OFF-SITE EVENT Non-Performing Loans & Deflation: Japan’s Policy Response

5 – 6 pm

Held at Salomon Smith Barney, 388 Greenwich Street, 26th floor

Japan’s newly-appointed finance czar Heizo Takenaka has indicated bold new moves toward economic reform in Japan, applauded overseas. But home markets fear that his plans could obliterate Japan’s weak economy. Opposition from Japan’s political establishment and the banking industry to Takenaka’s proposed reform measures have sent conflicting messages to the global marketplace. Join market participants and portfolio managers for a frank exchange of views with Japan’s top representatives in New York from the Ministry of Finance and the Bank of Japan to get behind the rhetoric of the Koizumi administration’s new policy approach.

Yasuhiro Maehara, Bank of Japan’s General Manager for the Americas, and Etsuro Honda, the Ministry of Finance Chief Representative & Deputy Consul General, meet to discuss the plan’s implications for the markets and the Japanese economy.

Presider
Jeffrey R. Shafer, Vice Chairman, Salomon Smith Barney International; Global Head of Privatizations

This event will be off the record.