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.
|8 – 8:30 am||Registration and Breakfast|
|8:30 – 8:45 am||Welcoming Remarks|
William Clark, President, Japan Society
Hugh Patrick, Director, Center on Japanese Economy and Business, Columbia University
|8:45 – 9:45 am||Opening Keynote|
The Honorable Yasuhisa Shiozaki, Member, House of Representatives, Japan
|9:45 – 11 am||Cleaning Up Japan’s Non-Performing Loans: A View From the Private Sector|
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.
|11 – 11:15 am||Coffee Break|
|11:15 am – 12:30 pm||Corporate Restructuring and Workouts of Japan’s Bad Loans: How to Proceed?|
Richard Gitlin, Partner, Financial Restructuring Group, Bingham Dana Murase
Tim Collins, CEO, Ripplewood Holdings LLC
Kensuke Hotta, Chairman, Morgan Stanley Japan
|12:30 – 1:30 pm||Closing Keynote|
The Honorable Paul H. O’Neill, Secretary of the Treasury
Roger T. Servison, Managing Director, Executive Vice President, Fidelity Investments
|1:30 pm||Buffet Luncheon Reception|
- May 2, 2002
- 8:00 am