International Relations

FSI researchers strive to understand how countries relate to one another, and what policies are needed to achieve global stability and prosperity. International relations experts focus on the challenging U.S.-Russian relationship, the alliance between the U.S. and Japan and the limitations of America’s counterinsurgency strategy in Afghanistan.

Foreign aid is also examined by scholars trying to understand whether money earmarked for health improvements reaches those who need it most. And FSI’s Walter H. Shorenstein Asia-Pacific Research Center has published on the need for strong South Korean leadership in dealing with its northern neighbor.

FSI researchers also look at the citizens who drive international relations, studying the effects of migration and how borders shape people’s lives. Meanwhile FSI students are very much involved in this area, working with the United Nations in Ethiopia to rethink refugee communities.

Trade is also a key component of international relations, with FSI approaching the topic from a slew of angles and states. The economy of trade is rife for study, with an APARC event on the implications of more open trade policies in Japan, and FSI researchers making sense of who would benefit from a free trade zone between the European Union and the United States.

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This event is co-sponsored by NHK WORLD, Global Agenda, and the Center on Democracy, Development, and the Rule of Law.

About NHK and Global Agenda

NHK WORLD is NHK's international broadcast service. NHK is Japan’s national public broadcasting corporation and operates international television, radio, and internet services; together, they are known as NHK WORLD.

The aims of NHK WORLD are:

  • To provide both domestic and international news to the world accurately and promptly
  • To present information on Asia from various perspectives, making the best use of NHK's global network
  • To serve as a vital information lifeline in the event of major accidents and natural disasters
  • To present broadcasts with great accuracy and speed on many aspects of Japanese culture and lifestyles, recent developments in society and politics, the latest scientific and industrial trends, and Japan's role and opinions regarding important global issues
  • To foster mutual understanding between Japan and other countries and promote friendship and cultural exchange

Global Agenda” is a new program within NHK WORLD TV where world opinion leaders discuss various issues facing Japan and the rest of the world today.

Symposium Overview

Innovation is essential for economic growth, especially in advanced economies. As the catch-up phase of economic growth is ending or has ended for many Asian economies, they face the challenge of transforming their economic systems to ones that encourage innovations and use those as the most important source for growth. The panel will discuss various issues surrounding the economic system that is favorable for innovations. Silicon Valley, where Stanford University is located, has an ecosystem that is conducive to innovations. The panel will pay special attention to implications for Japan and other Asian economies.

Panelists

William Barnnett, Professor of Business Leadership, Strategy, and Organizations, Stanford Graduate School of Business

Francis Fukuyama, Director, Center on Democracy, Development, and the Rule of Law, Freeman Spogli Insititute for International Studies

Takeo Hoshi, Director, Japan Program, Shorenstein Asia-Pacific Research Center

Kenji Kushida, Research Associate, Japan Program, Shorenstein Asia-Pacific Research Center

Note

This event will be recorded and broadcast worldwide. By registering to attend you hereby grant Stanford University and NHK World permission to use encode, digitize, copy, edit, excerpt, transmit, and display the audio or videotape of your participation in this event as well as use your name, voice, likeness, biographic information, and ancillary material in connection with such audio or videotape. You understand that this event will be broadcast worldwide, which will be available to the general public. This event may also be webcast over one or more websites. By registering to attend you grant, without limitations, perpetual rights for the use and transmission and display of audio or videotape of this event. This permission is irrevocable and royalty free, and you understand that the University and NHK will act in reliance on this permission.

RSVP

RSVP for this event is mandatory as seating is limited. Doors will open at 3:00pm and the event will begin promptly at 3:30pm. Since the event is being recorded, we ask that participants arrive on time.

William Barnnett Professor of Business Leadership, Strategy, and Organizations- Graduate School of Business
Francis Fukuyama Director, Center on Democracy, Development, and the Rule of Law- FSI
Takeo Hoshi Director, Japan Program- Shorenstein APARC
Kenji Kushida Research Associate, Japan Program- Shorenstein APARC
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The Japan Program held the third annual Stanford Summer Juku on Japanese Political Economy from August 10-13. Over 40 scholars from various parts of the US and Japan participated in the conference, which took place at the Bechtel Conference Center at Encina Hall. The first two days focused on political science and the second day on economics. Distinctive features of the Summer Juku are the long times allotted to each paper to allow for two in-depth discussants and discussion among participants, as well as ample time for informal discussions and interactions among participants allowing for collaborations and expansion of the network of researchers on Japan in political science and economics. Particularly notable this year was a large number of cross-disciplinary and cross-national collaborations between scholars ranging from political science, economics, management, infomatics, and medicine.

