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The seventh annual Japan-U.S. Symposium was held at Wentworth-by-the-Sea in Portsmouth, New Hampshire, the site of the treaty negotiations that concluded the Russo-Japanese War in 1905. Sessions considered the competitiveness of Japanese financial institutions and markets, the competitiveness of U.S. financial institutions and markets, and the potential impact of China on both. More than in any previous Symposium, economic and financial developments in Japan had been generally positive over the previous year, and participants were able to adopt more forward-looking discussions. A key focus for the future is the reform of the Japanese postal savings system. While concerns were raised about U.S. competitiveness based on threats to macroeconomic growth and U.S. consumer debt. Only one substantial threat was identified, over-regulation from Sarbanes-Oxley and settlement agreements engineered by Elliott Spitzer, the Attorney General of New York. Discussion of Japan’s financial competitiveness concentrated on several topics. These included evaluation of ...more...
• The Future Competitiveness of Japan in International Capital Markets
• The Future Competitiveness of the U.S. in International Capital Markets
• The Significance of China for U.S. and Japanese Financial Markets
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