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Stanford scholars are urging Japan to take advantage of an upcoming opportunity to show clear, heartfelt remorse for its actions surrounding World War II.

Making such amends will give Japan credibility as it seeks to assume a global leadership role well into the future, they say.

On Aug. 15, Prime Minister Shinzo Abe will publish a short statement to commemorate the 70th anniversary of the end of World War II, which follows similar practices of his predecessors.

Stanford's Walter H. Shorenstein Asia-Pacific Research Center (APARC), which has long advocated wartime reconciliation in Asia, recently issued a 15-page report in English and Japanese featuring eight hypothetical statements suggesting what the Japanese prime minister might say in his August address. The report, which is available in both English and Japanese, was recently made available to academics, media and the general public and has already received interest from the Japanese media.

The wording of Abe's statement will be scrutinized by governments and experts in Asia and around the world, the Stanford scholars say. During WWII, China and Korea, as well as other Asian nations, endured brutal Japanese military occupations.

"Many have been speculating what the (Abe) statement will be like," wrote Takeo Hoshi, director of the Japan Program at the Shorenstein Center, and APARC associate director for research Daniel Sneider in the report.

For example, Hoshi and Sneider asked, will Abe follow the direction set by prior Japanese prime ministers by expressing remorse for the suffering of Japan's Asian neighbors while apologizing for past aggression and colonization? Future collaboration in world affairs is also important, they added.

"We asked our colleagues what they would say in the 70th anniversary statement if they were the prime minister of Japan, and to write their own version of the statement," Hoshi and Sneider wrote.

"Our goal is to understand the diversity of reasonable views on the issue of Japan's responsibility for the cruel and violent war and Japan's role in building a peaceful and prosperous world," Hoshi and Sneider said.

The Stanford experts who wrote the statements included Hoshi and Sneider as well as Alberto Diaz-Cayeros, a senior fellow at the Freeman Spogli Institute for International Studies; Peter Duus, a professor emeritus of Japanese history; Thomas Fingar, a distinguished fellow at the Freeman Spogli Institute; David Holloway, a professor of international history and of political science; Yong Suk Lee, the SK Center Fellow at the Freeman Spogli Institute; and Harry Rowen, a professor emeritus of public policy and management.

For example, Fingar said in his version, "Let us also resolve to make the 80th anniversary of World War II the 10th anniversary of a more cooperative, more inclusive, and more secure region," and Hoshi wrote in his version, "To avoid any potential misunderstandings, Japan needs to recall past failures, remember the suffering of neighboring Asian peoples, and reaffirm the commitment to world peace more than ever."

On the subject of women, Lee's version noted, "The war and Japan's colonial rule created much suffering, but I would like to especially ask forgiveness to the women from many nations who suffered under colonial rule."

In August 2014, the Shorenstein Asia-Pacific Research Center issued a report on a Stanford-hosted dialogue on World War II memories in northeast Asia. Heightened tensions the last few years among the governments of China, Japan and South Korea have revolved around territorial disputes and the way WWII is portrayed in speeches and educational materials.

"Each nation in northeast Asia and even the U.S. has selective or divided memories of the past, and does not really understand the views of the other side," said Stanford's Gi-Wook Shin, director of the Shorenstein center, in a 2014 Stanford news release.

Clifton Parker is a writer for the Stanford News Service.

Responses to the project

Toyo Keizai, a leading Japanese business weekly, published all eight verisons in English and Japanese stating, "we hope this will provide an opportunity to bring about a wide range of discussion."

University of Tokyo professor Tetsuji Okazaki wrote about the project in the Asahi Shimbun (the article is in Japanese and also attached as a PDF below).

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8月15日、安倍首相は第2次大戦終結70周年を記念する談話を発表する。戦後50周年(1995年)の村山談話、そして60周年(2005年)の小泉談話に続くものだ。

ショーレンスタイン・アジア太平洋研究センター (APARC) とフリーマン・スポグリ国際研究所 (FSI) に所属する8人の学者が、自分が日本の首相だったら発表するであろう談話を書き上げた。

英語版はこちらをご覧ください。

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On August 15, Prime Minister Shinzo Abe will publish a short statement to commemorate the seventieth anniversary of the end of World War II.  This follows similar practices of his predecessors.  Prime Minister Tomiichi Murayama started by delivering a short statement on the fiftieth anniversary in 1995.  Prime Minister Junichiro Koizumi followed in 2005 with the statement on the sixtieth anniversary.

