SOAS University of London

Department of Economics

Workshop on Economic Stagnation and Deflation: Challenges for Japan in Comparative Perspective

Various Speakers

Date: 3 July 2015Time: 9:45 AM

Finishes: 4 July 2015Time: 4:30 PM

Venue: Russell Square: College Buildings

Type of Event: Workshop

The aim of this workshop is to analyse the causes of and remedies for economic stagnation and deflation in Japan from a comparative perspective. It looks at structural issues such as demographics, changes in labour markets, and the hollowing out of the manufacturing sector as well as financial, monetary and exchange rate policies. It discusses policy responses for Japan as well as potential lessons for Europe. The workshop is intended as first in a series of regular workshops organised by SOAS and partner institutions with the aim of developing an active research group working on challenges facing the Japanese economy.

Organisers: Machiko Nissanke and Ulrich Volz

The workshop is funded by grants from the SOAS Japan Research Centre, the SOAS Department of Economics, and the SOAS Faculty of Law and Social Sciences.

Friday 3rd July 2015

9:45-10:00: Welcome
  • Machiko Nissanke and Ulrich Volz (SOAS, University of London)

10:00-10:45: Keynote Speech on 'Stagnation and deflation in Japan and lessons for Europe'
Chair: Ulrich Volz (SOAS, University of London)

  • Naoyuki Yoshino (Asian Development Bank Institute)

10:45-12:45: Session 1 'Stagnation and deflation in Japan and abroad'
Chair: Eiji Ogawa (Hitotsubashi University)

12:45-14:00: Lunch

14:00-16:00: Session 2 'Unconventional monetary policy'
Chair: Matteo Ciccarelli (European Central Bank)

16:00-16:20: Coffee break

16:20-18:20: Panel discussion on 'Causes of and policy responses to stagnation and deflation in Japan and Europe'
Chair: Kenji Aramaki (University of Tokyo & SOAS, University of London)

19:00 Dinner at Cigala Restaurant (for chairs and speakers only)

Saturday 4th July 2015

9:00-11:00: Session 3 'Hollowing out of the Japanese manufacturing industry?'
Chair: Machiko Nissanke (SOAS, University of London)

11:00-11:30: Coffee break

11:30-13:30: Session 4 'Stagnation and unconventional monetary policy in advanced countries: international spillover effects'
Chair: Ulrich Volz (SOAS, University of London)

13:30-14:30: Lunch

14:30-16:30: Discussion of future research activities