“An Abenomics Update: Off the Rails, or Full Steam Ahead” by Mr. Jacob Schlesinger, The Wall Street Journal
After a robust start, Prime Minister Shinzo Abe's Japan recovery plan hit a rough patch over the summer. Economic data was worse than expected, while economists and investors roundly criticized his structural reforms as vague and insufficient. Beneath the surface, though, there's plenty of progress. As Adam Posen, president of the Peterson Institute for International Economics and a long-time Japan watcher, has said: things may not be going well, but they are going right. We'll explore both sides of the issue: what's going well, and what's not, what's going right and what's not. We'll also handicap the big decisions that lie ahead: whether Mr. Abe will proceed with the next sales tax increase, and whether the Bank of Japan will add to its stimulus program.
Jacob Schlesinger is Senior Asia Economics Correspondent and Central Banks Editor, Asia for The Wall Street Journal, based in Tokyo. Mr. Schlesinger has lived in Japan for a total of nine years, first from 1989 to 1994, and then again starting in 2010. Before taking on his current position in February, 2014, he worked for four years as The Wall Street Journal’s Tokyo bureau chief, overseeing coverage, among other things, of the 2011 triple disaster, and the economic, diplomatic, and defense reforms launched by Prime Minister Abe. In between Tokyo stints, Mr. Schlesinger was based in Washington, D.C. where, most recently, he was the Journal’s deputy bureau chief, working with reporters covering the White House, Congress, and domestic policy. As a Washington reporter, he covered economics and politics. In 2003, Mr. Schlesinger was a member of a team of Journal reporters awarded the Pulitzer Prize in explanatory reporting for the “What’s Wrong” series about the causes and consequences of the late-1990s financial bubble.
After finishing his first tour in Japan, he authored the book “Shadow Shoguns: The Rise and Fall of Japan’s Postwar Political Machine,” which was published by Simon & Schuster. While writing his book, he was a visiting fellow at Stanford University’s Asia-Pacific Research Center. Mr. Schlesinger joined The Journal in 1986 in Detroit. A native of East Lansing, Mich., he received a bachelor’s degree in economics from Harvard College.
Date: Wednesday, October 15th, 2014
Time: 6.30 p.m. – 7.00 p.m. Drink & Snack (served before lecture)
7.00 p.m. – 9.00 p.m. Lecture and Discussion
Place: Alfred Nobel Auditorium, Embassy of Sweden
10-3-400 Roppongi 1-chome, Minato-ku, Tokyo 106-0032
Visions & Insights is a new seminar initiative by the EIJS in cooperation with the Swedish Chamber of Commerce and Industry in Japan (SCCJ)
In this initiative we will hold three seminars per year, covering topics on Japanese business, economy, politics and society.