An Agenda for Japan and the United States

2011 Symposium on Building the Financial System of the Twenty-First Century:
An Agenda for Japan and the United States

November 4-6, 2011• Harvard Law School • Cambridge, MA
The Sheraton Commander 

Topics

• Public Debt Overhang and the Financial Sector
• Micro-Prudential Measures for Systemic Stability - Basel III and GSIFI Regulations
• Inflation or Deflation - Geological Risk, Geopolitical Risk and Macro-Policies

Keynote Speakers

• Masatsugu Asakawa, Deputy Vice Minister for International Affairs, Japan Ministry of Finance
• Teisuke Kitayama, Chairman of the Board, Sumitomo Mitsui Banking Corporation
• Marisa Lago, Assistant Secretary for International Markets and Development, U.S. Department of Treasury
• Richard Neiman, Vice Chairman, Global Financial Services Regulatory Practice, PricewaterhouseCoopers LLP
• Ronald O’Hanley, President, Asset Management and Corporate Services, Fidelity Investments

Symposium Materials

• Final Agenda
• Final Report
• Final Presentation
• Points for Discussion
• Symposium Slide Show

Concept Papers

• Public Debt Overhang and the Financial Sector, Hiroshi Kobayashi
• Japanese Life Insurance Industry’s Response to the Great East Japan Earthquake, Shizuharu Kubono
• Public Debt Overhang and the Financial Sector - Impact on the life insurance industry caused by volatility in interest rates, Shizuharu Kubono
• A Review of Regulatory Developments in Japan’s Capital Markets in 2011, Yoshio Okubo
• Re:  Public Debt Hangover and Financial Sector, Takaaki Nakajima
• Banks cannot “lend out” reserves, Paul Sheard
• The Fed is more aggressive than the BOJ, Paul Sheard
• Comprehensive monetary easing and sterilization, Paul Sheard
• The beauty of quantitative easing, Paul Sheard
• In defense of deficits (in a deleveraging world), Paul Sheard
• Comment Letter to Financial Stability Committee, Jon Malamud
• Comment Letter to IAIS: Response to FSC Questions, Jon Malamud
• Systemically Correct Scope of Banking, Tsuyoshi Oyama
• On Government Activism, Richard Katz

We offer our gracious thanks to the 2011 Japan-U.S. Symposium sponsors for their generous support of this year's event.