Eight scholars at Shorenstein Asia-Pacific Research Center (APARC) and Freeman Spogli Institute for International Studies (FSI) wrote their own version of the statement -- what speech they would deliver if they were the Prime Miniser of Japan.  This book is a compilation of those statements.

Japanese version is also available here.

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Alberto Díaz-Cayeros
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David Holloway
Takeo Hoshi
Yong Suk Lee
Henry S. Rowen
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It’s been 29 years since the Chernobyl nuclear disaster, but two nuclear security experts affiliated with the Center for International Security and Cooperation (CISAC) say there are still lessons to be learned from the worst nuclear accident of the 20th century.

In a new book by Sonja Schmid, the former CISAC science fellow argues that the consensus in the West about the cause of the disaster – that it was an inevitable result of a deeply flawed, backward Soviet system –  has precluded Western nuclear industries and policymakers from meaningfully incorporating the Soviet experience into their own practices.

The book, “Producing Power: The Pre-Chernobyl History of the Soviet Nuclear Industry”, is being praised by leading experts in the nuclear security field, including Freeman-Spogli Institute (FSI) Senior Fellow David Holloway who wrote: "[Schmid's] argument that the Soviet experience has to be incorporated into our broader understanding of the nuclear industry is both convincing and important."

Schmid was a social science research associate at Stanford University, a science fellow at CISAC, and a lecturer in the Program in Science, Technology and Society (STS) at Stanford from 2005-2007. She is now an assistant professor in Virginia Tech’s STS Department.

Schmid credits CISAC with providing resources crucial to the conception, research, and completion of “Producing Power,” including multiple travel grants to conduct research for the book, help with editing preliminary drafts, and a final book edit.

Schmid also tapped CISAC’s stable of nuclear experts. Along with Holloway, CISAC Associate Director for Research Lynn Eden mentored and supported her project. Siegfried Hecker, an FSI senior fellow, connected her with multiple Russian interviewees.

“Mentoring Sonja was a great pleasure. She came to CISAC with deep insight about the close connection between Soviet state bureaucracies and the reactor design choices that those bureaucrats made. It was an amazingly interesting and ambitious project,” Eden said.

“CISAC is a scholarly community that encourages and supports outstanding research and writing that is in some way policy-relevant,” she said. “For our pre- and post-doctoral fellows especially, we want to encourage them and help them to think deeply and/or broadly about a question that affects people’s lives, and to write clearly about it.”

Edward Geist, a MacArthur Nuclear Security Fellow at CISAC, said Schmid’s book is the first to grapple with the institutional history of Soviet nuclear power.

“The traditional accounts have tended to organize events around a ‘what went wrong’ narrative,” said Geist, whose article “Political Fallout: The Failure of the Emergency Management at Chernobyl”, appeared in the spring issue of Slavic Review. ”There’s a school of thought that emerged in the Soviet Union and was readily picked up abroad that says the Chernobyl disaster was the ultimate example of everything that was wrong with the Soviet Union,” Geist said.

This worries Geist, who specializes in nuclear power, Soviet history, and emergency management.

“As a result of having lived through the worst, Russian and Ukrainian nuclear energy industry leaders, to my mind, actually have a more realistic mindset regarding the hazards of nuclear energy than their Western counterparts,” Geist said.  “While a catastrophic nuclear accident in the United States is really unlikely, the nuclear industry claims to have made nuclear power safe through superior methods and procedures–and that attitude can forestall effective emergency planning.”

The Chernobyl disaster hurt popular trust in nuclear energy, including in the United States. The still-popular narrative that Chernobyl was a problem purely of Soviet making was spun by representatives of nuclear industries in other countries to protect their interests from popular backlash.

By detailing the decision processes and procedures behind the Soviet Union’s nuclear reactor choice, design and commercialization, Schmid aims to show that the Soviet process was rational and the product of expert input rather than an irrational byproduct of the Communist regime. Chernobyl, in short, was an accident of history rather than a byproduct of an illegitimate system and should therefore be studied by members of the Western nuclear industry and policymakers.

