thurston

Information about thurston

Published on October 9, 2007

Author: FunSchool

Source: authorstream.com

Content

Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University “We cannot sit huddled within our borders and avow ourselves merely an assemblage of well-to-do hucksters, who care nothing for what happens beyond.” Theodore Roosevelt, Address Before the Hamilton Club, April 10, 1899. Japan’s Greatest Achievement in the 20th C. - victories over Russia during the Russo-Japanese War, 1904-05. After Portsmouth Peace Conference, for which he received the Nobel Prize, Theodore Roosevelt commissioned in 1906 the Great White Fleet to sail around the globe, displaying the “Big Stick” The San Francisco Earthquake of 1906 (3,000 deaths) triggered a new wave of immigration and of discrimination. Eleven years later, the seeds of World War II had been well-sown. Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University The infamy of September 11, 2001 ….. September 12, 2001: The U.S.S. Theodore Roosevelt Battle Group is commissioned to sail from Norfolk Virginia to the Mediterranean Sea. What is different with the picture? …. (After 1905, a weak China was a greater menace to Japan than a weak Korea (after 1882); After 2001, a strong China is a greater menace to Japan than a unified Korea.) Perhaps…. nothing but the same result if WE ARE NOT CAREFUL! Our leaders were naïve and ignorant then of Asia, failing to understand the intricate undercurrents of millennium old balances of culture and of power. Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University Japan has entered another new millennium of significant challenges and uncertainties. Major, unparalleled change forces; NEVER before experienced. Japan is not just on the verge of a major recession, it is here. We must be concerned: (i) serious impact of Japan’s situation on global economic conditions, especially throughout the Asia-Pacific region; and (ii) leaving an Asia-Pacific balance of power in China’s favor. Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University The current environment: September 7th - downgrading by Moody’s of Aa2 rating. Corporate restructuring at a torrid pace, both private and public. Deteriorating bank debt conditions: 8.6 trillion yen in new bad loans emerged in the year ended March 31 at 137 Japanese banks Eighteen big banks saw the emergence of 4.3 trillion yen in fresh bad loans in fiscal 2000. Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University Bank debt continued. Regional banks saw 4.4 trillion yen in new bad loans. The bad loan balance as of March 31 at 16 big banks stood at 11.7 trillion yen, meaning that 5-6 trillion yen a year must be cleared away from the books each year for the government's target to be met. The Problem: new accounting standards require banks to deduct 60% of unrealized losses on securities from retained earnings Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University The Problem continued: When the Nikkei fell below the 10,000 yen level on September 12th (first time in 17 years!!!), all major banks suffered unrealized losses on portfolio equity, making it difficult to pay dividends in some cases. The new rules are expected to force Japan's big four banking groups, including Mitsubishi Tokyo Financial Group Inc., to realize losses of up to 200 billion yen each. Banks will be required to deduct about 60% of their unrealized losses from retained earnings, a component of shareholders' equity, under mark-to-market accounting rules due to take effect from the current fiscal year. Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University The Challenge: many major banks have decided or are likely to decide to skip their interim dividend payouts and pay dividends at fiscal year-end, but some analysts are concerned about their ability to pay even year-end dividends. Daiwa Bank, Chuo Mitsui Trust & Banking Co., and Asahi Bank have announced that they will skip interim dividends, while Sumitomo Mitsui Banking Corp., Sumitomo Trust & Banking Co. and Mizuho Holdings Inc. are likely to follow suit Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University Financial Balance of Power is shifting to Shanghai. Other challenges (Nikkei Forecasts), 2 examples: Unemployment Rate (rising from 1995 = 2,100,000 @ 3.2% ) Due Out: September 28, 2001, 8:00 JST Figures For: August Average Forecast: 5.1% Officially Announced Figure For Previous Month: 5.0% Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University Nikkei Forecasts Continued. September Tokyo CPI. Due Out: September 28, 2001, 8:00 JST Figures For: September For Tokyo, August For Nationwide Average Forecast: (0.9)% On Year; (0.8)% On Year Nationwide Announced Figure For Previous Month: (0.9)%;( 0.8)% Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University Prior to the infamy of September 11th, the collapse of Japan’s economic prowess had already weakened its position vis-à-vis Asian economies. Myriad other socio-political issues, two recent examples: Prime Minister Koizumi’s visit to the Yasukuni Shrine on August 15th had further exasperated that decline (the Shrine is dedicated to Japan’s war dead but also contains the remains of a number of Japanese wartime criminals.) The Japanese government has sought to limit imports from various Asian countries, which goods the Japanese Government was claiming were being “dumped” on the Japanese market. Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University If Tokyo introduces new restrictions on Chinese textiles, the fear is that Beijing will cut exports from China-based Japanese factories. That would be a blow to firms that have shifted production to China in an effort to survive. Even more serious would be the damage to Japan's credibility as a champion of free trade. Tokyo, which has also started a dumping probe into polyester staple made by South Korean and Taiwanese companies, would be branded a convert to the protectionist camp, hampering Japan's efforts toward a multilateral free trade pact in Asia. The ruling coalition will come under increasing political pressure to pander to domestic lobbying by troubled industries as the upper house election draws near. If he is going to keep his structural reform crusade on the rails, Koizumi will need to ensure his trade policy is not compromised.” The Nihon Keizai Shimbun, Wednesday morning edition, August 16, 2001, Tokyo, Japan Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University On the other hand…. Japan’s savings rate is rising exponentially - the world’s highest; Japan’s foreign exchange reserves: world’s highest for 21st consecutive month at U.S. $372.22 billion; Yen is at 118 avg; Regulatory reform is continuing unabated; Foreign direct investment (finance/insurance sector) surged 101.2 %; Japanese manufacturers invested in China in record numbers ($2.1 billion in first four months of FY2001 alone for an increase of 117%); 80% + Japanese will be connected to internet by 2005 (of which there will be 66m net-enabled phones in use); and More fiber optic cable has been buried in Japan than in the US. Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University:  Conundrum and Challenges: Japan’s Impact on Asia Pacific Political Economy? Asian Studies Symposium Southern Methodist University Chinese Proverb: “A frog in a well shaft sees the sky differently” Arising from an argument between a bird who stopped to drink at a well and a frog therein. They argued about how the sky looked. The frog’s vision was of course very limited. “By recognizing Japan’s power where we should we see things we would otherwise not be aware of.” The Enigma of Japanese Power, Karel van Wolfren, 1988.

