December 2002, three have gone public and five have been acquired. Jesse currently serves as board member for eleven companies.

Before Maton, Jesse co-founded BusLogic, Inc. in 1988 and served as CEO and president until it was acquired in 1996. BusLogic designed and marketed ASIC, Board and Software for the computer storage industry. Under Jesse's leadership, BusLogic achieved twenty-two quarters of consecutive growth and profitability, yielding BusLogic's first investor more than sixty times return of investment within six years. BusLogic is now part of IBM.

Jesse also served as chairman of the Global Monte Jade Science and Technology Association from 1998 to 2000 and served as Chairman of Monte Jade West from 1997 to 1998. Monte Jade has more than one thousand high tech corporate members throughout North America and Asia and more than fifty are public companies.