“The Western nuclear field has more to learn from the Soviet experience than they care to admit. The bureaucratic practices of the Soviets are not really that unique to them and can be repeated by our bureaucracies,” said Geist.

The 2011 Fukushima nuclear disaster in Japan was a case in point. Fukushima’s reactors were designed and built by Americans.

It’s Schmid’s hope that by putting Chernobyl in the context of what was a sophisticated nuclear energy bureaucracy that had many more successes than failures, much like its American counterpart, that lessons of caution can be drawn by the latter.

“What Chernobyl has demonstrated (and Fukushima has only confirmed),” writes Schmid, “is that organizing a civilian nuclear industry remains at best a high-stakes process of trial and error.”

Geist, with an eye on his field of emergency management, agrees.

“The lesson from Chernobyl and Fukushima is accidents happen no matter what procedures or levels of sophistication, but accidents need not be catastrophes if you’re willing to learn from others’ errors and incorporate them into planning.”

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Japan must transform its economy in a way that mirrors the innovation ethos in places like Silicon Valley and Stanford University, Japanese Prime Minister Shinzo Abe said Thursday during a speech on campus.

As an example of how to encourage such creativity, Abe hailed a new partnership starting this fall with Stanford that will train the next generation of biomedical experts. In doing so, he urged a "fundamental change" in how Japanese society views the process of innovation, from how ideas originate to competition in the marketplace.

Japan Biodesign will be launched in collaboration with the Stanford Biodesign program and five higher education and research institutions in Japan. Faculty members will work together to create new interdisciplinary systems based on Stanford Biodesign. Stanford leaders will train and mentor their Japanese colleagues.

Abe, who is the first Japanese prime minister to visit Stanford, marveled at how the tech sector in the United States has "consistently evolved at top speed."

He said, "I want the best and brightest Japanese talent" to learn about Silicon Valley.

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The Japanese leader also announced more plans to connect Japanese companies, employees and networking events with Silicon Valley and places like Stanford. He said it was important for the participants to emerge "reborn" with a well-honed sense of how to succeed in a highly competitive global marketplace.

Abe shared the Bing Concert Hall stage with Stanford President John Hennessy and George Shultz, the former U.S. Secretary of State and distinguished fellow at the Hoover Institution. Abe's talk, titled "Innovation, Japan and Silicon Valley Symposium," included an introduction and remarks by Hennessy and Shultz. The event drew a full house of invited guests and members of the Stanford community.

"It is a great honor" to be at Stanford, Abe said in beginning his remarks.

He noted that Japan is revisiting its regulatory and tax systems in order to encourage more economic dynamism and competition. "The Japanese people will benefit from innovation," he said.

The challenge, he acknowledged, has been the slow pace of innovation in Japan. Today, however, the Internet economy and big data are creating "enormous changes" in his country's economic approach, he said. "We have to catch up, or otherwise Japan will lose vitality," Abe added.

Cultural connections

In his introduction of Abe, Hennessy chronicled Stanford's long history and friendship with Japan and its people.

Japan, he said, is home to more Stanford alumni than any other Asian country, and when the university's doors first opened in 1891, the pioneer class included a Japanese student. Currently, 139 students from Japan are enrolled at Stanford.

Hennessey described Abe as focused on revitalizing Japan's economy and stewarding it toward a greater global role.

Shultz, who knew Abe's parents, shared recollections of poignant moments between Abe's politically prominent family and his own.

Abe joined a roundtable discussion after his speech with Michael McFaul, director of the Freeman Spogli Institute for International Studies; Stanford Board of Trustees Chair Steve Denning; Stanford School of Medicine Dean Lloyd Minor; Stanford political science Professor Emeritus Daniel Okimoto; Yahoo co-founder Jerry Yang; and Twitter co-founder Jack Dorsey, among other scholars and dignitaries. He also met with Stanford students before leaving campus.

