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Thursday, December 15, 2016, 12:00 - 14:00

"Economic Outlook for 2017"

Language:The Speech and Q&A will be in English.


President-elect Donald Trump's promise to boost the U.S. economy by cutting taxes and heavily investing in infrastructure has sparked a dollar rally and a fall in the yen. This is a boon to the Japanese economy, which has been slow to reflate as Prime Minister Shinzo Abe’s economic growth policies struggled to produce results. But this trend is uncertain to last in view of Trump’s protectionist tendencies including his vow to abandon the Trans-Pacific Partnership free trade pact and a possible turnabout to a weaker dollar, which could dampen Japan’s economy. It remains to be seen what the Bank of Japan will do about its policy to guide interest rates around zero percent while U.S. long-term interest rates keep on surging. The Club has invited two prominent Japanese economists to give their view on the world’s third biggest economy in 2017.

Hiromichi Shirakawa is the chief economist for Japan at Credit Suisse. He held various posts at the Bank of Japan and the Organization for Economic Co-Operation and Development in Paris for 16 years from 1983 before moving into the private sector. He joined Credit Suisse from UBS Securities in 2006. An economics graduate of Keio University, Shirakawa studied finance at the University of Washington's Graduate School of Business and obtained a PhD in policy studies from the Chiba University of Commerce.

Kikuko Takeda is a senior economist since 2015 at the Institute for International Monetary Affairs (IIMA), a non-profit research organization established in 1995 under the initiative of the Bank of Tokyo, currently the Bank of Tokyo-Mitsubishi UFJ (BTMU). She joined the bank in 1989 after graduating from Keio University and served as a senior currency economist at BTMU’s European headquarters in London from 2007 to 2014.

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 eligible to attend may pay in cash by e mail reservation (This email address is being protected from spambots. You need JavaScript enabled to view it. ). (Menu:sautéed salmon, scallop and shrimp with bourg-blanc 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.

Professional Activities Committee

Dec 15 16 PL Hiromichi Shirakawa   Kikuko Takeda043Dec 15 16 PL Hiromichi Shirakawa   Kikuko Takeda021

 Hiromichi Shirakawa          Kikuko Takeda




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