Policy Research Institute

 

PRI Toics

(Provisional Translation)

Workshops and other events in January

January 10 (Wed): The 5th meeting of the Workshop on Productivity Improvement through Innovation

At the 5th meeting of the Workshop on Productivity Improvement through Innovation held on January 10, Chair OHASHI Hiroshi (Professor at the Faculty of Economics, The University of Tokyo) reported on “Upsides and Downsides of Productivity Increase” and Chief Economist OKU Ai (PRI) and Senior Economist HASHIMOTO Hayato (PRI) made a presentation on “Productivity Improvement through ‘Value Creation’ and ‘Value Capture’,” which was followed by a Q&A session, a free discussion and a discussion toward a summary of the meeting.


Chair Ohashi
【Chair Ohashi】

 

Reference: Workshop on Productivity Improvement through Innovation

PRI has been holding workshops on timely themes closely related to finance and economy. Discussions are held inviting experts on the themes in addition to PRI members and others from the Ministry.

Throughout fiscal 2017, PRI holds the Workshop on Productivity Improvement through Innovation. Innovations are essential to breaking through the constraints on the Japanese economy (population decline, public finance, etc.) in order to accomplish more powerful economic growth. The workshop aims to make recommendations on measures for productivity improvement through innovations and encourage enterprises to take reasonable actions looking toward the future.


Link for details of the Workshop on Productivity Improvement through Innovation (Japanese only)

January 17 (Wed): The 2nd China Research Conference FY2017

At the second conference, Mr. LEE Chiwoong (Senior Economist, Mitsubishi UFJ Morgan Stanley Securities) and Mr. TSUYUGUCHI Yosuke (Professor, Nihon University College of Economics) respectively made presentations on “China: Macro Economy - Structural Shift of Economy” and “Current Situation of Chinese Financial System – Rapidly Expanding Liabilities of the Private Sector.” The presentations were followed by a question and answer session and a free discussion.


Senior Economist Lee  
      【Senior Economist Lee】                                  【Professor Tsuyuguchi】        

January 19 (Fri): “OAP-PRI Economics Workshop: Bank, Corporate and Sovereign Debt”

IMF Regional Office for Asia and the Pacific (OAP) and PRI jointly hosted the OAP-PRI Economics Workshop: Bank, Corporate and Sovereign Debt.

The workshop invited leading researchers as lecturers to present leading-edge studies on the impact of non-performing loans on macro economy, the default risk of sovereign bonds and other issues.


Report :
Presenter :
 
A Theory of Nonperforming Loans(PDF:161KB)
KOBAYASHI Keiichiro (Professor, Department of Economics, Keio University)
 
Report :

Presenter :
 
Intergenerational Conflict Over Fiscal Consolidation: Theory and Evidence from Japan(PDF:85KB)
ARAI Real (Lecturer, School of Economics & Management, Kochi University of Technology)
 
Report :
Presenter :
 
Reputational Effects in Sovereign Default(PDF:743KB)
Michal Fabinger (Project Assistant Professor at the Graduate School of Economics, University of Tokyo)
 
Report :
Presenter :
 
Model-Based Estimation of Sovereign Default Risk(PDF:2113KB)
KOEDA Junko (Associate Professor, School of Political Science and Economics, Graduate School of Economics, Waseda University)
 

Link for details of the workshop and summary of the reports (Japanese only)


Professor KobayashiLecturer AraiProject Assistant Professor FabingerAssociate Professor Koeda
【Professor Kobayashi】【Lecturer Arai】【Project Assistant Professor Fabinger】【Associate Professor Koeda】
The workshop
【The workshop】

 

International Conferences and exchanges in January

January 12 (Fri): Seminar jointly hosted by IMF and PRI,
                                “Prospects and Challenges of Chinese Financial System : Hints from FSAP”

PRI, jointly with the IMF Regional Office for Asia and Pacific, hosted a seminar titled “Prospects and Challenges of Chinese Financial System: Hints from FSAP.” At the seminar, the Deputy Director-General and the Director of the IMF Monetary and Capital Markets Department made presentations on assessment of financial risk in China and policy recommendations from the IMF based on the results of The Financial Sector Assessment Program (FSAP). After the presentations, the presenters and the attendance discussed financial issues in China.


PRI President Doi making a concluding speech          The seminar
【PRI President Doi making a concluding speech】                     【The seminar】                        

January 22 (Mon): PRI President Doi met with Dr. Athsaphangthong Siphandone, Vice Minister of Finance, Lao PDR.

PRI President Doi met with Dr. Athsaphangthong Siphandone, Vice Minister of Finance, Lao PDR, who visited Japan under a strategic working-level invitation program*. They exchanged opinions on the support for the fiscal stability of Laos, on which PRI has been working together with JICA and the Ministry of Foreign Affairs, and other matters.

 

*A program to invite people who can become influential in their respective countries with the major aim of promoting their understanding of Japan to construct smooth diplomatic relations.


Ceremonial photograph
【Ceremonial photograph: (left) PRI President Doi,
(center) Dr. Athsaphangthong Siphandone, Vice Minister of Finance, Lao PDR,
(right) Dr. Phouthanouphet Saysombath, Director General, Tax Department, Ministry of Finance, Lao PDR】

January 29 (Mon) to 31 (Wed): Holding a bookkeeping course for the elementary examination level in Lao PDR.