Afterward, McFaul wrote in an email, "I think it is fantastic that Prime Minister Abe came to Stanford and Silicon Valley after his very successful visit to Washington. He demonstrated that deepening U.S.-Japanese relations requires not only strong government-to-government ties, but also deepening ties between our societies, including educational institutions like Stanford."

Abe's state visit to the United States this week included the first address by a Japanese leader to a joint session of Congress. Abe served as prime minister of Japan in 2006-07 and returned to the position in 2012.

'Working together'

On Tuesday, U.S. President Barack Obama said after a meeting with Abe that the two countries had made progress in trade talks on a massive 12-nation trade deal that would open markets around the Pacific Rim to U.S. exports. Both nations face domestic political obstacles to concluding the Trans-Pacific Partnership agreement.

"This agreement would expand the coverage of the free trade agreements for both Japan and the U.S. substantially," said Stanford economist Takeo Hoshi, director of the Japan Program at the Shorenstein Asia-Pacific Research Center, in an interview. "The U.S. and Japan have been working together to maintain peace and sustain economic growth in the Pacific Asia."

Hoshi said that Abe's visit to the Silicon Valley confirms that Japan is serious about transforming its economy from one based on exports to one focused on innovations.

"Going forward, we can learn a lot from Japanese experience and their reform attempts," said Hoshi, who is also a senior fellow at the Freeman Spogli Institute.

Hoshi spoke with The Associated Press just before Abe’s arrival to California, citing Silicon Valley as the ideal place for Japan to learn about innovation. He also joined KQED’s Forum to discuss the current state of the U.S.-Japan alliance. Later, he was interviewed by BBC Business about Abe's visit to Stanford.

Stanford Biodesign

Founded in 2001, Stanford Biodesign has pioneered a new training methodology in which interdisciplinary teams of engineers and physicians go through a rigorous process of carefully characterizing unsolved clinical needs before jumping to technology solutions.

For the Japan Biodesign program, the bulk of the educational activities will take place at the campuses of the partner Japanese universities.

Clifton Parker is a writer for the Stanford News Service.

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Japanese Prime Minister Shinzo Abe speaks at Stanford about innovation in Japan and Silicon Valley. He was also joined on stage by Stanford President John Hennessy and George Shultz, the former U.S. Secretary of State and a distinguished fellow at the Hoover Institution (below).
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Abstract:

Enhancing corporate governance has been an emphasis in Abenomics economic reform.  The Stewardship Code established in 2014 has defined principles that institutional investors should follow to enhance the long-term investment return for their beneficiaries.  The institutional investors are now expected to engage "constructively" with the investee companies to increase the corporate value, including discussion on corporate governance changes.  Another related development in 2014 was the introduction of JPX Nikkei Index 400, which is a new stock price index calculated from the stock prices of 400 companies with "high appeal to investors."  Following this, many Japanese companies started to improve their corporate governance and accounting practices to increase their chances to be among the 400 companies.  Now Corporate Governance Code, which defines principles for effective corporate governance, is being developed, adding another impetus for Japanese companies to change.  We invite two business leaders in Japan who have been leading the change.  Kazuhiko Toyama was a member of the committee that drafted the Corporate Governance Code.  Masaaki Tanaka has been pushing the corporate governance reform at Mitsubishi UFJ Financial Group (MUFG), the largest financial institution in Japan.

Speaker Bios:

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Takeo Hoshi is Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Walter H. Shorenstein Asia-Pacific Research Center (S-APARC), all at Stanford University. Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy. He received 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association Nakahara Prize. His book Corporate Financing and Governance in Japan: The Road to the Future co-authored with Anil Kashyap received the Nikkei Award for the Best Economics Books in 2002. B.A., University of Tokyo (1983). Ph.D. (Economics), Massachusetts Institute of Technology (1988).

