DAY1 – Monday, June 5

09:45-10:15      Opening Session

Opening Statement

Taku Ostuka (State Minister of Finance, Japan)(PDF:52KB)

Keynote Address

1. Mitsuhiro Furusawa (Deputy Managing Director, IMF)(PDF:34KB)

2. Naoyuki Yoshino (Dean, Asian Development Bank Institute)

10:35-12:35      Session 1: Challenges for long-term fiscal policy under uncertainties

Moderator

Sanjeev Gupta (Deputy Director, Fiscal Affairs Department, IMF)

Presenters

1. Donald Marron (Institute Fellow, Director of Economic Policy Initiatives, Urban Institute, U.S.A.)

“Fiscal Policy under Uncertainty”(PDF:224KB)

2. Sarah Harper (Professor, Director of Oxford Institute of Population Ageing, University of Oxford, U.K.)

“Challenges for public finance related to manage retirement risk under low interest rate and demographic changes– rethinking the role of pensions”(PDF:3254KB)

3. Jay Bhattacharya (Professor of Medicine, Stanford University, U.S.A.)

“Future fiscal impacts by aging of populations on health care considering evolution of health status”(PDF:629KB)

4. Junhong Chang (Director, ASEAN+3 Macroeconomic Research Office (AMRO))

“Coping with rising challenges - fiscal policy in ASEAN+3 countries -"(PDF:923KB)

Discussants

Peter Morgan (Senior Consultant for Research, Asian Development Bank Institute)

(Q&A)

13:45-15:45      Session 2: Fiscal policy under political uncertainties and demographic changes

Moderator

Odd Per Brekk (Deputy Director, Asia and Pacific Department, IMF)

Presenters

1. Sanjeev Gupta (Deputy Director, Fiscal Affairs Department, IMF)

“Politics of fiscal policy: a global perspective”(PDF:1267KB)

2. Vincenzo Galasso (Professor, Bocconi University, Italy)

“Population aging and the future of social security: how aging will affect the political decisions on social spending and size of government”(PDF:518KB)

3. Hideki Konishi (Professor, Waseda University, Japan)

“Political economy of fiscal policy under demographic changes: public pension, social security financing, and role of private sector”(PDF:57KB)

4. Mukul Asher (Professor, National University of Singapore)

“Age-related spending estimation and fiscal space in Asian countries”(PDF:563KB)

Discussants

Qiangwu Zhou (Director General, International Economics andFinance Institute, Ministry of Finance, China)

(Q&A)

16:00-17:40      Session 3: Making better long-term fiscal policies under demographic changes and uncertainties
                                             – from experiences in Asian countries

Moderator

Chul Ju Kim (Deputy Dean, Asian Development Bank Institute)

Presenters

1. Hiroyuki Matsuoka (Director-General of Research and Administration Department, Policy Research Institute, Ministry of Finance, Japan)

“Demographic Challenges and Japan’s Fiscal Policy”(PDF:577KB)

2. Kang Jia (Former President of Chinese Academy of Fiscal Sciences, China)

“Recent experiences for fiscal policy under uncertainties and demographic changes in China”(PDF:561KB)

3. Myung-Ho Park (Head, Center for long-term fiscal projections, Korea Institute of Public Finance, Korea)

“Long-term fiscal projection in Korea”(PDF:1059KB)

4. Quoc Huy Vu (Head of Department, Viet Nam Academy of Social Sciences, Viet Nam)

“Recent experiences for fiscal policy under uncertainties and demographic changes in Viet Nam”(PDF:919KB)

Discussants

Junji Ueda (Advisor, Fiscal Affairs Department, IMF)(PDF:165KB)

(Q&A)

DAY2 – Tuesday, June 6

9:30-11:30      Session 4: Fiscal policy for inclusive growth in Asia

Moderator

Sajith Attygalle (Deputy Secretary, Ministry of Finance and Planning, Sri Lanka)

Presenters

1. Bibek Debroy (Member of NITI Aayog (National Institution for Transforming India Aayog), Government of India)

“Inclusive growth – an Indian perspective”(PDF:3007KB)

2. Mohamad Ikhsan (Special Advisory to the Vice President of Indonesia, Government of Indonesia / Professor of the Department of Economics, University of Indonesia)

“Recent experiences for fiscal policy to achieve inclusive growth in Indonesia”(PDF:2208KB)

3. Maung Maung Win (Vice Minister of Finance, Myanmar)

“Fiscal policy to support inclusive growth in Myanmar”(PDF:1453KB)

4. Valerie Mercer-Blackman (Senior Economist, Asian Development Bank)

“Role of fiscal policy to achieve inclusive growth”(PDF:1050KB)

Discussants

Keiichiro Kashiwase (Senior Economist, Regional Office for Asia and the Pacific, IMF)

(Q&A)

11:45-12:30      Round Table Discussion: General Lessons Learned

Moderator

Sanjeev Gupta (Deputy Director, Fiscal Affairs Department, IMF)

Presenters

1. Bibek Debroy (Member of NITI Aayog (National Institution for Transforming India Aayog), Government of India)

2. Mohamad Ikhsan (Special Advisory to the Vice President of Indonesia, Government of Indonesia / Professor of the Department of Economics, University of Indonesia)

3. Donald Marron (Institute Fellow, Director of Economic Policy Initiatives, Urban Institute, U.S.A.)

4. Yoichi Nemoto (President, Policy Research Institute, Ministry of Finance, Japan)

12:30-12:35      Closing Statement

Hiroshi Yoshikawa (Professor, Rissho University /Honorary President, Policy Research Institute, Ministry of Finance, Japan)