CONFERENCE ON STRUCTURAL IMPEDIMENTS TO GROWTH IN JAPAN

Magnus Blomstrom, Jennifer Corbett, Fumio Hayashi and Anil Kashyap, Organizers

March 18 and 19, 2002

Asian Development Bank Institute

Kasumigaseki Building 8F

2-5, Kasumigaseki 3-chome

Chiyoda-ku

Tokyo 100-6008, Japan

PROGRAM

MONDAY, MARCH 18:

9:50 AM Introductory Remarks - Conference Organizers

Session 1

Chair: MASARU YOSHITOMI, Asian Development Bank Institute

10:00 AM ALBERT ANDO, University of Pennsylvania and NBER

DIMITRIOS CHRISTELIS, University of Pennsylvania

TSUTOMU MIYAGAWA, Gakushuin University

Households Savings and Corporate Behavior in the Japanese Economy

Discussant: CHARLES HORIOKA, Osaka University and NBER

11:00 AM Coffee Break

11:30 AM YISHAY YAFEH, Hebrew University

Japan's Corporate Groups: Some International and Historical Perspectives

Discussant: SUMNER LA CROIX, University of Hawaii

12:30 PM Lunch

Session 2

Chair: TATSUO HATTA, University of Tokyo

2:00 PM DAVID FLATH, Kyoto University

The Japanese Distribution Sector in Economic Perspective:

The Large Store Law and Retail Density

Discussant: GARY SAXONHOUSE, University of Michigan

3:00 PM Coffee Break

3:30 PM HIROSHI ONO, Stockholm School of Economics

MARCUS REBICK, Oxford University

Impediments to the Productive Employment of Labor in Japan

Discussant: FUMIO OHTAKE, Osaka University

4:30 PM ROBERT DEKLE, University of Southern California

Population Aging in Japan: Its Impact on Future Saving, Investment, and Budget Deficits

Discussant: DOUGLAS JOINES, University of Southern California

5:30 PM Adjourn

TUESDAY, MARCH 19:

Session 3

Chair: TAKATOSHI ITO, Hitotsubashi University and NBER

10:00 AM MITSUHIRO FUKAO, Keio University

Financial Sector Profitability and Double-Gearing

Discussant: COLIN MCKENZIE, Osaka University

11:00 AM Coffee Break

11:30 AM KENN ARIGA and KENJI MATSUI, Kyoto University

Mismeasurement of CPI

Discussant: ROBERT LIPSEY, Queens College and NBER

12:30 PM Lunch

Session 4

Chair: ANIL KASHYAP, University of Chicago and NBER

2:00 PM LEE BRANSTETTER, Columbia University and NBER

YOSHIAKI NAKAMURA, Research Institute of Economy, Trade and Industry

Has Japan's Innovative Capacity Declined?

Discussant: FREDRIK SJOHOLM, Stockholm School of Economics

3:00 PM Coffee Break

3:30 PM MASARU INABA, University of Tokyo

KEIICHIRO KOBAYASHI, Research Institute of Economy, Trade and Industry

Japan's Debt Trap and the Complexity Externality

Discussant: AKIYOSHI HORIUCHI, University of Tokyo

4:30 PM TAKERO DOI, Keio University

TAKEO HOSHI, UC, San Diego

FILP: How Much Has Been Lost? How Much More Will Be Lost?

Discussant: YASUSHI IWAMOTO, Kyoto University

5:30 PM Adjourn

3/1/02