Japan Symposia


The Program on International Financial Systems entered its nineteenth year of hosting Japan-U.S. Symposia in 2016. This annual event attracts senior financial leaders, high-ranking government officials, and distinguished academics from the United States and Japan for intensive, off-the-record dialogue on issues affecting international capital markets.

The cornerstone of PIFS Symposia is the candid, intimate exchange of ideas and dialogue between global financial counterparts. In recent years, topics have included:

  • Reform of GPIF’s Investment Strategy and Governance: Implications for international capital markets
  • The end of large global banks?
  • Rise of China: Implications for Japan, the U.S. and the global financial markets
  • Post-Crisis Responses: Regulation, Sanctions and limits of Shadow Banking
  • FED tapering, BOJ QQE and emerging markets
  • Deteriorating fiscal sustainability and consequences for the government bond markets and the financial system

Dialogue on these topics takes place in small group discussions and plenary sessions, as well as in more informal sessions at meals. Keynote addresses and panel discussions also serve to initiate and enhance the interactive dialogue. Keynote speakers for the 2015 Symposium included:

  • Masatsugu Asakawa, Vice Minister of Finance for International Affairs, Ministry of Finance, Japan
  • Tara Rice, Deputy Assistant Secretary for International Financial Stability, U.S. Department of Treasury
  • Martin J. Gruenberg, Chairman, Federal Deposit Insurance Corporation
  • Shigesuke Kashiwagi, Chief Financial Officer, Nomura Holdings

These discussions and presentations are synthesized and presented on the final day of the Symposium in a plenary session, and then summarized and published in a final Symposium report that is distributed to participants. At the conclusion of each Symposium, participants leave with an enhanced sense of the key capital markets and financial and regulatory issues affecting market practitioners and policymakers. Lead sponsors of Japan-U.S. Symposia in recent years have included:

  • The Bank of Tokyo-Mitsubishi UFJ, Ltd.
  • JPMorgan Chase & Co.
  • Mizuho Bank, Letd.
  • PricewaterhouseCoopers

For more information on the Program, or to request an invitation, please contact Whitney Vasey at wvasey@law.harvard.edu.