The first day included four papers in political science. Amy Catalinac from New York University presented her paper, "Positioning Under Alternative Electoral Systems: Evidence from 7,497 Japanese Candidate Election Manifestos", with discussants Gary Cox (Stanford) and Harukata Takenaka (National Graduate Institute for Policy Studies, Japan).

Daniel Smith (Harvard University) presented a paper co-authored by Yusaku Horiuchi (Dartmouth College) and Teppei Yamamoto (MIT) entitled "Identifying Multidimensional Policy Preferences of Voters in Representative Democracies: A Cojoint Field Experiment in Japan". The Discussants for the paper were Kay Shimizu (Columbia University) and Karen Jusko (Stanford).

Harukata Takenaka from the National Graduate Institute for Policy Studies presented his paper on “Changes in Power of Japanese Prime Minister: Still Away from a Westminster Model.” Tsuneo Akaha (Middlebury Institute of International Studies at Monterey) and Kenji Kushida (Stanford University) were the discussants.

The fourth paper was “Territorial Issues and Support for the Prime Minister: A survey Experiment on Rally-‘Round-the Flag Effect in Japan” by Tetsuro Kobayashi (National Institute of Informatics, Japan) and Azusa Katagiri (Stanford), discussed by Tsuneo Akaha (Middlebury Institute of International Studies at Monterey) and Daniel Smith (Harvard).

The second day focused on political economy and international relations. Gene Park (Loyola Marymount University, and former Shorenstein Fellow at APARC) presented his paper co-authored with Saori Katada (University of Southern California) and Giacomo Chiozza (Vanderbilt University) entitled “Policy ideas and monetary policy: The Bank of Japan's delayed break with the monetary orthodoxy". Discussants were Azusa Katagiri (Stanford) and Ayako Saiki (De Netherlandsche Bank).

The second paper of the day was "The Political Economy of the Trans-Pacific Partnership: Implications beyond Economics" by Hiroki Takeuchi (Southern Methodist University), discussed by Kay Shimizu (Columbia University) and Gene Park (Loyola Marymount University). 

After lunch, Llewelyn Hughes (Australian National University) presented "Lead Markets, Vertical Specialization, and Standards Competition in Electric Vehicles" with discussants Kenji Kushida (Stanford University) and Phillip Lipscy (Stanford University). The final session was "Renegotiating the World Order: Institutional Change in International Relations” which were select chapters from a book manuscript by Phillip Lipscy (Stanford University). The discussants were Amy Catalinac (New York University) and Llewelyn Hughes (Australian National University). A group dinner followed the second day.

The third day was the kick-off for economics papers, where we also saw cross-disciplinary collaborations with colleagues from the US and Japan.

Karen Eggleston (Stanford University) presented “Medical spending and health care utilization in Japan, 2010-2014: Projections from Future Elderly Model microsimulation”, which was co-authored by Hawre Jajal (Stanford University), Brian K. Chen (University of Southern California), Hideki Hashimoto (University of Tokyo), Toshiaki Iizuka (University of Tokyo), Lena Shoemaker (Stanford University), and Jay Bhattacharya (Stanford University). Yong Suk Lee (Stanford University) was the discussant.

The second paper, "The adverse effects of value-based purchasing in health care: dynamic quantile regression with endogeneity" by Galina Besstremyannaya (Visiting Scholar, Stanford University), was discussed by Jay Battacharya (Stanford University) and Takeo Hoshi (Stanford University).

The third paper was ""How Do Agricultural Markets Respond to Radiation Risk? Evidence from the 2011 Disaster in Japan" by Kayo Tajima (Rikkyo University), Masashi Yamamoto (University of Toyama), and Daisuke Ichinose (Rikkyo University). Discussants for the paper presented by Tajima were Satoshi Koibuchi (Chuo University and Visiting Scholar, Stanford University) and Yong Suk Lee (Stanford University).

