|• February 4 (Tuesday)：IMF・OAP-PRI Economics Workshop：Sovereign and Corporate Debt|
The Policy Research Institute (PRI) and the IMF Regional Office for Asia and the Pacific (OAP) jointly hosted the "IMF·OAP―PRI Economics Workshop: Sovereign and Corporate Debt" in Tokyo.
In this workshop, scholars, economists and policymakers discussed debt issues, such as the macroeconomic impact of nonperforming loans and default risk of sovereign debts. The workshop aimed to deepen their direct exchange of views by sharing the frontier research findings and to foster young Japanese researchers.
The workshop was held for the second time, where 62 presenters and debaters attended from the IMF and PRI, as well as Japanese and overseas universities.
|• February 27 (Thursday)：The Third Meeting “Workshop on Population Decline and Economic Growth|
The PRI’s Workshop on Population Decline and Economic Growth (chairperson: DOI Takero, Professor, Keio University, concurrently Senior Research Fellow, PRI) held the third meeting on February 27. The purpose of this workshop is to conduct research on possibilities in particular fields, including the areas of companies and industries, the labor market, and globalization, to maintain a prosperous economy in a declining population society.
|Presentation ：||Changes in the Balance of Payment Structures and Its Micro-Factors|
ITO Keiko, Professor, Chuo University
|Presentation ：||Direction of Japan’s Labor Market under Declining Population|
YAMAMOTO Isamu, Professor, Keio University
|Presentation ：||Productivity and Economic Growth|
YOSHIKAWA Hiroshi, President of Rissho University and Honorary President of the PRI
|• February 26 (Wednesday)：PRI’s Study Meeting on the Pension System of China|
In China, the pension system reforms are considered a principal issue in terms of the sustainability of the social security system under the rapid aging of the population. To understand the current status of the pension system of China and the status of its efforts, the PRI invited Ms. KATAYAMA Yuki, Senior Research Fellow of the Nissay Basic Research Institute, to hold a research report session.
She gave a presentation entitled “Current State and Issues of the Public Pension System of China,” followed by a Q & A session and a free discussion on the subject.
|• Top Seminar for Staff|
As part of the training for executive personnel, PRI holds the Top Seminar for Staff, where renowned lecturers in various fields are invited to speak. The following seminar and lectures were held in February.
|February 12 (Wednesday)|
|Tokyo Disney Resort Business|
UENISHI Kyoichiro (Representative Director, President and COO of Oriental Land Co., Ltd.)
|Mr. UENISHI Kyoichiro|
|• February 6 (Thursday) - February 7 (Friday)：Local Lectures in Nara|
ONISHI Kanjiro (Manager), followed by ISHIKAWA Hiroaki, HARA Yosuke, and HIMEJI Takashi (researchers) of the PRI’s International Cooperation Division, gave lectures entitled “The Current Situation of the Financial Market of Myanmar and the Challenges of SME Finance” at the Nara Office of the Japan External Trade Organization (JETRO) and the Nara Finance Office.
Participants from small- and medium-sized enterprises (SMEs) commented that they understood the economic situation of Myanmar well and that it was helpful when considering entering the country.
|February 2020（vol.16 No.1） East Asia’s Production Networks and Economic Growth|
This special issue examines the role played by production networks in East Asia’s economic growth, clarifies the current status of production networks and challenges for further development, and considers ways of addressing them.
|February 2020（vol.16 No.2） Exchange Market’s Influence over Companies and Response|
This special issue discusses how to manage foreign exchange risk and foreign exchange risk accumulated by foreign direct investment affected by fluctuations in foreign exchange rates and how to select a trade quote currency. The issue considers what to do, how the exchange rate is reflected in prices and the flow of funds for companies’ international transactions to currency risks.
|The Current Situation of the Financial Market of Myanmar and the Challenges of SME Finance(PDF:852KB)|
HARA Yosuke, researcher, International Cooperation Division, PRI
HIMEJI Takashi, researcher, International Cooperation Division, PRI
ISHIKAWA Hiroaki, researcher, International Cooperation Division, PRI
This paper is an approach to problems faced by Myanmar’s local financial institutions, which have been learned through the technical assistance provided by the PRI, while reviewing the current status and issues of the financial system, focusing on the banking sector, with an overview of the macroeconomic situation of Myanmar. Myanmar has achieved steady economic growth, and its business environment is improving though issues remain in financial access. In the banking sector, however, the size of assets is expanding due to the entry of foreign banks and other factors, and the breakaway from the traditional collateral-dependent policy is gradually progressing. With the need for loan screening know-how that does not rely on collateral, it has become clear that staff members of local financial institutions are increasingly aware of the problem of the lack of human resources and capabilities.