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Tuesday, December 09, 2014, 12:00 - 13:30

Abenomics and Japan's election: What to make of the course correction?
Paul Sheard
Chief Global Economist and Head of Global Economics and Research, Standard & Poor’s Ratings Services
Language: The speech and Q & A will be in English

 Standard & Poor's New York-based chief global economist Paul Sheard will analyse the background to, and economic policy implications of, Prime Minister Shinzo Abe's decision to delay the second consumption tax hike and to call a snap election, seeking a renewed mandate for his policy agenda. S&P's renowned Japan watcher will also explain the Bank of Japan's recent surprise move in stepping up its monetary easing. What is the right way to understand Abenomics, and does it represent the correct policy mix for Japan? Where do Abenomics and the economy go from here? Do recent developments increase or decrease the chances of success, and can the BOJ deliver its end of the bargain? Come along and hear the answers to these and other questions.

 Paul Sheard is Chief Global Economist and Head of Global Economics and Research, Standard & Poor's Ratings Services, New York.Previously, he had been Global Chief Economist and Head of Economic Research at Nomura Securities where he led a team of 35 economists in seven countries and was responsible for the firm's global economic forecasts and analyses.Earlier Sheard spent eight years at Lehman Brothers where he held a similar position and also served as Asia Chief Economist. Prior to that, he was Head of Japan Equity Investments at Baring Asset Management.

 He is the author of several books and has held faculty positions at Osaka University and the Australian National University, and visiting positions at Stanford University and the Bank of Japan. He received his Bachelor's degree from Monash University in Australia and a Masters of Economics and PhD from the Australian National University.

 Please reserve in advance, 3211-3161 or on the website (still & TV cameras inclusive). The charge for members/members' guest is 1,750/2,700 yen; non-members including guest-members eligible to attend may pay in cash. (Menu:sautéed salmon with green sauce) Reservations canceled less than one hour in advance for working press members, and 24 hours for all others, will be charged in full. Reservations and cancellations are not complete without confirmation. For meal service, please enter the room by 12:25. *Working Pressは1時間、Associate, non-memberは24時間以内のキャンセルはフルチャージとなりますのでご注意ください。なおキャンセルは電話でのみ承ります。

Professional Activities Committee

Dec 09 14 PL Paul Shrard011




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