The final paper for the third day was "Shocks and Shock Absorbers in Japanese Bonds and Banks During the Global Financial Crisis" by Hyonok Kim (Tokyo Keizai University), Yukihiro Yasuda (Hitotsubashi University), and James A. Wilcox (University of California, Berkeley). Discussants were Sabrina Howell (New York University) and Suparna Chakraborty (University of San Francisco).

The final day included two papers. The first was "Impact of Financial Intermediary's Information Production on Market Value of Firm: Case Studies on the DBJ's Liquidity Providing During the Financial Crisis and the Environmental Rating of Firm" by Hiroaki Suzuoka (Development Bank of Japan), Atsushi Motohashi (Development Bank of Japan), Shinya Nakamura (Development Bank of Japan), Tomoya Maruoka (Development Bank of Japan), and Takamasa Uesugi (Development Bank of Japan), presented by Takamasa Uesugi. Discussants were Jess Diamond (Hitotsubashi University) and Masami Imai (Wesleyan University). The final paper was "Selective Disclosure: The Case of Nikkei Preview Articles" by William N. Goetzmann (Yale School of Management), Yasushi Hamao (University of Southern California), and Hidenori Takahashi (Kobe University), presented by Yasushi Hamao. Eiichiro Kazumori (University of Buffalo) was the discussant.

After the completion of four days of Summer Juku, participants who had enough time before their flights held an “uchiage” (completion celebration) gathering—a tradition at the conclusion of the Summer Juku—at “The Patio” in downtown Palo Alto for further informal exchange over drinks and appetizers.

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The participants of the Stanford Summer Juku held in August, 2015
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In 2006, the Chinese Government introduced a massive block grant program for rural compulsory education, similar to that of Title I grant in the United States. Central government provided block grants with add-on requirement to provincial governments based on total number of pupils, average per pupil spending in that province, and a cost-sharing plan that favors the economically backward provinces. Provincial governments then distributed the grants along with its own share to county government using a similar formula to cover school operating expenditures, free tuitions, and conditional cash transfers for boarding students.

 

While there have been plenty research on whether the program has buttressed the financing of rural education or crowded out local financing, little is known about its effects on the enrollment and education attainment of rural children after a decade  (Shi, 2012; Chyi & Zhou, 2014; Lü, 2014). This paper fills this glaring gap by using matched household survey data and county school expenditure data between 2000-2011 that were made available to researchers for the first time.

 

Our identification strategies are composed of three parts. First, we take advantage of the exogenous variation in the rates of cost-sharing in the two-step allocation process of the block grants to estimate “Intention to Treatment” effects of the whole program. Secondly, we compare counties receiving different proportion of subsidies from central government in a difference-in-difference framework. Thirdly, we use the IV-DID strategy that instruments the county-level education spending with the exogenous variation in the planned allocation of the grants.

 

Dr. Wei HA is currently Research Professor in Education Policy and Leadership at the Graduate School of Education and a faculty associate at the Institute of Education Economics at Peking University. Prior to joining the Peking University, he worked as policy specialists at UNICEF and UNDP for seven years in the United States and Africa. During his doctoral study at the Harvard University, he also served as a consultant at the World Bank. He has conducted research in a wide-range of fields including education economics, public health, migration, and development economics. His current research focuses on the impact evaluation of key national education policies in China such as the Rural Compulsory Education Finance Reform, and China’s efforts to build “World Class Universities” through the 211 and 985 Projects. He also examines the interaction between education and major social transformations in China such as the massive labor retrenchments at State-Owned Enterprises in the late 1990s and rising housing prices in urban China. Dr. Ha received a dual BA in Economics and Political Science and MA in Education Economics from Peking University and his PhD in Public Policy from Harvard University.

 

This event is cosponsored by the Rural Education Action Program (REAP).

Does Money Matter? The Effects of Block Grants on Education Enrollment and Attainment in Rural China
Wei HA Education Policy and Leadership at the Graduate School of Education and Institute of Education Economics at Peking University
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Note: This event is open to Stanford community members only.