 

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Masaaki (Masa) Tanaka is Representative Director and Deputy President of Mitsubishi UFJ Financial Group, Inc. (MUFG), the largest financial group in Japan.  He assumed this position in 2012 after serving as CEO for the Americas for the Bank of Tokyo-Mitsubishi UFJ, (BTMU), one of the wholly owned subsidiaries and the principal revenue-generating entity of MUFG from 2010 to 2012, and President and CEO of Union Bank, BTMU’s West Coast subsidiary, from 2007 to 2010.  Mr. Tanaka also serves on the Board of Morgan Stanley since 2011, and currently serves as Vice Chairman of the Board of Councilors of the U.S. Japan Council. In Mr. Tanaka’s current assignment, he directly reports to CEO with general responsibility to oversee all business groups of MUFG, including overseas business.  His responsibility also includes oversight over corporate functions, including corporate governance, strategic and financial planning, and enterprise risk management.  He oversees highly complex business operation with global reach and is responsible for ensuring compliance with all regulatory requirements.  Mr. Tanaka holds a law degree from the University of Tokyo and a Master of Laws Degree from the University of Michigan Law School.

 

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Kazuhiko Toyama is CEO of Industrial Growth Platform, Inc.  He has started his career with BCG and later became one of the founding members of Corporate Directions, Inc. (CDI), a Tokyo-based independent management consulting firm, eventually becoming its CEO. In 2003, he was appointed to lead Industrial Revitalization Corporation of Japan (IRCJ), a government-backed restructuring fund, as COO. In 2007, when IRCJ was dissolved, he founded Industrial Growth Platform, Inc. (IGPI), which he currently runs as its CEO. He graduated from Faculty of Law of the University of Tokyo and holds an MBA from Stanford University. He has passed the Japanese National Bar Examination. 
Vice Chairperson of KEIZAI DOYUKAI (Japan Association of Corporate Executives), Expert member of Council on Economic Fiscal Policy (MOF), Member of The Tax Commission (CAO), Member of Committee for National University Corporation Evaluation, Department of Innovation Program (MEXT), Member of the Council of Experts Concerning the Corporate Governance Code (FSA), Outside director of OMRON Corporation and Pia Corporation.

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Former Henri H. and Tomoye Takahashi Senior Fellow in Japanese Studies at the Freeman Spogli Institute for International Studies
Former Professor, by courtesy, of Finance at the Graduate School of Business
takeo_hoshi_2018.jpg PhD

Takeo Hoshi was Henri and Tomoye Takahashi Senior Fellow at the Freeman Spogli Institute for International Studies (FSI), Professor of Finance (by courtesy) at the Graduate School of Business, and Director of the Japan Program at the Shorenstein Asia-Pacific Research Center (APARC), all at Stanford University. He served in these roles until August 2019.

Before he joined Stanford in 2012, he was Pacific Economic Cooperation Professor in International Economic Relations at the Graduate School of International Relations and Pacific Studies (IR/PS) at University of California, San Diego (UCSD), where he conducted research and taught since 1988.

Hoshi is also Visiting Scholar at Federal Reserve Bank of San Francisco, Research Associate at the National Bureau of Economic Research (NBER) and at the Tokyo Center for Economic Research (TCER), and Senior Fellow at the Asian Bureau of Finance and Economic Research (ABFER). His main research interest includes corporate finance, banking, monetary policy and the Japanese economy.

He received 2015 Japanese Bankers Academic Research Promotion Foundation Award, 2011 Reischauer International Education Award of Japan Society of San Diego and Tijuana, 2006 Enjoji Jiro Memorial Prize of Nihon Keizai Shimbun-sha, and 2005 Japan Economic Association-Nakahara Prize.  His book titled Corporate Financing and Governance in Japan: The Road to the Future (MIT Press, 2001) co-authored with Anil Kashyap (Booth School of Business, University of Chicago) received the Nikkei Award for the Best Economics Books in 2002.  Other publications include “Will the U.S. and Europe Avoid a Lost Decade?  Lessons from Japan’s Post Crisis Experience” (Joint with Anil K Kashyap), IMF Economic Review, 2015, “Japan’s Financial Regulatory Responses to the Global Financial Crisis” (Joint with Kimie Harada, Masami Imai, Satoshi Koibuchi, and Ayako Yasuda), Journal of Financial Economic Policy, 2015, “Defying Gravity: Can Japanese sovereign debt continue to increase without a crisis?” (Joint with Takatoshi Ito) Economic Policy, 2014, “Will the U.S. Bank Recapitalization Succeed? Eight Lessons from Japan” (with Anil Kashyap), Journal of Financial Economics, 2010, and “Zombie Lending and Depressed Restructuring in Japan” (Joint with Ricardo Caballero and Anil Kashyap), American Economic Review, December 2008.