Related presentations


Other presentations created by FunSchool

Got Discipline PowerPoint
18. 06. 2007
0 views

Got Discipline PowerPoint

InterAccess
30. 04. 2008
0 views

InterAccess

lockin1
28. 04. 2008
0 views

lockin1

IIEF MCX
22. 04. 2008
0 views

IIEF MCX

MapAccNov01
18. 04. 2008
0 views

MapAccNov01

ICW Presentation
17. 04. 2008
0 views

ICW Presentation

Lecture 9 Macro model
16. 04. 2008
0 views

Lecture 9 Macro model

ATE12
14. 04. 2008
0 views

ATE12

TeAM NEF ESF Report
13. 04. 2008
0 views

TeAM NEF ESF Report

SAEA06Robinson
10. 04. 2008
0 views

SAEA06Robinson

Larose
09. 04. 2008
0 views

Larose

dairybreeds
19. 10. 2007
0 views

dairybreeds

hex
18. 09. 2007
0 views

hex

infocom2001sfb
18. 09. 2007
0 views

infocom2001sfb

2003 Student Info System IBM
18. 09. 2007
0 views

2003 Student Info System IBM

vfpweb
18. 09. 2007
0 views

vfpweb

Fine Art and Literature
13. 10. 2007
0 views

Fine Art and Literature

cell3
15. 10. 2007
0 views

cell3

opel
19. 10. 2007
0 views

opel

horrocks
23. 10. 2007
0 views

horrocks

yang45
15. 10. 2007
0 views

yang45

GGFpart2
28. 11. 2007
0 views

GGFpart2

Sunken backbone game
10. 10. 2007
0 views

Sunken backbone game

BrandtPadua
16. 10. 2007
0 views

BrandtPadua

Lectures4 5 Ch2
07. 11. 2007
0 views

Lectures4 5 Ch2

vugia emerging
23. 10. 2007
0 views

vugia emerging

1a co clustering
19. 11. 2007
0 views

1a co clustering

mobopts 5
01. 12. 2007
0 views

mobopts 5

majoranastatus
10. 12. 2007
0 views

majoranastatus

Northern Renaissance Art
14. 12. 2007
0 views

Northern Renaissance Art

world Hunger
13. 08. 2007
0 views

world Hunger

unconscious Origins
13. 08. 2007
0 views

unconscious Origins

Vending Ala Carte
13. 08. 2007
0 views

Vending Ala Carte

weaning mice
13. 08. 2007
0 views

weaning mice

Xiushi Yang
13. 08. 2007
0 views

Xiushi Yang

LarsonWelcome
16. 10. 2007
0 views

LarsonWelcome

Ken stellar halo
15. 11. 2007
0 views

Ken stellar halo

African Union 2050
23. 12. 2007
0 views

African Union 2050

frfin
12. 10. 2007
0 views

frfin

Bhutan Hunger presentation RCC
04. 01. 2008
0 views

Bhutan Hunger presentation RCC

10 31 05 chaps 15 16
02. 11. 2007
0 views

10 31 05 chaps 15 16

HAtrash
15. 10. 2007
0 views

HAtrash

gti pmgti
24. 10. 2007
0 views

gti pmgti

Uniform Wear
18. 09. 2007
0 views

Uniform Wear

Lsn 6 Maya and Inca
20. 11. 2007
0 views

Lsn 6 Maya and Inca

monster
21. 11. 2007
0 views

monster

campusmap
28. 12. 2007
0 views

campusmap

wolson presentation
17. 10. 2007
0 views

wolson presentation

compfpm flood plain functions
03. 01. 2008
0 views

compfpm flood plain functions

jeff kephart 11 03
18. 09. 2007
0 views

jeff kephart 11 03

LACEApresJZ1
26. 10. 2007
0 views

LACEApresJZ1

Wedding PP Presntation attach
27. 11. 2007
0 views

Wedding PP Presntation attach

RHCh1
20. 02. 2008
0 views

RHCh1

MATERIAL HANDLING PREVIEW
26. 02. 2008
0 views

MATERIAL HANDLING PREVIEW

unaids
13. 08. 2007
0 views

unaids

tgs04b
18. 09. 2007
0 views

tgs04b

about
28. 09. 2007
0 views

about

CPPStudyPhysicalProt ection
19. 11. 2007
0 views

CPPStudyPhysicalProt ection

nliwiSCS
12. 10. 2007
0 views

nliwiSCS

TurfBMP81704
14. 02. 2008
0 views

TurfBMP81704

CAlbala
22. 10. 2007
0 views