Stanford ID required for entry.

Remarks are off the record. Recording, reporting and citation of remarks is strictly prohibited.

 

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rior to his confirmation in July 2014, Mr. Shear served for 32 years in the Foreign Service, most recently as the United States Ambassador to Vietnam. He has also been posted to Sapporo, Beijing, Tokyo, and Kuala Lumpur. In Washington, he has served in the Offices of Japanese, Chinese, and Korean Affairs and as the Special Assistant to the Under Secretary for Political Affairs. He was Director of the Office of Chinese and Mongolian Affairs in 2008-2009 and Deputy Assistant Secretary in the Bureau of East Asian and Pacific Affairs in 2009-2011.

 

Mr. Shear was a Rusk Fellow at Georgetown University’s institute for the Study of Diplomacy 1998-99. He is the recipient of the State Department’s Superior Honor Award and the Defense Department’s Civilian Meritorious Service Award for his work in U.S.-Japan defense relations. 

 

Mr. Shear graduated from Earlham College and has a Master’s degree in International Affairs from the Johns Hopkins School of Advanced International Studies. He also attended Waseda University, Taiwan National University, and Nanjing University. 

 

 

David B. Shear U.S. Department of Defense, <i>Assistant Secretary of Defense for Asian and Pacific Security Affairs</i>
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This event is open to Stanford undergraduate students only. 

The Center on Democracy, Development, and the Rule of Law (CDDRL) is currently accepting applications from eligible juniors due February 12, 2016 who are interested in writing their senior thesis on a subject touching upon democracy, economic development, and rule of law (DDRL) from any university department. CDDRL faculty and current honors students will be present to discuss the program and answer any questions.

For more information on the CDDRL Senior Honors Program, please click here.

 


 

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CDDRL
Encina Hall, C152
616 Jane Stanford Way
Stanford, CA 94305-6055

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Senior Fellow at the Freeman Spogli Institute for International Studies
Professor, by courtesy, of Political Science
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Stephen Stedman is a Senior Fellow at the Freeman Spogli Institute for International Studies (FSI) and the Center on Democracy, Development and the Rule of Law (CDDRL), an affiliated faculty member at CISAC, and professor of political science (by courtesy) at Stanford University. He is director of CDDRL's Fisher Family Honors Program in Democracy, Development and Rule of Law, and will be faculty director of the Program on International Relations in the School of Humanities and Sciences effective Fall 2025.

In 2011-12 Professor Stedman served as the Director for the Global Commission on Elections, Democracy, and Security, a body of eminent persons tasked with developing recommendations on promoting and protecting the integrity of elections and international electoral assistance. The Commission is a joint project of the Kofi Annan Foundation and International IDEA, an intergovernmental organization that works on international democracy and electoral assistance.

In 2003-04 Professor Stedman was Research Director of the United Nations High-level Panel on Threats, Challenges and Change and was a principal drafter of the Panel’s report, A More Secure World: Our Shared Responsibility.

In 2005 he served as Assistant Secretary-General and Special Advisor to the Secretary- General of the United Nations, with responsibility for working with governments to adopt the Panel’s recommendations for strengthening collective security and for implementing changes within the United Nations Secretariat, including the creation of a Peacebuilding Support Office, a Counter Terrorism Task Force, and a Policy Committee to act as a cabinet to the Secretary-General.

His most recent book, with Bruce Jones and Carlos Pascual, is Power and Responsibility: Creating International Order in an Era of Transnational Threats (Washington DC: Brookings Institution, 2009).

Director, Fisher Family Honors Program in Democracy, Development and Rule of Law
Director, Program in International Relations
Affiliated faculty at the Center for International Security and Cooperation
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Encina Hall, C148
616 Jane Stanford Way
Stanford, CA 94305

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Olivier Nomellini Senior Fellow at the Freeman Spogli Institute for International Studies
Director of the Ford Dorsey Master's in International Policy
Research Affiliate at The Europe Center
Professor by Courtesy, Department of Political Science
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Francis Fukuyama is the Olivier Nomellini Senior Fellow at Stanford University's Freeman Spogli Institute for International Studies (FSI), and a faculty member of FSI's Center on Democracy, Development and the Rule of Law (CDDRL). He is also Director of Stanford's Ford Dorsey Master's in International Policy, and a professor (by courtesy) of Political Science.

