Corporate Program past event

Can Japan’s Ailing Banking System Be Cured?

May 2, 2002
Can Japan’s Ailing Banking System Be Cured?

Half-Day Conference
Co-organized by Columbia Business School Center on Japanese Economy and Business


Japan’s non-performing loan problem is not going away. Despite efforts to clean up the mess, Japanese banks are still saddled with trillions of yen in problem loans. While Prime Minister Koizumi has vowed to stick to his plan to promote the disposal of banks’ bad debt over the next three years, he faces stiff resistance to restructuring from both within his own party and without. In addition, many analysts wonder whether the cure could be worse than the disease, with bank restructuring sparking more corporate bankruptcies and higher unemployment.


Can Japan’s ailing banks be cured? How will loan workouts and corporate restructuring proceed? This half-day conference tries to answer those questions by bringing together senior Japanese and American politicians, policymakers, bank executives and analysts to discuss the prospects for reform. Includes continental breakfast and buffet reception.


Agenda
























8 – 8:30 amRegistration and Breakfast
8:30 – 8:45 amWelcoming Remarks

William Clark, President, Japan Society
Hugh Patrick, Director, Center on Japanese Economy and Business, Columbia University
8:45 – 9:45 amOpening Keynote

The Honorable Yasuhisa Shiozaki, Member, House of Representatives, Japan
9:45 – 11 amCleaning Up Japan’s Non-Performing Loans: A View From the Private Sector

Panelists
Wilbur Ross, Chairman & CEO, WL Ross & Co.
David Pflug, Managing Director & Senior Credit Officer, Intl., JP Morgan Chase
Jim McGinnis, Senior Analyst, Mizuho Securities
Etsuro Honda, Deputy Consul General (Finance) in New York & Minister at the Japanese Embassy in the U.S.

Moderator
Hugh Patrick, Director, Center on Japanese Economy and Business, Columbia University

11 – 11:15 amCoffee Break
11:15 am – 12:30 pmCorporate Restructuring and Workouts of Japan’s Bad Loans: How to Proceed?

Panelists
Richard Gitlin,
Partner, Financial Restructuring Group, Bingham Dana Murase
Tim Collins, CEO, Ripplewood Holdings LLC
Kensuke Hotta, Chairman, Morgan Stanley Japan

Moderator
Hugh Patrick,
Director, Center on Japanese Economy and Business, Columbia University

12:30 – 1:30 pmClosing Keynote

The Honorable Paul H. O’Neill, Secretary of the Treasury 

Introduction
Roger T. Servison, Managing Director, Executive Vice President, Fidelity Investments
1:30 pmBuffet Luncheon Reception

  • May 2, 2002
  • 8:00 am