Heizo Takenaka Discusses the Future of Japan’s Economic Reforms

August 12, 2004
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Corporate Program past event

Corporate Lecture
Thursday, August 12
11:30 am – 1 pm

Read the Event Summary.

Heizo Takenaka, Minister of State for Financial Services, Economic and Fiscal Policy of Japan

Sir Deryck Maughan, Vice Chairman, Citigroup, Inc.; Chairman and Chief Executive Officer, Citigroup International; Chairman, Japan Society

Dr. Heizo Takenaka took on the job of Japan’s key official in charge of economic policy three years ago, followed by an additional appointment as Financial Services Minister in September 2002. In order to achieve the rebirth of the Japanese economy, he created reform policies, including “Basic Policies for Economic and Fiscal Management and Structural Reform 2004” and “Program for Financial Revival,” which required Japan’s major banks to halve their non-performing loan ratio, toughen loan assessments and improve the quality of their capital. Today, Japan’s economy and banking system are on the mend, and Dr. Takenaka is turning his attention to privatizing Japan’s postal service, which controls $1.92 trillion savings. Dr. Takenaka, who won a seat in the House of Councilors last month, reviews the remarkable progress made in reforming Japan’s financial sector and gives a candid assessment of the challenges still ahead.

11:30 am – 12 pm    Registration & reception
12 – 1 pm                 Lecture

Admission: Corporate members are entitled to a designated number of free admissions to this event, based on their company’s current membership level. These reservations must be made at least 48 hours prior to the event. Additional corporate registrants pay the discounted corporate member rate of $10. Nonmember admission: $15 lecture only. When payment is required, prepayment must be made, or registration secured, with a credit card. All registrations and cancellations must be made at least 48 hours prior to the event. Substitutions are welcome.

  • Thursday, August 12, 2004
  • 11:30 am