Dr. Fukuyama has written widely on issues in development and international politics. His 1992 book, The End of History and the Last Man, has appeared in over twenty foreign editions. His book In the Realm of the Last Man: A Memoir will be published in fall 2026.

Francis Fukuyama received his B.A. from Cornell University in classics, and his Ph.D. from Harvard in Political Science. He was a member of the Political Science Department of the RAND Corporation, and of the Policy Planning Staff of the US Department of State. From 1996-2000 he was Omer L. and Nancy Hirst Professor of Public Policy at the School of Public Policy at George Mason University, and from 2001-2010 he was Bernard L. Schwartz Professor of International Political Economy at the Paul H. Nitze School of Advanced International Studies, Johns Hopkins University. He served as a member of the President’s Council on Bioethics from 2001-2004. He is editor-in-chief of American Purpose, an online journal.

Dr. Fukuyama holds honorary doctorates from Connecticut College, Doane College, Doshisha University (Japan), Kansai University (Japan), Aarhus University (Denmark), the Pardee Rand Graduate School, and Adam Mickiewicz University (Poland). He is a non-resident fellow at the Carnegie Endowment for International Peace. He is a member of the Board of Trustees of the Rand Corporation, the Board of Trustees of Freedom House, and the Board of the Volcker Alliance. He is a fellow of the National Academy for Public Administration, a member of the American Political Science Association, and of the Council on Foreign Relations. He is married to Laura Holmgren and has three children.

(October 2025)

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Brett Carter is an Associate Professor in the Department of Political Science and International Relations at the University of Southern California, a Hoover Fellow at Stanford University's Hoover Institution, and a Faculty Affiliate at Stanford's Center on Democracy, Development and the Rule of Law. He received a Ph.D. from Harvard University, where he was a fellow at the Harvard Academy for International and Area Studies.

Carter studies politics in the world's autocracies. His first book, Propaganda in Autocracies: Institutions, Information, and the Politics of Belief (Cambridge University Press), draws on the largest archive of state propaganda ever assembled — encompassing over eight million newspaper articles in six languages from nearly 60 countries around the world — to show how political institutions shape the propaganda strategies of repressive governments. It received the William Riker Prize for the Best Book in Political Economy, the International Journal of Press/Politics Hazel Gaudet-Erskine Best Book Award, Honorable Mention for the Gregory Luebbert Award for the Best Book in Comparative Politics, and Honorable Mention for the APSA Democracy & Autocracy Section's Best Book Award.

His second book, in progress, shows how politics in Africa’s autocracies changed after the fall of the Berlin Wall and how a new era of geopolitical competition — marked by the rise of China and the resurgence of Russia — is changing them again.

Carter’s other work has appeared in the Journal of Politics, British Journal of Political Science, Perspectives on Politics, Journal of Conflict Resolution, Security Studies, China Quarterly, Journal of Democracy, and Foreign Affairs, among others. His work has been featured by The New York Times, The Economist, The National Interest, and NPR’s Radiolab.

Hoover Fellow
CDDRL Affiliated Scholar
CDDRL Visiting Scholar, 2020-2021
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Encina Hall, C150
616 Jane Stanford Way
Stanford, CA 94305

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Center Fellow, Freeman Spogli Institute for International Studies
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Didi Kuo is a Center Fellow at the Freeman Spogli Institute for International Studies (FSI) at Stanford University. She is a scholar of comparative politics with a focus on democratization, corruption and clientelism, political parties and institutions, and political reform. She is the author of The Great Retreat: How Political Parties Should Behave and Why They Don’t (Oxford University Press) and Clientelism, Capitalism, and Democracy: the rise of programmatic politics in the United States and Britain (Cambridge University Press, 2018).

She has been at Stanford since 2013 as the manager of the Program on American Democracy in Comparative Perspective and is co-director of the Fisher Family Honors Program at CDDRL. She was an Eric and Wendy Schmidt Fellow at New America and is a non-resident fellow with the Carnegie Endowment for International Peace. She received a PhD in political science from Harvard University, an MSc in Economic and Social History from Oxford University, where she studied as a Marshall Scholar, and a BA from Emory University.

