On October 24, 2025, the Policy Research Institute (PRI) and the Chinese Academy of Fiscal Sciences (CAFS), jointly held the 8th Japan-China Think Tank Forum on Finance Policy in Tokyo, focusing on “Current Economic Trends and Policy Considerations for Demographic Changes”. Since 2016, the PRI has held joint seminars with the CAFS which operates under the auspices of the Chinese Ministry of Finance.

At the Forum, speakers delivered presentations on “Current Economic Situation and Fiscal Policy” and “Social Safety Net Design in Response to Demographic Changes”.Commentators then provided their opinions on these presentations, leading to active discussions.

Opening Session

Ms. KIMURA Hidemi, President, PRI

Dr. YANG Zhiyong, President, CAFS

Session 1: Current Economic Situation and Fiscal Policy

[Chair] Dr. XU Wen, Director/ Researcher, Social Development Research Center, CAFS
[Speakers]

Dr. UEDA Junji, Vice President, PRI
“Policy under Japan's Economic Trends and Demographic Changes”
Dr. SHI Yinghua, Director/ Researcher, Macroeconomics Research Center, CAFS
“China's Macroeconomic Situation and Fiscal Policy”

[Commentators]
Dr. TANAKA Osamu, Special Adviser for China Research, PRI
Dr. MA Honghua, Director/ Researcher, Finance Research Center, CAFS

Session 2: Social Safety Net Design in Response to Demographic Changes

[Chair] Dr. UEDA Junji, Vice President, PRI

[Speakers]
Dr. XU Wen, Director/ Researcher, Social Development Research Center, CAFS
“Designing a Social Security System to Address Demographic Changes”
Dr. MIYAMOTO Hiroaki, Chief Economist, PRI
“Social Safety Net Design in Response to Demographic Changes”
[Commentators]
Dr. HOU Haibo, Assistant Researcher, Department for General Research Management and Foreign Affairs, CAFS
Prof. FUKUMOTO Tomoyuki, Professor, Osaka University of Economics

Closing Remarks

Ms. KIMURA Hidemi, President, PRI

Dr. YANG Zhiyong, President, CAFS

[Japan-China Think Tank Forum on Finance Policy①]

[Japan-China Think Tank Forum on Finance Policy②]

[Group photo]