CAlbala

LT SLIDE show
11. 03. 2008
0 views

LT SLIDE show

marie curie jenam june 2005
13. 03. 2008
0 views

marie curie jenam june 2005

volcanoes group5
25. 03. 2008
0 views

volcanoes group5

gusev
15. 10. 2007
0 views

gusev

Parent Presentation predators
01. 01. 2008
0 views

Parent Presentation predators

Williams Tanzania
13. 08. 2007
0 views

Williams Tanzania

PrelimI
07. 10. 2007
0 views

PrelimI

personalities
12. 10. 2007
0 views

personalities

MeetingFreightDataCh allenges
28. 02. 2008
0 views

MeetingFreightDataCh allenges

04 19 SW
29. 10. 2007
0 views

04 19 SW

APP The American Experience WK3
17. 12. 2007
0 views

APP The American Experience WK3

062507
04. 03. 2008
0 views

062507

wedekind
08. 10. 2007
0 views

wedekind

IZMO CONCIERGE
30. 10. 2007
0 views

IZMO CONCIERGE

eh wellseptic
07. 11. 2007
0 views

eh wellseptic

20070114 sanog9 apnic update
27. 03. 2008
0 views

20070114 sanog9 apnic update

ATCNewswireCatalogue EN Q207
02. 10. 2007
0 views

ATCNewswireCatalogue EN Q207

db pres okutani whois
09. 10. 2007
0 views

db pres okutani whois

hotchips 2004 motes
18. 06. 2007
0 views

hotchips 2004 motes

gww sid july27
18. 06. 2007
0 views

gww sid july27

eolson AUV2004
18. 06. 2007
0 views

eolson AUV2004

EMS Stake holders
18. 06. 2007
0 views

EMS Stake holders

edinburgh condor tutorial
18. 06. 2007
0 views

edinburgh condor tutorial

dztalk 3
18. 06. 2007
0 views

dztalk 3

dw olap
18. 06. 2007
0 views

dw olap

Digital Photos Hitchcock
18. 06. 2007
0 views

Digital Photos Hitchcock

DGov transform wo notes web
18. 06. 2007
0 views

DGov transform wo notes web

defense
18. 06. 2007
0 views

defense

palais 04
18. 09. 2007
0 views

palais 04

chop06
29. 10. 2007
0 views

chop06

MISR images Aug2001
21. 10. 2007
0 views

MISR images Aug2001

PresentacionGobCorp2 003
22. 10. 2007
0 views

PresentacionGobCorp2 003

cmc2q06
18. 09. 2007
0 views

cmc2q06

AfricanAmericans A Z
03. 10. 2007
0 views

AfricanAmericans A Z

Proper KeyBoarding Technique
15. 06. 2007
0 views

Proper KeyBoarding Technique

Dinosaurs
15. 06. 2007
0 views

Dinosaurs

Memories
15. 06. 2007
0 views

Memories

Like - Having Different Hobbies
15. 06. 2007
0 views

Like - Having Different Hobbies

humanity
15. 06. 2007
0 views

humanity

Volcanoes are Hot Stuff
15. 06. 2007
0 views

Volcanoes are Hot Stuff

China2005NoAnimation
23. 10. 2007
0 views

China2005NoAnimation

BTL Statistics2005
18. 09. 2007
0 views

BTL Statistics2005

Dillon
18. 06. 2007
0 views

Dillon

infovis03 talk slides
18. 09. 2007
0 views

infovis03 talk slides

Block 6 Basler Ausschuss
16. 10. 2007
0 views

Block 6 Basler Ausschuss

scarlett 28oct05
18. 09. 2007
0 views

scarlett 28oct05

barrier
18. 09. 2007
0 views

barrier

SNIMA BTP
24. 10. 2007
0 views

SNIMA BTP

familyweek3
24. 02. 2008
0 views

familyweek3

rutkowska bheurope2006
18. 09. 2007
0 views

rutkowska bheurope2006

ATA2007 US MA MReyna
23. 10. 2007
0 views

ATA2007 US MA MReyna

P Jonson AIC
18. 10. 2007
0 views

P Jonson AIC

Denver 05b
18. 06. 2007
0 views

Denver 05b

6 WP4 TRT
20. 03. 2008
0 views

6 WP4 TRT

Enigma1
31. 12. 2007
0 views

Enigma1

P416 Lec5 S07
27. 09. 2007
0 views

P416 Lec5 S07

mulligan
18. 09. 2007
0 views

mulligan