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During the Republican primary debate held at the Ronald Reagan library in September, presidential candidates struggled to outdo each other in their admiration for and affinity with President Reagan. During the December 15 debate, however, everyone except Sen. Marco Rubio seemed to have rejected Ronald Reagan’s approach to foreign policy and national security. In particular, there was a serious debate about democracy promotion abroad and regime change. Most candidates came down against both. Read more...

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Michael A. McFaul
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Stanford Summer Juku on Japanese Political Economy (SSJ-JPE)

August 10-13, 2015

Oksenberg Conference Room

Stanford Japan Program at Shorenstein Asia-Pacific Research Center

The Japan Program at the Walter H. Shorenstein Asia-Pacific Research Center (S-APARC) at Stanford University started Stanford Summer Juku (SSJ) in 2013.  In SSJ, researchers on Japanese politics and Japanese economy get together and discuss their research in a relaxed setting. The third annual meeting is held at Stanford on August 10-13, 2015.  The first two days again focus on research in political science/political economy and international relations, and the latter two days focus on research in economics and business.

Takeo Hoshi, Kenji E. Kushida, Phillip Lipscy

 

Report - Stanford Summer Juku 2015

 

Program

8/10/2015

8:30-9:00    Breakfast

9:00-10:15  Session I:

"Positioning Under Alternative Electoral Systems: Evidence from 7,497 Japanese Candidate Election Manifestos", Amy Catalinac (Harvard University)

Discussants:
Gary Cox (Stanford University)
Harukata Takenaka (National Graduate Institute for Policy Studies)
 

10:15-10:45  Break

10:45-12:00  Session II:

"Identifying Multidimensional Policy Preferences of Voters in Representative Democracies: A Cojoint Field Experiment in Japan", Yusaku Horiuchi (Dartmouth College), Daniel Smith (Harvard University), and Teppei Yamamoto (Massachusetts Institute of Technology)

Discussants:
Kay Shimizu (Columbia University)
Karen Jusko (Stanford University)
 

12:00-1:00  Lunch

1:00-2:15    Session III:

"Changes in Power of Japanese Prime Minister: Still Away from a Westminster Model", Harukata Takenaka (National Graduate Institute for Policy Studies)

Discussants:
Tsuneo Akaha (Middlebury Institute of International Studies at Monterery)
Kenji Kushida (Stanford University)
 

2:15- 3:30   Session IV:

"Territorial Issues and Support for the Prime Minister: A Survey Experiment on Rally-‘Round-the Flag Effect in Japan", Tetsuro Kobayashi (National Institute of Informatics, Japan), Azusa Katagiri (Stanford University)

Discussants:
Tsuneo Akaha (Middlebury Institute of International Studies at Monterery)
Daniel Smith (Harvard University)

 

8/11/2015

8:30-9:00   Breakfast

9:00-10:15 Session I:

"Institutions and central bank norm diffusion: The Bank of Japan's delayed break with the monetary orthodoxy", Gene Park (Loyola Marymount University), Saori Katada (University of Southern California), Giacomo Chiozza (Vanderbilt University)

Discussants:
Azusa Katagiri (Stanford University)
Ayako Saiki (De Netherlandsche Bank)
 

10:15-10:45  Break

10:45-12:00  Session II:

"The Political Economy of the Trans-Pacific Parternship: Implications beyond Economics", Hiroki Takeuchi (Southern Methodist University)

Discussants:
Kay Shimizu (Columbia University)
Gene Park (Loyola Marymount University)
 

12:00-1:00  Lunch

1:00-2:15    Session III:

"Lead Markets, Vertical Specialization, and Standards Competition in Electric Vehicles", Llewelyn Hughes (George Washington University)

Discussants:
Kenji Kushida (Stanford University)
Phillip Lipscy (Stanford University)
 

2:15-3:30    Session IV:

"Renegotiating the World Order: Institutional Change in International Relations (select chapters from book manuscript)", Phillip Lipscy (Stanford University)

Discussants:
Amy Catalinac (Harvard University)
Llewelyn Hughes (George Washington University)
 

