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Monday, February 02, 2015, 12:00 - 13:30

Year Three of "Abenomics": Wither the Third Arrow?
Richard Katz
Editor-in-Chief of the Oriental Economist Report
Language: The speech and Q & A will be in English

 Richard Katz, a veteran journalist and the chief editor of The Oriental Economist, has been a staunch critic of Prime Minister Shinzo Abe's package of economic policies since Abe kicked them off two years ago. He sees "Abenomics" as the wrong treatment for the patient - just dealing with the symptoms without treating the underlying illness, and even questions whether Abe is really interested in tackling the much needed structural reforms.

 Katz predicted that Abe’s pledge of massive monetary easing wouldn't trigger a virtuous cycle of economic growth. That's because of the continuing trend of weak and declining household real income and other structural factors. So far, he's been right.

 Now, with lower oil prices and the negative impact of last year's consumption tax hike disappearing, what is Katz's outlook for Abenomics, especially for the Third Arrow of structural reforms like deregulation, TPP and agriculture?

 Katz has been writing about Japan and U.S.-Japan relations for three decades. He is a special correspondent for the Weekly Toyo Keizai, a leading Japanese weekly business magazine. His comments on Japan are frequently quoted in such major publications as the Washington Post, Wall Street Journal and New York Times. He is also a frequent contributor to Foreign Affairs.

 He authored two books on Japan. The first is "The System That Soured-The Rise and Fall of the Japanese Economic Miracle" (M.E. Sharpe 1998). The second book is "Japanese Phoenix-The Long Road to Economic Revival" (M.E. Sharpe 2003).

 After receiving his B.A. degree in history from Columbia University, Katz went on to obtain his M.A. in Economics at New York 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: stewed hamburger.) 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.

Professional Activities Committee

 

 

 Feb 02 15 PL Richard Katz024

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