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Deutsches Institut für Japanstudien
Capital Markets and Corporate Finance in Japan

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Venue

Otemachi Sankei Plaza
1-7-2, Otemachi, Chiyoda-ku, Tokyo 100-0004


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Co-organizers

Andreas NABOR (HWWA Hamburg Institute of International Economics)

Registration Info

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Capital Markets and Corporate Finance in Japan

Capital Markets and Corporate Finance in Japan

December 11, 2003

Japan’s financial system has been undergoing dramatic changes for several years. The so-called “Japanese Big Bang” can be seen as a milestone in this process which is not finished by far, and even the direction sometimes seems unclear. Questions as to whether and to what extent Japan is moving towards a market-based system, and how Japanese and foreign corporations in Japan should deal with these changes must be discussed.


The symposium is aimed to identify the current status of these changes regarding to the legal and institutional framework as well as to the implications on corporate finance. It will provide a place of exchange between international scholars and practitioners from the financial industry.


Japanese-English simultaneous translation is provided.

Presentations

09:30-09:50
Reception

09:50-10:00
Greetings

Irmela Hijiya-Kirschnereit


German Institute for Japanese Studies

10:00-12:15
Session 1: Capital Markets - The Framework

10:00-10:45
Change of the Japanese Financial System towards a Market-based System

OSAKI Sadakazu (Nomura Research Institute)

10:45-11:30
Current Situation of Japan’s Banking Crisis

HORIUCHI Akiyoshi (Chuo University)

11:30–12:15
Asian Financial Markets in Competition

Andreas NABOR (HWWA)

12:15-16:30
Session 2: The Enterprises

12:15-13:00
Corporate Finance in Big Stock Corporations

MIYAJIMA Hideaki (Waseda University)

13:00-14:30
Lunch Break

14:30-15:15
Corporate Finance in Small and Medium Enterprises

Ulrike SCHAEDE (University of California at San Diego)

15:15-16:00
Corporate Finance at Foreign Corporations in Japan

Andreas Moerke


German Institute for Japanese Studies

16:00-16:45
Manager Remuneration – Linkage with Corporate Performance and Share Price

SAKAMOTO Tsuneo (Meiji University)

16:45-17:00
Wrap-up and Closing Remarks