Hoshi received his B.A. in Social Sciences from the University of Tokyo in 1983, and a Ph.D. in Economics from the Massachusetts Institute of Technology in 1988.

Former Director of the Japan Program at the Shorenstein Asia-Pacific Research Center
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In conversation with Shorenstein APARC, Takeo Hoshi, Stanford professor and director of the Japan Program, discusses his intial draw to studying the Japanese economy, and its intersections with finance and public policy. Hoshi highlights some of his recent research and the Japan Program's upcoming activities, including a new student course focused on innovation-based economic growth in Silicon Valley and Japan.

What led you to study the Japanese economy?

I majored in social sciences as an undergrad at the University of Tokyo. I was especially intrigued by macroeconomics – the study of the aggregate economy (GDP growth, inflation, unemployment, etc.).  I came to the United States to pursue graduate studies at the Massachusetts Institute for Technology. In the 1980s, Japan’s economy was growing relatively fast and performing better than the United States and other advanced economies. Japan was boring for a macroeconomist. But soon after I got my doctorate in economics, Japan started to encounter some economic problems and became interesting, so this is what I started to investigate. I shifted my focus from theoretical work to empirical work, and began to look at the Japanese economy, especially its financial aspects.

Can you tell us more about your current research focus?

I have continued to do research on Japan’s financial system. I have just completed two papers on this subject. One examines financial regulatory changes in Japan after the global financial crisis, and the second studies the development of capital market regulations in Japan, again focusing on the period after the global financial crisis. I also have a research project on institutional foundations for innovation-based economic growth. I work with Kenji Kushida, also at Shorenstein APARC, and Richard Dasher, at the U.S.-Asia Technology Management Center, for this project. We study the economy seen in Silicon Valley, perhaps the best example of innovation-based economic growth, and examine what Japan needs to do to achieve similar growth. For example, here in Silicon Valley, venture capital plays a very important role in providing capital to startups. In Japan, the role and size of venture capital is much smaller. We’ve been researching to find out why this is. Good ideas always exist in a society, but depending on the condition of the economy and policies created, entrepreneurs may find barriers to getting them anywhere without access to capital. It’s about connecting capital to the right ideas at the right time.

What’s ahead for the Japan Program this year?

The Japan Program has several events coming up. In April, an event will focus on international terrorism and how Japan faces newer security threats such as the Islamic State. Given the recent killings of the Japanese hostages, the threat of international terrorism is evident to people in Japan. For U.S. citizens, it’s been apparent for awhile, but for Japanese citizens it is a more recent realization. The Japan Program also has an upcoming project that highlights the 70th anniversary of World War II, which is being commemorated this year. At the 50th and 60th anniversaries of the War, the prime minister of Japan gave a short statement reflecting on Japan’s past actions and reinforcing its pacifist vision for the future. The current leader Shinzo Abe will also do this. Colleagues from Shorenstein APARC and the Freeman Spogli Institute for International Studies have been asked to write a short statement that they would give if they were in the Prime Minister’s shoes. A broad cross section of faculty authors coming from different disciplines are participating and will provide diverse views. The collection of statements will be compiled into a report (in both English and Japanese).

This spring, you’re teaching a new course Innovation Based Economic Growth. What makes this course unique?

I’m very excited to be back teaching again. Since arriving at Stanford in 2011, I haven’t yet taught a course, so it’s a great opportunity. It’s a project-based course focused on innovation policy in Japan. Students will form groups and perform research on several policies aimed at encouraging innovations in Japanese businesses. Students will then analyze those policies once they are implemented. In the process, students will develop a framework for policy evaluation. And for some of those policies, we may be able to collaborate with a part of the Japanese government to implement a policy evaluation framework.

Tell us something we don’t know about you.

I am a devote San Diego Chargers fan. And, as a child, my dream job was to own a hardware store.