6:30        Group Dinner at Gravity Bistro and Wine Bar (544 Emerson St, Palo Alto, CA 94301)
 

 

8/12/2015

8:30-9:00    Breakfast

9:00-10:15  Session I:

"Medical spending and health care utilization in Japan, 2010-2040: Projections from a Future Elderly microsimulation", Hawre Jajal (Stanford University), Brian K. Chen (University of Southern California), Karen Eggleston (Stanford University), Hideki Hashimoto (University of Tokyo), Toshiaki Iizuka (University of Tokyo), Lena Shoemaker (Stanford University), and Jay Bhattacharya (Stanford University)

Discussants:
Yong Suk Lee (Stanford University)
TBD

10:15-10:45  Break

10:45-12:00  Session II:

"The adverse effects of value-based purchasing in health care: dynamics quantile regression with endogeneity", Galina Besstremyannaya (Visiting Scholar, Stanford University)

Discussants:
Jay Battacharya (Stanford University)
Takeo Hoshi (Stanford University)

12:00-1:00  Lunch

1:00-2:15    Session III:

How Do Agricultural Markets Respond to Radiation Risk? Evidence from the 2011 Disaster in Japan", Kayo Tajima (Rikkyo University), Masashi Yamamoto (University of Toyama), and Daisuke Ichinose (Rikkyo University)

Discussants:
Satoshi Koibuchi (Chuo University and Visiting Scholar, Stanford University)
Yong Suk Lee (Stanford University)

2:15-3:30    Session IV:

"Shocks and Shock Absorbers in Japanese Bonds and Banks During the Global Financial Crisis", Hyonok Kim (Tokyo Keizai University), Yukihiro Yasuda (Hitotsubashi University), and James A. Wilcox (University of California, Berkeley)

Discussants:
Sabrina Howell (New York University)
Suparna Chakraborty (University of San Francisco)

 

8/13/2015

8:30-9:00    Breakfast

9:00-10:15  Session I:

"Impact of Financial Intermediary's Information Production on Market Value of Firm: Case Studies on the DBJ's Liquidity Providing During the Financial Crisis and the Environmental Rating of Firm", Hiroaki Suzuoka (Development Bank of Japan), Atsushi Motohashi (Development Bank of Japan), Shinya Nakamura (Development Bank of Japan), Tomoya Maruoka (Development Bank of Japan), and Takamasa Uesugi (Development Bank of Japan)

Discussants:
Jess Diamond (Hitotsubashi University)
Masami Imai (Wesleyan University)

10:15-10:45  Break

10:45-12:00  Session II:

"Selective Disclosure: The Case of Nikkei Preview Articles", William N. Goetzmann (Yale School of Management), Yasushi Hamao (University of Southern California), and Hidenori Takahashi (Kobe University)

Discussants:
Eiichiro Kazumori (University of Buffalo)
TBD

12:00-1:00  Lunch

 

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Daniel Sneider, associate director for research at the Walter H. Shorenstein Asia-Pacific Research Center, provides an in-depth analysis of how the agreement on the “comfort women” issue between Japan and South Korea was reached late last year. In Japanese publication Toyo Keizai Online, Sneider writes that – after at least four years of negotiations between the two governments – political leadership in Seoul and Tokyo as well as pressure from the Obama administration can be credited for the breakthrough.

Read the article in English and Japanese.

Earlier in December, David Straub, associate director for the Korea Program, said the agreement is a sign of progress. He said it vindicates the victims and is a positive development for Korea-Japan relations. 

Read his comments in reporting done by Yonhap News and Voice of America.

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South Korean Foreign Minister Yun Byung-Se (Right) shakes hands with his Japanese counterpart Fumio Kishida (Left) during their meeting at the Foreign Ministry in Seoul Dec. 28, 2015.
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The breakthrough agreement on the comfort women issue between Japan and South Korea on Dec. 28, 2015, was the culmination of at least four years of negotiations between the two governments. South Korean President Park Geun-hye and Japanese Prime Minister Shinzo Abe pushed for the agreement; the Obama administration provided persistent pressure while resisting a mediation role. The danger of the agreement falling apart is apparent to officials in Washington and Seoul, and hopefully Tokyo too, writes Sneider.

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