The Policy Research Institute (PRI), in collaboration with the Kawasaki Chamber of Commerce & Industry (KCCI) and the Lao National Chamber of Commerce and Industry (LNCCI) held a bookkeeping course for the elementary examination level in Vientiane, Lao PDR, with the aim of disseminating bookkeeping in the country. The course was based on the Japanese elementary examination conducted by The Japan Chamber of Commerce and Industry. There were 81 participants including local enterprise executives, managers and staff as well as government officials. Certificates of course completion were issued to 20 participants who obtained the grades set by the course organizers.


Participants taking the test          Commemorative photo with participants
                 【Participants taking the test】                       【Commemorative photo with participants】     

 

Top Seminar for Staff

As a comprehensive training agency of the Ministry of Finance, PRI provides training programs for each level in the ministry, from newly hired staff members to top officials.

The Top Seminar for Staff was held as part of the training for executive personnel by inviting lecturers who are active in various fields. The following seminars were held in January.


January 23 (Tue)
Title :
 
Lecturer :
 
“Mechanism of ‘Monozukuri Venture’ to Revitalize Japan
- Ecosystem to create future jobs –“
MARU Yukihiro (Representative Director, CEO of Leave a Nest Co., Ltd.
 
Top Seminar for Staff

 

Leading-Edge Seminar

PRI held the Leading-Edge Seminar, in which frontline researchers gave lectures on leading-edge academic research and technically sophisticated research. The following lecture was held in January.


January 31 (Wed)          KOBAYASHI Keiichiro (Professor, Faculty of Economics, Keio University)
Title :
Lecturer :
 
“Secular Stagnation under the Fear of a Government Debt Crisis”
KOBAYASHI Keiichiro (Professor, Faculty of Economics, Keio University)
 

 

Lunch Meeting

We invite people with diverse knowledge in and outside the organization to hear a broad range of leading-edge information so that we can obtain useful information across a broad spectrum contributing to the ministry's policy planning.

The following meetings were held in January.


January 17 (Wed)  YASHIMA Yukari (Professor, Department of Economics, Keio University)
Title :

Lecturer :
 
“Catalonia Independence Issue – its Historical Background and Future Prospects”(PDF:1163KB)
YASHIMA Yukari (Professor, Department of Economics, Keio University)
 
January 26 (Fri)   IWASHITA Naoyuki (Professor, School of Government, Kyoto University)
Title :
Lecturer :
 
“Trends of Cryptocurrencies”(PDF:5431KB)
IWASHITA Naoyuki (Professor, School of Government, Kyoto University)
 

 

PRI Workshop

Before publishing a discussion paper, PRI holds a PRI Workshop to discuss its content in the institute.

The following meetings were held in January.


January 18 (Thu)
Title :
Presenter :
 
“Accountability and Bullying Acknowledgement: Evidence from Tokyo”
BESSHO Shun-ichiro (Chief Economist, PRI)

 

Discussion Paper in January

Title/AuthorAbstract
Issues of Responsibility Accounting on Public Sectors (Japanese only)(PDF:789KB)

ONISHI Junya
Visiting Scholar, PRI
UMEDA Hiroshi
Assistant Professor, Faculty of Commerce, Senshu University
Responsibility accounting refers to connecting accounting to the responsible persons in the office organization in order to increase the management effects. The likely negative effects include excessive pursuit of personal responsibility, focus on quotas, sectionalism and excessive achievement orientation. In order to avoid these negative effects, it is desirable to give consideration to the feelings of the staff, expand the concepts when defining the scope of responsibilities and combine responsibility accounting with other management accounting methods, for example.
Current Status and Challenges of Accounting System in Lao PDR (Japanese only)(PDF:536KB)

FUJITA Keiichi
Senior Researcher, International Cooperation Division, Research and Administration Department, PRI
ITO Seigo
Researcher, International Cooperation Division, Research and Administration Department, PRI
Modernization of Laotian accounting standards is gradually progressing, but only a few enterprises prepare an accounting record. As a result, many enterprises cannot obtain loans necessary for business expansion. PRI’s survey revealed that even relatively large enterprises prepare only minimal accounting records and that trial balance sheets and other accounting data to be used for day-to-day management are rarely prepared. Additionally, an analysis of local enterprises, etc. found factors obstructing preparation of accounting records, settlement materials, etc., which include lack of infrastructure for their preparation (human resources, system, etc.) and lack of incentives for enterprises to prepare them.

Publication in January

Monthly Finance Review

NUMBERCONTENTS
No.533 (December)STATISTICS (Released by Ministry of Finance)
PUBLIC RELATIONS & PRESS RELEASE
APPENDIX
MAIN ECONOMIC INDICATORS OF JAPAN

Ministry of Finance Statistics Monthly (Japanese only)

TitleContent
No.786 Fiscal Investment and Loans Issue (October 2017)(Japanese only)Outline of the FY2017 fiscal investment and loan program
Outline of the FY2017 fiscal investment and loan organizations
Outline of the revision of the FY2017 fiscal investment and loan program
Changes in fiscal investment and loan programs
Changes in classification by purpose
Changes in financial resources
Funding plans, etc. by destination organization
Reference: financial statements based on the accounting treatment used by private enterprises

PRI TOPICS (monthly)