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Publication of the Japanese translation of Thomas Piketty’s “Capital in the 21st Century” last December and his visit to Tokyo in January has rekindled a national debate over a growing economic disparity in Japan. Is income inequality rising in Japan? Does it follow in the footsteps of the U.S. and other Anglo-Saxon countries, as Piketty predicts? Is the rich growing richer, or the poor getting poorer? In this talk, Professor Moriguchi reviews recent trends in income disparity in Japan, using top income shares and other measures, and evaluate their significance from both historical and international perspectives.
 
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Chiaki Moriguchi
is a Fulbright Visiting Professor at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) during the 2014–15 academic year. She joins APARC from Hitotsubashi University’s Institute of Economic Research in Tokyo, where she serves as a professor. She was an assistant professor at Harvard Business School and Northwestern University prior to joining Hitotsubashi University.
 
Her main research fields are economic history and comparative institutional analysis. Her research interests include comparative analysis of child adoption in the U.S. Japan, and Korea; comparative analysis of state capacity in Qing China and Tokugawa Japan; the long-run evolution of income inequality in Japan; the economic impacts of the Great East Japan Earthquake; and the comparative historical analysis of employment systems in the U.S. and Japan. During her visit at APARC, she will conduct research on educational outcomes of adopted children in the U.S. and on income and wealth inequality in Japan.
 
Chiaki received a PhD in economics from Stanford University and an MA in economics from Osaka University, Japan.

 

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Chiaki Moriguchi is a Fulbright Visiting Professor at the Walter H. Shorenstein Asia-Pacific Research Center (Shorenstein APARC) during the 2014–15 academic year. She joins APARC from Hitotsubashi University’s Institute of Economic Research in Tokyo, where she serves as a professor. She was an assistant professor at Harvard Business School and Northwestern University prior to joining Hitotsubashi University. Her main research fields are economic history and comparative institutional analysis. Her research interests include comparative analysis of child adoption in the U.S. Japan, and Korea; comparative analysis of state capacity in Qing China and Tokugawa Japan; the long-run evolution of income inequality in Japan; the economic impacts of the Great East Japan Earthquake; and the comparative historical analysis of employment systems in the U.S. and Japan. During her visit at APARC, she will conduct research on educational outcomes of adopted children in the U.S. and on income and wealth inequality in Japan. Chiaki has published her work in the Journal of Economic Growth, Review of Economics and Statistics, Industrial and Labor Relations Review, Journal of Economic History, and other academic journals. She is on the editorial board of the Journal of Economic History. She received the 2011 Japan Society for the Promotion of Science Prize. She is also a commentator and contributor to the Japanese media, including NHK, Nikkei, Asahi, and Mainichi. Chiaki received a PhD in economics from Stanford University and an MA in economics from Osaka University, Japan.
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Global Talent seeks to examine the utility of skilled foreigners beyond their human capital value by focusing on their social capital potential, especially their role as transnational bridges between host and home countries. Gi-Wook Shin (Stanford University) and Joon Nak Choi (Hong Kong University of Science and Technology) build on an emerging stream of research that conceptualizes global labor mobility as a positive-sum game in which countries and businesses benefit from building ties across geographic space, rather than the zero-sum game implied by the "global war for talent" and "brain drain" metaphors.

"Advanced economies like Korea face a growing mismatch between low birth rates and increasing demand for skilled labor. Shin and Choi use original, comprehensive data and a global outlook to provide careful, accessible and persuasive analysis. Their prescriptions for Korea and other economies challenged by high-level labor shortages will amply reward readers of this landmark study."  —Mark Granovetter, Professor of Sociology, Stanford University

The book empirically demonstrates its thesis by examination of the case of Korea: a state archetypical of those that have been embracing economic globalization while facing a demographic crisis—and one where the dominant narrative on the recruitment of skilled foreigners is largely negative. It reveals the unique benefits that foreign students and professionals can provide to Korea, by enhancing Korean firms' competitiveness in the global marketplace and by generating new jobs for Korean citizens rather than taking them away. As this research and its key findings are relevant to other advanced societies that seek to utilize skilled foreigners for economic development, the arguments made in this book offer insights that extend well beyond the Korean experience.

Media coverage related to the research project:  

Dong-A Ilbo, January 27, 2016

Interiew with Arirang TV, March 10, 2016 (Upfront Ep101 - "Significance of attacting global talent," interview with Arirang)

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